Quarterly report "Interregional Distribution Grid Company of Centre", Joint-Stock Company

3.3. Plans of the issuer’s future activity

- Realization of state policy in the field of electric power industry;

- Creation of conditions for effective functioning of the distribution grid complex of the Central part of Russia;

- Realization of effective operation and centralized technological management of power grid facilities;

- Realization of the uniform strategy in the field of investments and attraction of the capital for solution of common system tasks of development of the distribution grid complex;

- Development and realization of scientific and technical policy and implementation of new progressive kinds of equipment and technologies;

- Reception of profit.

The issuer receives and plans to obtain in future the principle income from activity on transmission of electric energy and technological connection of consumers to electric networks. In future it is planned to diversify the issuer’s business in the terms of structure of the rendered services – entry into the market of services in the field of power efficiency assurance. In this case the basis of the issuer’s development strategy for 2010-2030 is made by power safety priorities, efficiency and investment attractiveness.

The most complicated problem of implementation of these lines is to exclude interest conflict – efficiency against reliability.

Power grid complex efficiency is am indicator expressed in the form of relation between the functioning productive result and resource expenditure. This is the complex category determined by technical condition of assets, transmission capacity, rationality of resource use.

Power security (reliability) means condition of protection of the responsibility zone regions, their people, economy from threats to reliable power supply. These threats are determined both by external (geopolitical, macro economic, conjuncture) factors and the condition and operation of power sector of a region.

The key point in solution of this problem is to determine priority of efficiency increase goals of investments in new construction, upgrading and technical re-equipping of grid assets at absolute compliance with power supply reliability standards.

Along with the absolute reliability, financial and economic priorities as well as such factors as safety, satisfaction of consumers’ demand, the Company image and goodwill, necessity to ensure its stable development, taking into account requirements of regulating bodies come to the fore.
In accordance with the set priorities the issuer points out the following development directors:

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  Increase of reliability and quality of rendered services, system security assurance;
  
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  Activity efficiency increase;
  
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  Innovation technology implementation;
  
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  Power saving and power efficiency increase;
  
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  Consolidation of power grid assets in the regions of the Company operation;
  
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  Investment attractiveness increase;
  
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  Efficiency increase of HR management system.
  

Within the framework of the pointed out development directions, in 2010-2012 the issuer is planning to implement the following project initiatives:

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  Implementation of RAB tariff making system in all regions of the issuer’s operation;
  
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  Security of 100% market stake in the regions of the Company operation;
  
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  Entry into bond market;
  
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  Implementation of costs management system in all regions of the Company operation;
  
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  Implementation of strategic financial model of the issuer’s activity;
  
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  Automation of consolidated tables receipt for the purposes of IFRS;
  
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  Implementation of the primary and supplementary service marketing system;
  
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  Development and implementation of the issuer’s power efficiency management system;
  
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  Implementation of the concept “Smart grids”;
  
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  Implementation of production and non-core assets management system;
  
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  Implementation of business-process controlling system on the basis of ARIS PPM;
  
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  Development and implementation of innovative management system;
  
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  Development and implementation of knowledge management system;
  
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  Formation of social monitoring system;
  
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  Fulfillment of a package of measures on work with veterans.
  

Apart of the abovementioned initiatives, currently the issuer implements the following package of the first-priority target programs:

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  The program on replacement of oil breakers of 6-10 kv by vacuum ones;
  
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  The program on replacement of breaker-isolating – short circuiting switches of 35-110 kv by SF6 break (vacuum) switches;
  
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  The program on replacement of metering transformers;
  
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  The program on replacement of stick-pedestal insulators of 110 kv;
  
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  The program on reactive capacity management;
  
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  The program on technical re-equipping and reconstruction of relay protection and automatic equipment and emergency control automatics;
  
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  The program on creation of Automated informative electric power accounting system;
  
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  The program on telemetry, automation and upgrading of facilities of branches.