IDGC of Center Buys Electric Grid Complex of Stary Oskol

JSC «IDGC of Center» won the bidding for the sale of the municipal electric grid assets of the Oskol city district of Belgorod region. The size of the transaction amounted to 416 059 965.99 rubles without VAT.

The purchase of the electric grid of Stary Oskol — the second largest city of Belgorod region — suggests the completion of the consolidation of the electric grid of the Belgorod region. At present, the share of JSC «IDGC of Center» in the market of electricity transportation in the region is more than 98%.

The structure of the acquired electric grid includes: 2644 of movable and immovable property, 153.8 km of overhead transmission lines of 110 kV, 2494.2 km of transmission lines 6-10 kV, five substations 110 kV with the total installed capacity of 292 MVA, a distribution substation and a transformer substation 6-10/0, 4 kV with the total installed capacity of 273 MVA. The total amount of the acquired property was more than 14,533 conventional units.

The power grid facilities of Stary Oskol are in good condition. It should be noted that prior to the acquisition the maintenance of electric systems was performed by the Belgorod branch of JSC «IDGC of Center» in accordance with the lease agreement, signed in 2004, and then extended in 2009.

The timely maintenance and the high level of personnel training allowed to maintain the power grid facilities of Stary Oskol in proper conditions. Getting the ownership of these facilities will enable significant investments in the acquired facilities, developing the power grid complex to meet the growing needs of the region.

«The acquisition of electric grid Stary Oskol is essential, first of all, in terms of improving the system reliability of power supply in the region. I’m sure it will improve the quality of power supply for the residents of Stary Oskol. Judging from the experience of other regions, the integration of electric grids has a positive impact not only on the quality of power supply, but isalso a prerequisite for optimizing tariff-balance solutions. I would also note that Stary Oskol is a major industrial center of the Belgorod region. Active development of industrial companies, small and medium enterprises, housing development requires a corresponding development of the grid infrastructure, «- said General Director of JSC «IDGC of Center» Dmitry Gudzhoyan.

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