May 29, 2013 a meeting of the Board of Directors was held, which approved the report of General Director «On the execution of the business plan and investment program of IDGC of Centre in the 4th quarter of 2012 and following the results of 2012».
According to the approved report for 2012 the business plan and investment program of IDGC of Centre completed. For 2012, revenues from sales of services for the transmission of electric energy amounted to 67.49 billion rubles. This is 0.5% higher than the planned target, due to an increase in the actual power of consumers and the growth of productive supply. The actual value of the joint operation productive supply to customers for 2012 amounted to 55,143 million kWh, the growth with respect to the plan amounted to 0.7% due to increased consumption by large industrial enterprises. The increase in revenue from grid connection in comparison to the plan amounted to 3.4%, and the figure reached 1.18 billion rubles. Exceeding the fact over the plan is the result of early action by applicants on grid connection agreements for the branches. Other revenue in 2012 amounted to 732.1 million rubles, which exceeds the plan by 8.3%, mainly due to the increase in the provision of additional energy services.
Cost reduction, according to the report on the implementation of the business plan following the results of 2012, amounted to 986.5 million rubles (1.7%) of the target level, which was achieved by reducing the size of the losses, the cost of buying electricity for household needs and other costs. The management of the Company following the results of 2012 made the planned level of net profit in excess of 441.2 million rubles to reach 3.45 billion rubles.
The actual execution of the investment program of IDGC of Centre following the results of 2012 in the use of capital investments amounted to 15.85 billion rubles (98.5% of the plan). Successful implementation of the investment program allowed to commission 8,026 km of new power lines (106.5% of the plan) and 1,518 MVA of transformer capacity (106.7% of the plan).
Also at the meeting of the Board of Directors the report of General Director of IDGC of Centre «On the implementation of key performance indicators (KPI) for the 4th quarter of 2012 and 2012» was approved, according to which all the target annual KPI values were met.
Another item on the agenda of the Board of Directors was to consider the report of General Director of the Company «On the execution of the Program for energy saving and energy efficiency of IDGC of Centre for 2012 — 2017 in the 4th quarter of 2012 and 2012». According to the report on the results of 2012 through the implementation of the Program it became possible to reduce the actual energy losses to 9.53% relative to supply to the grid, which is 0.4% less compared to 2011, as well as to achieve economic benefit of 654.1 million rubles.