Hotline of power engineering specialists:
General Director of IDGC of Centre - the managing organization of IDGC of Centre and Volga Region Igor Makovskiy met with representatives of the minority shareholder of both companies - Prosperity Capital Management Limited.
During the meeting, the parties discussed the results of operations of the companies in the first half of 2018 and plans for 2019, as well as issues related to the fulfillment by IDGC of Centre of the functions of the sole executive body of IDGC of Centre and Volga Region.
During the exchange of views, Igor Makovskiy said that within the framework of the centralization of functions, operational and situational management of the grid complex of the two companies was merged. A corporate information system was created, based on a joint resource of a common information complex. Particular attention is paid to solving problems of improving the reliability and uninterrupted power supply to customers, as well as reducing losses in grids of the two companies.
“The centralization of management functions of IDGC of Centre and IDGC of Centre and Volga Region allowed us to get significant results in terms of reducing operating expenses, which in turn contributed to a significant improvement in the financial and economic condition of both companies,” stressed Head of the Company Igor Makovskiy.
Also, Igor Makovskiy acquainted the representatives of the minority shareholder with further plans for digitization of the electric grid complex of IDGC of Centre and IDGC of Centre and Volga Region. All projects are implemented on the basis of the roadmap for the implementation of the digital grid complex. In particular, a digital substation is currently being constructed and 11 digital substations are being designed using protocols of the IEC 61850 standard as part of the integration of the automated process control system. Pilot projects of “Digital Distribution Zone” are being prepared for implementation on the basis of Kalininsky Distribution Zone of the branch “Tverenergo” of IDGC of Centre and Arzamassky Distribution Zone of the branch “Nizhnovenergo” of IDGC of Centre and Volga Region.
The meeting’s participants agreed that minority shareholders will be informed and their views will be taken into account on the implementation of the roadmap for digitalization of the grid complex of IDGC of Centre and IDGC of Centre and Volga Region.
As a result, the parties came to the conclusion that the active position of the minority shareholders and the constructive dialogue that took place will contribute to further increasing the efficiency of the companies.
Such meetings are held by the company’s management on a regular basis and contribute to the establishment of trusting relationships with minority shareholders, increasing their involvement in the process of making key decisions by the General Meeting of Shareholders. Such meetings will be held, both as part of the work of the Board of Directors of the companies, and as a result of the work of IDGC of Centre and IDGC of Centre and Volga Region for the reporting period.