IDGC Holding held an Investor Day on February 15, 2012. The highlight of the meeting was the company’s approved development strategy until 2015 presented to the investor community.
IDGC Holding was represented by Deputy Director General Mikhail Kurbatov, Deputy Director General for Economic Affairs and Finance Aleksey Demidov, and Deputy Director General for Corporate Governance and Property Aleksey Perepyolkin, together with Partner Stepan Solzhenitsyn of McKinsey & Company, IDGC Holding’s consultants.
The strategy focuses on efforts to be the leader in developing the management system of the distribution grid sector and secure a reliable and high-quality electric power supply satisfying the growing demand of the Russian economy and social sector at service prices affordable for customers.
IDGC Holding’s strategy specifies that RAB-based tariff regulation will continue to be the principal instrument for safeguarding investors’ interests; stakes held by IDGC Holding in one or two interregional distribution grid companies will be reduced or transferred to leading Russian and foreign strategic investors in the near future; and governmental supervision mechanisms will be created for the socially important aspects of operations conducted by territorial grid organizations, regardless of their legal form of ownership.