Annual report 2010

JSC IDGC Holding. Annual Report 2010Lines and Structure of Capital Investment Under the ConsolidatedInvestment Program (rubles in millions, exclusive of VAT)No Investment 2008 2009 20101Technical upgrading andrehabilitation62,482 58.8% 34,428 44.8% 44,947 51.6%2 New construction 39,569 37.2% 38,800 50.5% 37,162 42.7%3 Intangible assets 77 0.1% 8 0.0% 132 0.2%4 Long-term financial investments 466 0.4% 425 0.6% 2,778 3.2%5 Acquisition of fixed assets 3,730 3.5% 3,189 4.1% 1,969 2.3%6 Other 0 0.0% 0 0.0% 36 0.0%Total for IDGC Holding 106,324 100% 76,850 100% 87,023 100%IDGC Holding Consolidated Investment Program for 2011IDGC Holding Consolidated Investment Programfor 2011–2015 was developed in 2010 based onthe distribution grid sector’s need for technicalupgrading and rehabilitation, new construction,specifically for network connection of customers,the implementation of target programs includingthe transition of grid companies to long-term tariffregulation based on the principle of return oncapital employed.IDGC Holding Consolidated Investment Programfor 2011–2015 was prepared in 2010 based on theinvestment programs of the SDCs of IDGC Holdingapproved by executive bodies (pursuant toResolution of the Government of the RussianFederation No. 977 of December 1, 2009) andincludes facilities for ensuring the implementationof the following programs:— renovation of the primary and auxiliaryequipment;— energy conservation and energy efficiencyenhancement;— creation of the system of emergency andprocess control automatics;— implementation of programs for creatingtelecontrol and communication systems;— installation of voltage regulators and reactivepower compensators.180