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      1. 2.2.1 Network exploitation
      2. 2.2.2 Electricity transmission
      3. 2.2.3 Technological connection
      4. 2.2.4 Development of telecommunications and it systems
      5. 2.2.5 Investments
      6. 2.2.6 Innovations
      7. 2.2.7 Efficacy enhancement

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2.2.5 Investments

The OAOOpen Joint-Stock Company IDGCInterregional Distribution Grid Company of Urals 2018-2022 investment program and its revisions(31) were adopted by the Russian Ministry of Energy(32).

Investing parameters in 2018

Investing parameters in 2018
Capex New fixed assets Funding Commissioning
RUBruble million, net of VATvalue-added tax RUBruble million, plus VATvalue-added tax MVA kmkilometer
OAOOpen Joint-Stock Company IDGCInterregional Distribution Grid Company of Urals 7,599 7,492 8,226 457 2,896

Implementation of the investment program includes handling of the following problems:

Investment funding structure in 2016-2018, RUB million plus VAT

Investment funding structure in 2016-2018, RUBruble million plus VATvalue-added tax 2016 2017 2018
Total 6,462 7,100 8,226
Connection 3,801 2,981 3,774
Reconstruction, upgrade and refurbishment 2,095 2,925 2,951
Investment projects, implemented under energy sector perspective development schemes and programs 0 1 584
Other greenfield construction of energy facilities 133 261 288
Purchase of land plots for investment projects 0.2 0 1
Other investment projects 432 931 629

The bulk of the 2018 funding (46%) was channeled to connection. Investments spent on reconstruction, upgrade and refurbishment totaled 36%. An 8% share of the total funding was spent on other investment projects (ready-to-operate devices, ITinformation technologies projects, etc.). Funding of investment projects, implemented under the energy sector perspective development schemes and programs, and greenfield construction totaled 7% and 3%, respectively. Purchase of land plots for investment projects got the smallest portion of the funding (0.01% of the total investments).

As for the sources of financing, the Company’s internal funds contribute the most to the total funding (77% or RUBruble 6,299 million). Income from connection fees to be used as investments totaled RUBruble 956 million (or 12%). Other resources contribute 10% (or RUBruble 830 million). Borrowings totaled RUBruble 140 million (or 2%). We have no state-funded facilities.

Outcomes of the activities enlisted in the investment program(33):

Roll-out of metering systems on retail electricity market (6-10 kV). Upgrade/build-up of MISmetering information system (169 devices) G_SE553 0.02
Roll-out of metering systems on retail electricity market (0.4 kV). Upgrade/build-up of MISmetering information system. Installation of meters with remote data collection (2018), 932 devices. H_ChE1380 0.20
Roll-out of metering systems on retail electricity market. Upgrade/build-up of MISmetering information system in the Western Electric Network production department, 1st stage (3,298 devices) G_ ChE665 2.15
Roll-out of metering systems on retail electricity market (6-10 kV). Upgrade/build-up of MISmetering information system. Installation of innovative 10 kV meters (2018), 43 devices H_ ChE1369 0.01
Roll-out of metering systems on retail electricity market (6-10 kV). Upgrade/build-up of MISmetering information system. Acquisition and installation of 6-10 kV meters (2018), 36 devices H_ ChE1370 0.01
Roll-out of metering systems on retail electricity market (0.4 - 6(10) kV). Installation of meters with remote data collection (2018), 756 devices H_ ChE1375 0.09

Key investment projects completed in 2018:

Region Project’s title M.u. Effect
Perm region Reconstruction of 110/6 kV “Balatovskaya” substation 56 6-KV cells Replacement of obsolete equipment. Provision of increasing load and supply reliability.
Construction of 10-6 kV cable power line in Parkovyi microdistrict 9.9 kmkilometer Construction of a distribution network in the city of Perm.
Chelyabinsk region Reconstruction of 110 kV “Zlatoust – Taganay” aerial power line 17.9 kmkilometer Network upgrade, improvement of technical status index.
Sverdlovsk region Reconstruction of 110/35/6 kV “Markovskaya” substation 80 MVA Replacement of obsolete equipment. Provision of increasing load and supply reliability.

Under our investment program we also completed the following projects related to the development of digital network:

The Company’s 2018-2022 investment program is prepared with due allowances to regional development plans, equipment health, importance of grid facilities and current domestic environment. Itinformation technologies stipulates RUBruble 39,620 million (plus VATvalue-added tax) funding, RUBruble 33,829 million (net of VATvalue-added tax) capex and RUBruble 34,416 million (net of VATvalue-added tax) commissioning.

Funding of the Company’s investment program for 2018-2022, RUBruble million (plus VATvalue-added tax):

Capital expenditures under the Company’s investment program for 2018-2022, RUBruble million (net of VATvalue-added tax).

Commissioning under the Company’s investment program for 2018-2022, RUBruble million (net of VATvalue-added tax).