The capital investment program of ROSSETI SDCs is aimed at securing a reliable and high-quality electricity supply by means of the technical upgrading and rehabilitation of electric grid facilities and by means of new construction, including for providing new customers with electricity connections. The Company uses its own funds and borrowings to finance the capex program.
The financing of the capex program was 240.8 billion rubles in 2014, or a fourth less than in the previous year due to restrictions on the tariff growth rate and a shortage of funds in the financial and economic situation of 2014. In 2014, commissioned capacity totaled 19,483 MVA and 32,933 kilometers.
Network connection expenses accounted for the largest share (34.1%) in financing, while technical upgrading and rehabilitation accounted for 29.4% and new construction for 24.4%.