The project first stage will begin in 2013. 40 mln RUR have been allocated for its implementation.

The consolidated IFRS financial statements include OJSC «IDGC of North-West» and the following subsidiaries: OJSC «Pskovenergoagent», OJSC «Pskovenergosbyt», OJSC «Lesnaya skazka», OJSC «Energoservice North-West».

General Director of IDGC of the North-West, JSC Sergey Titov took part in the meting.

The last 2012 session of the council was held in Arkhangelsk

Additionally, today General Director of IDGC of the North-West Sergey Titov has had a meeting with Governor of the Murmansk Region Marina Kovtun.

Commissioning of fixed assets in an amount of 19.1 mln RUR is scheduled for March, 2012.

The company has taken the third place in category “Best disclosure of annual report information by companies with capitalization up to 10 bln RUR”

The auction commission notification has been published on the Company’s official web-site.

The certificate of preparedness was presented to General Director of IDGC of the North-West by the commission Chairman, Deputy Director of the Department for Operational Control and Management in Power Industry of the Ministry of Energy of the Russian Federation Alexey Zamyslov.

A series of proposals were made on improvement of the system for consumer notification of emergency blackout situations.