General Director of IDGC Holding, JSC Nikolay Shvets, “The group of companies aims at implementation of a long-term strategy including privatization plans to ensure a steady impetus to IDGC / DGC development”

02.02.2012

General Director of IDGC Holding, JSC Nikolay Shvets spoke in the Forum panel discussion Privatization: Interim Results. Today, on February 2, activities on the program of the investment venue The Russia Forum-2012, the greatest economic event of the year, have gone on in Moscow. When delivering a speech at the Forum Chairman of the Government of the Russian Federation Vladimir V. Putin dwelled on the issues of new realia and challenges Russia faces under the global economy transformation conditions and identified the core areas of the Russian economy reform. According to the estimate given by Prime Minister of the Russian Federation, in the nearest few years Russia will come to rank among the countries with most attractive business climate, having progressed from the 120th to the 20th position in the business dealings conditions rating.
General Director of IDGC Holding, JSC Nikolay Shvets spoke in the Forum panel discussion Privatization: Interim Results. IDGC Holding CEO emphasized that the group of companies aims at implementation of a long-term strategy including privatization plans to ensure a steady impetus to IDGC / DGC development, efficiency enhancement and acceleration of the electric power grid infrastructure modernization process.
As Nikolay Shvets noted, “For successful sale of assets one needs to solve a number of tasks, both relying on one’s own efforts and jointly with the State being the main shareholder. IDGC Holding must begin implementation of measures on the program for operational and investment efficiency enhancement and reduction of electric energy transmission losses. These measures may help us progress towards establishment of a fair cost of IDGC Holding assets as compared to foreign analogues.”