3.2.10 Investments
Investing parameters
The OAOOpen Joint-Stock Company IDGCInterregional Distribution Grid Company of Urals’ investment program for 2021 was adopted by the Ministry of Energy Decree[29].
The Company’s 2019-2021 cost and physical parameters as presented in the table:
|
|
2019 | 2020 | 2021 | 2021/2020 % |
| Funding, RUBruble million plus VATvalue-added tax | 8,226 | 9,991 | 13,481 | 40% |
| Capex, RUBruble million net of VATvalue-added tax | 7,599 | 11,568 | 12,144 | 31% |
| New fixed assets, RUBruble million net of VATvalue-added tax | 7,492 | 10,942 | 11,342 | 22% |
| Commissioning of transformer capacity, MVAmega voltampere | 457 | 459 | 319 | -21% |
| Commissioning of power lines, kmkilometer | 2,896 | 2,563 | 1,812 | -12% |
|
|
2019 | 2020 | 2021 | 2021/2020 % |
| Funding, RUBruble million plus VATvalue-added tax | 8,226 | 9,991 | 13,481 | 40% |
| Capex, RUBruble million net of VATvalue-added tax | 7,599 | 11,568 | 12,144 | 31% |
| New fixed assets, RUBruble million net of VATvalue-added tax | 7,492 | 10,942 | 11,342 | 22% |
| Commissioning of transformer capacity, MVAmega voltampere | 457 | 459 | 319 | -21% |
| Commissioning of power lines, kmkilometer | 2,896 | 2,563 | 1,812 | -12% |
Implementation of the investment program includes handling of the following problems:
- maintenance of operability of equipment that provides reliable, no-break and high-quality power supply;
- execution of liabilities under connection contracts;
- enforcement of security of equipment and personnel performance;
- provision of the transmitting capacitance of the networks for sustainable performance and connection of consumers;
- increase of anti-diversionary protection and counter-terrorist security of energy facilities.
Investment funding structure in 2019-2021:
|
|
2019 | 2020 | 2021 | 2021/2020, % |
| Total: | 9,991 | 9,633 | 13,481 | 40% |
| Connection | 5,220 | 5,440 | 6,667 | 23% |
| Reconstruction, upgrade and retrofitting | 2,943 | 2,690 | 5,080 | 89% |
| Investment projects, implemented under energy sector perspective development schemes and programs | 395 | 66 | 321 | 386% |
| Other greenfield construction of energy facilities | 163 | 59 | 75 | 27% |
| Purchase of land plots for investment projects | 1 | 0 | 0 | 0% |
| Other investment projects | 1,269 | 1,377 | 1,339 | -3% |
|
|
2019 | 2020 | 2021 | 2021/2020, % |
| Total: | 9,991 | 9,633 | 13,481 | 40% |
| Connection | 5,220 | 5,440 | 6,667 | 23% |
| Reconstruction, upgrade and retrofitting | 2,943 | 2,690 | 5,080 | 89% |
| Investment projects, implemented under energy sector perspective development schemes and programs | 395 | 66 | 321 | 386% |
| Other greenfield construction of energy facilities | 163 | 59 | 75 | 27% |
| Purchase of land plots for investment projects | 1 | 0 | 0 | 0% |
| Other investment projects | 1,269 | 1,377 | 1,339 | -3% |
The bulk of the 2021 funding (49.5%) was channeled to connection. Investments spent on reconstruction, upgrade and retrofitting totaled 37.7%. Greenfield construction has the smallest share in the structure (0.6%). A 9.9% share of the total funding was spent on other investment projects (ready-to-operate devices, ITinformation technologies projects, etc.), Funding of the investment projects, implemented under the energy sector perspective development schemes and programs totaled 2.4%. As for the sources of financing, the Company’s internal funds contributed the most to the total funding (87% or RUBruble 11,723 million). Raised funds totaled 13% or RUBruble 1,758 million. We have no state-funded projects.
Outcomes of the activities enlisted in the 2021 investment program.
— transformer substation load targets are 100% completed;
— evaluation of changes in the share of net supply, measured by meters integrated into the data collection and transmission system:
| Investment project | ID code | Actual values |
| Installation of meters, voltage class 0.2(0.4) kVkilovolt, in compliance with Federal Law[30], after breakdown of a consumer’s meter (2020 – 2025), 3,432 devices | I_PE856 | 0.005 |
| Installation of meters, voltage class 0.22(0.4) kVkilovolt, in compliance with Federal Law[30] after the expiry of calibration period or service life or if a consumer lacks a meter (Perm region, 2020-2025), 72,802 devices | I_PE857 | 0.033 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department OES, ChaES) (10,116 devices) | K_PE2485 | 0.228 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TsES, SES, ChuES) (12,183 devices) | K_PE2486 | 0.279 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department BES, KuES, TsES) (9,450 devices) | K_PE2487 | 0.218 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TsES) (9,909 devices) | K_PE2488 | 0.231 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department PGES, TsES) (9,464 devices) | K_PE2489 | 0.228 |
| Roll-out of remote metering systems (PDproduction department SES, TsES, TES of Sverdlovenergo branch) from non-tariff funding (17,584 devices) | K_SE2638 | 0.003 |
| Installation of meters, voltage class 0.22(0.4) kVkilovolt, in compliance with Federal Law [30] after breakdown of a consumer’s meter (2020-2025), 6,415 devices | H_ChE1382 | 0.030 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department ChGES, 2021) (11,190 devices) | K_ChE2567 | 0.310 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TsES, 2021) (15,227 devices) | K_ChE3043 | 0.400 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TES, 2021) (5,303 devices) | K_ChE3047 | 0.279 |
| Investment project | ID code | Actual values |
| Installation of meters, voltage class 0.2(0.4) kVkilovolt, in compliance with Federal Law[30], after breakdown of a consumer’s meter (2020 – 2025), 3,432 devices | I_PE856 | 0.005 |
| Installation of meters, voltage class 0.22(0.4) kVkilovolt, in compliance with Federal Law[30] after the expiry of calibration period or service life or if a consumer lacks a meter (Perm region, 2020-2025), 72,802 devices | I_PE857 | 0.033 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department OES, ChaES) (10,116 devices) | K_PE2485 | 0.228 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TsES, SES, ChuES) (12,183 devices) | K_PE2486 | 0.279 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department BES, KuES, TsES) (9,450 devices) | K_PE2487 | 0.218 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TsES) (9,909 devices) | K_PE2488 | 0.231 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department PGES, TsES) (9,464 devices) | K_PE2489 | 0.228 |
| Roll-out of remote metering systems (PDproduction department SES, TsES, TES of Sverdlovenergo branch) from non-tariff funding (17,584 devices) | K_SE2638 | 0.003 |
| Installation of meters, voltage class 0.22(0.4) kVkilovolt, in compliance with Federal Law [30] after breakdown of a consumer’s meter (2020-2025), 6,415 devices | H_ChE1382 | 0.030 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department ChGES, 2021) (11,190 devices) | K_ChE2567 | 0.310 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TsES, 2021) (15,227 devices) | K_ChE3043 | 0.400 |
| Roll-out of metering systems on the retail electricity market (0.4 кВ). Upgrade/build-up of MISmetering information system from non-tariff funding (PDproduction department TES, 2021) (5,303 devices) | K_ChE3047 | 0.279 |
— Level of SAIDISystem Average Interruption Duration Index completion: 104%;
— Level of SAIFISystem Average Interruption Frequency Index completion: 108%;
— total connection liabilities executed under the investment program reached 27,918 connections;
— maximum capacity of connected consumers, generating facilities, grid facilities owned by other grid companies or persons totaled 555.47 MWmegawatt.
The largest investment programs completed in 2021:
| Region | Title of the investment program | Goals | Commissioning in 2021 |
| Perm region | Reconstruction of 110 kVkilovolt power line “Gornaya – Metanol” (circuit I), “Kizelovskaya GRES-3 – Gornaya” (circuit II) (Stage 2) (8.423 kmkilometer) | Enhancement of reliability of electricity supply to facilities of PAOPublic Joint-Stock Company Metafraks and reduction of operating costs | RUBruble 61.16 million |
| Upgrade of 10 kVkilovolt networks from 110/35/10 kVkilovolt “Vasilyevskaya” substation, installation of 33 reclosers, dismounting of RP-2 Rusaki and RP-5 Moskvino (33 pcs.) | Upgrade of electric network, reduction of consequences of equipment failures, increase of technical status index | RUBruble 67.75 million | |
| Chelyabinsk region | Upgrade of networks of the Sosnovsky District (installation of reclosers) (Stages 3,4), 52 pcs. | Connection of OOOLimited Liability Company Krasnoturinsk – Polymetall to grid facilities of Sverdlovenergo branch | RUBruble 72.69 million |
| Upgrade of IATSinformation acquisition and transmission system on 110 kVkilovolt “Komsomolskaya”, “Kurortnaya”, “Filimonovo”, “Gorkovskaya”, “Klyuchevskaya”, “Spasskaya”, “Solnechnaya Dolina”, “Stroitelnaya” substations (8 pcs) | Enhancement of reliability of electricity supply, reduction in expenses for repair and maintenance, replacement of dangerous equipment | RUBruble 117.79 million | |
| Sverdlovsk region | Construction of 110/10 kVkilovolt “Polymetall” substations, branch lines from 110 kVkilovolt “Vorontsovsky GOK - Serov” power line, to “Ptitsefabrika” substation, 110 kVkilovolt “Vorontskovsky GOK - Krasnoturinsk” power line with branch lines (20 MVAmega voltampere, 2.2 kmkilometer) | Enhancement of dispatching and automation level of 10 kVkilovolt networks | RUBruble 269.17 million |
| Reconstruction of 10 kVkilovolt “Sinegorsk - Serebryanka” power line, installation of reclosers (52.526 kmkilometer; 3 pcs) | Enhancement of observability and manageability of a 110 kVkilovolt substation in Chelyabenergo | RUBruble 70.68 million |
| Region | Title of the investment program | Goals | Commissioning in 2021 |
| Perm region | Reconstruction of 110 kVkilovolt power line “Gornaya – Metanol” (circuit I), “Kizelovskaya GRES-3 – Gornaya” (circuit II) (Stage 2) (8.423 kmkilometer) | Enhancement of reliability of electricity supply to facilities of PAOPublic Joint-Stock Company Metafraks and reduction of operating costs | RUBruble 61.16 million |
| Upgrade of 10 kVkilovolt networks from 110/35/10 kVkilovolt “Vasilyevskaya” substation, installation of 33 reclosers, dismounting of RP-2 Rusaki and RP-5 Moskvino (33 pcs.) | Upgrade of electric network, reduction of consequences of equipment failures, increase of technical status index | RUBruble 67.75 million | |
| Chelyabinsk region | Upgrade of networks of the Sosnovsky District (installation of reclosers) (Stages 3,4), 52 pcs. | Connection of OOOLimited Liability Company Krasnoturinsk – Polymetall to grid facilities of Sverdlovenergo branch | RUBruble 72.69 million |
| Upgrade of IATSinformation acquisition and transmission system on 110 kVkilovolt “Komsomolskaya”, “Kurortnaya”, “Filimonovo”, “Gorkovskaya”, “Klyuchevskaya”, “Spasskaya”, “Solnechnaya Dolina”, “Stroitelnaya” substations (8 pcs) | Enhancement of reliability of electricity supply, reduction in expenses for repair and maintenance, replacement of dangerous equipment | RUBruble 117.79 million | |
| Sverdlovsk region | Construction of 110/10 kVkilovolt “Polymetall” substations, branch lines from 110 kVkilovolt “Vorontsovsky GOK - Serov” power line, to “Ptitsefabrika” substation, 110 kVkilovolt “Vorontskovsky GOK - Krasnoturinsk” power line with branch lines (20 MVAmega voltampere, 2.2 kmkilometer) | Enhancement of dispatching and automation level of 10 kVkilovolt networks | RUBruble 269.17 million |
| Reconstruction of 10 kVkilovolt “Sinegorsk - Serebryanka” power line, installation of reclosers (52.526 kmkilometer; 3 pcs) | Enhancement of observability and manageability of a 110 kVkilovolt substation in Chelyabenergo | RUBruble 70.68 million |
The OAOOpen Joint-Stock Company IDGCInterregional Distribution Grid Company of Urals’ investment program for 2021-2025 was adopted by the Ministry of Energy Decree[29].
The Company’s 2021-2025 cost and physical parameters as presented in the table:
|
|
2021 | 2022 | 2023 | 2024 | 2025 |
| Funding, RUBruble million plus VATvalue-added tax | 11,520 | 10,555 | 9,245 | 8,506 | 9,751 |
| Capex, RUBruble million net of VATvalue-added tax | 11,147 | 7,660 | 6,480 | 6,295 | 6,623 |
| New fixed assets, RUBruble million net of VATvalue-added tax | 10,753 | 7,567 | 6,227 | 7,884 | 6,598 |
| Commissioning of transformer capacity, MVAmega voltampere | 266 | 267 | 352 | 281 | 227 |
| Commissioning of power lines, kmkilometer | 1,535 | 1,114 | 984 | 931 | 1,010 |
|
|
2021 | 2022 | 2023 | 2024 | 2025 |
| Funding, RUBruble million plus VATvalue-added tax | 11,520 | 10,555 | 9,245 | 8,506 | 9,751 |
| Capex, RUBruble million net of VATvalue-added tax | 11,147 | 7,660 | 6,480 | 6,295 | 6,623 |
| New fixed assets, RUBruble million net of VATvalue-added tax | 10,753 | 7,567 | 6,227 | 7,884 | 6,598 |
| Commissioning of transformer capacity, MVAmega voltampere | 266 | 267 | 352 | 281 | 227 |
| Commissioning of power lines, kmkilometer | 1,535 | 1,114 | 984 | 931 | 1,010 |
The Company’s investment program for 2021-2025 stipulates RUBruble 49,577 million (incl. VATvalue-added tax) funding, RUBruble 38,205 million (net of VATvalue-added tax) capex, RUBruble 39,029 million (net of VATvalue-added tax) new fixed assets, commissioning of 1,393 MVAmega voltampere transformer capacity and 5,575 kmkilometer power lines. The Company’s 2021-2022 investment program is prepared with due allowances to regional development plans, equipment health, importance of grid facilities and current domestic environment.