Sales of all the facilities in the register is to be completed in Q4 2012.
From the 2012 IDGC of the North-West, JSC plans to put up for sale 105 facilities from the register of non-core assets.
Half of the facilities (52) are located in the Vologda Region, 29 facilities – in the Murmansk Region, 11 facilities – in the Pskov Region, 8 facilities – in the Arkhangelsk Region, 3 facilities – in the Novgorod Region. Additionally included in the register are two investments projects of Karelenergo branch.
The register of non-core assets of IDGC of the North-West, JSC was approved by the Board of Directors of the Company on October 29, 2010. At the same time, one determined the facilities divestiture. Sales of all the facilities in the register is to be completed in Q4 2012.
As of January 1 of the current year, 105 facilities were recorded in the register of non-core assets, their total book value amounting to 71.2 mln RUR. All the properties included in the register of non-core assets with regard whereof alienation transactions are planned to be concluded belong to the Company by the right of ownership which is confirmed by documents of title.
In Q1 2012 IDGC of the North-West sold through auctions 4 facilities, 3 housing-and-utility facilities sold to the persons registered as residing therein and 4 housing-and-utility facilities gratuitously transferred into municipal ownership.
Recognized as non-core assets are fixed assets and facilities under construction owned by IDGC of the North-West, their usage objective consisting in neither production nor transmission nor dispatching nor distribution of electrical or thermal energy, as well as, belonging to the Company, shares, issue-grade securities convertible to shares and stakes in authorized capitals of organizations engaged in neither production nor transmission nor dispatching nor distribution nor marketing of electrical or thermal energy.