A report on the results on non-core assets divestiture is planned to be submitted to the Board of Directors of IDGC of the North-West in Q1 2013

IDGC of the North-West, JSC plans to sell all economically ineffective non-core assets within the framework of IDGC Holding Strategy implementation. Corresponding measures have been included in the Plan of Implementation of IDGC Holding, JSC Development Strategy within the Company till 2015 and prospectively – till 2020. The topic was touched upon by General Director of IDGC of the North-West Aleksandr Kukhmay in his speech at the session of the Committee for Strategy and Development under the Board of Directors of the Company. A register of non-core assets has been created within the Company with regulations on such assets sales organization elaborated. Divestiture of at least ten facilities is expected following the outcome of Q1 2012.
“Included in the register of non-core assets are mostly housing-and-utility facilities: production-and-residential houses at substations and apartments located in rural areas. Their divestiture proceeds in accordance with the Regulations on Sales of Housing-and-Utility Facilities,” explains Head of the Administration for Properties and Power Grid Assets Consolidation of IDGC of the North-West Andrey Khomyakov.
A report on the results on non-core assets divestiture is planned to be submitted to the Board of Directors of IDGC of the North-West in Q1 2013.

The Committee for Strategy and Development under the Board of Directors of IDGC of the North-West has recommended that the Board of Directors approve of the Plan of Implementation of IDGC Holding, JSC Development Strategy within the Company till 2015 and prospectively – till 2020 as proposed (the issue having been submitted for consideration to the Board of Directors on March 30, 2012).
The session of the Committee for Strategy and Development under the Board of Directors of IDGC of the North-West was arranged in presentia on March 19, 2012 in Moscow.