IDGC of Volga, JSC plans to invest over 28 billion rubles into innovation-driven development projects


The Company’s Innovation-Driven Development Program for 2011-2016 was approved by the Board of Directors of IDGC of Volga, JSC. The total volume of investments will amount to 28.6 billion rubles, namely: research and development activities – 1.7 billion rubles, Energy Savings and Increased Energy Efficiency Program – 20.2 billion rubles, development and modernization of the Operations and Process Management System – 6.5 billion rubles, etc. Besides, the Program focuses on scientific and engineering activities, enhancement of the efficiency of the quality control in the sphere of electric power, IT development, program of the development and improvement of the Quality Management System of IDGC of Volga, JSC, environmental safety enhancement, interaction with small and middle scale businesses, R&D and design institutes and higher educational institutions in the sphere of innovations. The objective of the Innovation-Driven Development Program is to arrange the environment required to create modern electric grid infrastructure in line with international standards. This infrastructure is intended to increase energy and cost efficiency of power supply for consumers of IDGC of Volga, JSC.

Subsidiary: IDGC of Volga
Subsidiary: IDGC of Volga

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