On November 29, 2011, Pavilion 69 of the All-Russian Exhibition Centre in Moscow hosted the opening ceremony of the 14th International Specialized Exhibition "Electric Networks of Russia 2011." The ceremony was attended by Nikolay Shvets, Director General of JSC IDGC Holding; Alexey Stepanov, Head of the Department for Operational Control and Management in Electric Power Industry and Mobile Readiness in Fuel and Energy System of the Ministry of Energy of the Russian Federation; Boris Mekhanoshin, Deputy Director General and Technical Director of JSC IDGC Holding; Vladimir Dzhangirov, a representative of the Chamber of Commerce and Industry of the Russian Federation.
Nikolay Shvets, Director General of JSC IDGC Holding, emphasized that the Company has huge innovative potential, which is clearly reflected in the Innovative Development Program of IDGC Holding. “Following the instructions of the Russian Government, the Company plans to spend annually on investment projects up to 3% of its total revenue, i.e. about RUB 5 billion. By 2016, we intend to spend a total of some RUB 30 billion for these purposes.
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