PAO Rosseti (ПAO Россети) is a Russian power company, and comprises interregional and regional distribution grid companies (IDGCs/RDGCs), research and development institutes, design and construction institutes, and construction and sales entities. Ninety-seven subsidiaries of IDGCs/RDGCs are based in 69 constituent entities of the Russian Federation. The company was created as a result of the reorganization of RAO UES.
Operations
Rosseti's property portfolio comprises interests in 44 joint-stock subsidiaries and affiliates, including interests in 11 IDGCs and 5 RDGCs. Shares in IDGC Holding are held by more than 330 thousand shareholders. The controlling shareholder is the Government (53.69% as of 31 March 2011).
The operational area of IDGC Holding companies covers a power network of ten voltage types, ranging from 0.4 kV to 220 kV. The total spread of networks of IDGC Holding's operating subsidiaries exceeds 2.1 million kilometers. Russian Grids ranks among the world's largest electric grid companies in terms of network spread and customers.
In 2010, the total power transmission was 591 billion kWh.
Rosseti companies invested 87.023 billion rubles (inclusive of VAT) in the development of electric grid facilities in 2010. In 2011, it is planned to invest about 146 billion rubles in the implementation of the Investment Program.
The main projects under the IDGC Holding consolidated investment program for 2011 are as follows:
It's listed on Moscow Exchange, the main Russian