Areas and structure of capital investment | Investment activity | Results of the Company’s activities KubanEnergo: Yearly report 2011

Areas and structure of capital investment

The main area of realisation of the investment programme at Kubananergo in 2011 was capital investment in technical refitting and renovation (60.8% of total capital investment) and new construction of energy facilities (39.1%).

of total investments for 2011 4 542.73 million rubles was invested in capital assets, including:

2 761.751 million rubles in technical refitting and renovation — 91% of the planned volume (the plan being 3 033.471 million rubles);
1 776.864 million rubles in new construction — 104 of the planned volume (the plan being 1 705.521 million rubles);
4.12 million rubles in other investment.

Capital investment structure in 2011, in millions of rubles

Fixed capital formation in 2011

Area of capital investment	Amount, in millions of rubles
Technical refitting and renovation	2 761.7
including on Olympic facilities	605.1
New build	1 776.9
including Olympic facilities	1 321.6
Other (acquisition of fixed assets)	4.1
Total	4 542.7
including Olympic facilities	1 926.6

The largest energy facilities brought into operation in 2011 following renovation

Facility	Renovation work carried out	Amount, in millions of rubles
Sochi 110/6 kilovolt substation in Sochi	Replacing 25 MVA transformers with two 40 MVA transformers (second stage of start up facilities completed)	75.1
Alpiiskaya 110 kilovolt substation in Sochi	Replacing 16 MVA transformer with 25 MVA transformer and installing a second 25 MVA transformer with renovation of a 110 kilovolt outdoor switchgear with 110 kilovolt overhead lines in Sochi	123.8
110 kilovolt power lines adjacent to Vishesteblievskaya 220 kilovolt substation in Vishesteblievskaya village, Temryuk District	Renovation of existing 110 kilovolt power lines and running them to the 220 kilovolt Vishesteblievskaya substation constructed	203.3
Varenikovskaya-Gostagaevskaya 110 kilovolt power line between Varenikovskaya in Krimsk District and Gostagaevskaya village near Anapa	Renovation of 110 kilovolt main power line with replacement of line with larger cross section and installation of multi-sided utility poles	183.1
Anapskaya 110 kilovolt substation in Anapa	Expansion of the substation and installation of a third transformer with a capacity of 25 MVA as part of executing a decision by Krasnodar Region headquarters on electricity supply safety and the programme for preparations for the autumn and winter period 2011-2012.	185.5

The largest energy facilities added to fixed assets in 2011 as new construction

Facility	Short description	Amount, in millions of rubles
Vishnevaya 110/10/10 kilovolt substation in Sochi (Olympic facility)	Brought into operation in 2010 and added to fixed assets after title documents were drawn up on 2011	406.5
Praskoveevka 110/10 kilovolt substation in Gelendzhik	Substation with installation of 10 MVA transformer and 24 kilometre overhead 110 kilovolt power line	133.7
Vishesteblievskaya 110 kilovolt substation in Temryuk District	Tow single circuit 110 kilovolt power lines running for 55.89 kilometres with fibre optic communication channels	268.1

Investment projects begun in 2011

Investment project	Planned year of start of operations
Construction of transmission line approach (110 kilovolt) to transmit capacity from Adler thermal station to existing line from Yuzhnaya substation to Adler substation (Olympic facility)	2013
Renovation of the Gostagaevskaya-Dzhemete and Varenikovskaya village in Krimsk District and Anapa 110 kilovolt power lines	2012
Creating an integrated online monitoring system for safety at Olympic facilities	2012