OJSC Kubanenergo
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Construction and reconstruction of Olympic Venues

In 2014, power facilities required for winter Olympic Games 2014 in Sochi hold a special place in the infrastructure retrofitted and expanded by OJSC Kubanenergo.

In 2009–2013 active construction and reconstruction of Olympic Venues were aimed at timely putting into operation and reliable and uninterrupted functioning in the future. As of the end of 2013 all positive conclusions of the State Expertise, permits for construction with modified technical parameters of facilities, permits for commissioning of facilities, conclusions of the State Construction Supervision on compliance of completed facilities with design documents concerning Olympic Venues were obtained. In addition, certificates of clearance for operation of the Federal Environmental, Industrial and Nuclear Supervision Service were obtained on the basis of which the facilities were energized.

In 2014 property right registration of the completed facilities was carried out, certificates of acceptance of the completed construction facility (KS-14) for all Olympic Venues were executed.

The approved Investment Program 2014 of OJSC Kubanenergo did not provide for construction and reconstruction of Olympic Venues, for which reason actual commissioning of facilities far exceeded the planned scope.

Main funding sources for construction and reconstruction of Olympic Venues are the funds raised from additional shares issued by the Company, with the greater part provided by the federal budget.

Results of Implementation of the Investment Program for Olympic Venues Construction in 2014

Capital Investments

Deployment of Fixed Assets

Financing

Installed power capacities

RUB mln, excluding VAT

RUB mln, excluding VAT

RUB mln, including VAT

MVA

km

6,301.1

19,282.5

4,771.4

374.8

1,106.3

In accordance with the results of implementation of Olympic Venues investment program in 2014, financing of capital investments is RUB 4,771.4 mln with VAT included, as well as the following sources:

Sources of capital investments in Olympic Venues

Actual, RUB mln, including VAT

Total

4,771.4

Funds raised from the issue of additional shares, including:

4,677.3

Federal budget

4,148.7

Other internal funds

94.1

Dynamics of Olympic Venues Construction Investment Parameters in 2012–2014, RUB mln

Динамика инвестиционных параметров строительства олимпийских объектов в 2012–2014 гг., млн руб.

Structure of Capital Investments in Olympic Venues, RUB mln, including VAT

Actual 2012

Actual 2013

Actual 2014

Technical re-equipment and reconstruction

5,428

5,588

4,341

New construction

937

412

430

Total

6,365

6,000

4,771

Main areas of financing of OJSC Kubanenergo Olympic construction program 2014 are capital investments in technical re-equipment and reconstruction (91% of the total investments).

The following Olympic Venues Were Incorporated into Fixed Assets in the Reporting Year

Facility

Capital investments, RUB mln, excluding VAT

Deployment of fixed assets, RUB mln, excluding VAT

RUB mln, including VAT

Installed power capacities

km

MVA

Overhead lines (110 kV) from Psou SS to Adler SS, from Adler SS to Kudepsta SS, from Kudepsta SS to Khosta SS (design, survey, reconstruction)

700.2

1,972.9

765.0

46.9

 

Overhead lines (110 kV) to deliver power from Sochinskaya TPS to Matsesta SS, from Matsesta SS to Khosta SS, from Khosta SS to Krasnopolyanskaya HPP, from Krasnopolyanskaya HPP to Sochinskaya TPS (design, survey, reconstruction)

148.98

618.5

197.6

54.0

 

Double circuit overhead lines (110 kV) from Shepsi SS to Dagomys SS (design, survey, reconstruction)

1,196.0

3,340.4

1082.9

135.9

 

Overhead lines (110 kV) to deliver power from Sochinskaya TPS to Vereshchaginskaya SS, from Vereshchaginskaya SS to Dagomys SS (design, survey, reconstruction)

474.8

2,364.3

505.1

34.4

 

Overhead lines (110 kV) from Psou SS to Yuzhnaya SS, from Yuzhnaya SS to Adler SS (design, survey, reconstruction)

71.7

652.1

96.3

11.6

 

City power distribution grid (design and survey, reconstruction, construction). Construction and reconstruction of Krasnopolyanskiy PGDA 0,4-10 kV distribution grid.

59.9

330.0

104.4

80.5

16.2

City power distribution grid (design and survey, reconstruction, construction). Construction and reconstruction of Adler PGDA 0,4-10 kV distribution grid.

722.8

1,429.8

342.5

248.4

86.0

City power distribution grid (design and survey, reconstruction, construction). Construction and reconstruction of Khosta PGDA 0,4-10 kV distribution grid.

250.2

430.1

228.5

78.2

19.3

City power distribution grid (design and survey, reconstruction, construction). Construction and reconstruction of Sochinskiy PGDA 0,4-10 kV distribution grid (area from 110 kV Vereshchaginskaya SS to new 110 kV Bocharov Ruchey SS).

1,185.2

2,655.4

736.1

268.9

195.2

City power distribution grid (design and survey, reconstruction, construction). Construction and reconstruction of Sochinskiy PGDA 0,4-10 kV distribution grid (area from 110 kV Khosta SS to 110 kV Vereshchaginskaya SS).

632.2

860.5

142.4

108.7

58.1

Cabling and overhead lines (110 kV) for power output from Sochinskaya TPS to Sochi SS (design and survey, construction)       

1.6

604.4

15.5

12.5

 

Cabling and overhead lines (110 kV) for power output from Sochinskaya TPS to Khosta SS (design and survey, construction)

544.1

1,889.6

225.0

17.6

 

110 kV Bocharov Ruchey SS with electric transmission lines entries (design and survey, construction)

46.5

133.4

91.9

 

 

110 kV Vereshchaginskaya SS with electric transmission lines entries (design and survey, reconstruction)

19.4

251.4

38.6

 

 

110 kV Bytkha SS with electric transmission lines entries (design and survey, construction)

1.7

97.9

7.4

1.6

 

Production maintenance base for Krasnopolyanskiy power grid area and substations (design and survey, construction)

183.7

428.7

89.8