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DEK Investment Program approved for three years by the Ministry of Energy - EastRussia | Far East






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The investment program of DEC for three years was approved by the Ministry of Energy

The Ministry of Energy of the Russian Federation published an order approving the investment program of PJSC Far Eastern Energy Company (DEK, part of the holding RAO ES of the East) for 2016-2018 in the amount of 288,6 million rubles

On the website of the Ministry of Energy of Russia The order was published on approval of the investment program of PJSC "Far Eastern Energy Company" on 2016 - 2018 Years in the amount of 288,6 million rubles, while financing of the investment program during the planning period will vary from the minimum in 2017 year in the amount of 77,35 billion rubles to the maximum in 2018 year in the amount of 114,17 billion rubles.

In 2016, it is planned to spend 97,09 million rubles.

In the regions, the largest part of the funds is expected to be sent to the Khabarovsk Territory (69,56 million rubles), the Primorsky Territory (66,21 million rubles) and the Amur Region (55,09 million rubles). The Jewish Autonomous Region will receive the least amount of funds (19,98 million rubles).

DEC works as part of PJSC RAO Energy Systems of the East, the main shareholder of which is PJSC RusHydro. DEK is a guaranteeing supplier and single purchaser of electricity in the second non-price zone, annually acquires about 32 billion kWh of electricity.

According to the list of affiliates for December 31 2015, RusHydro owns 52,07% of PJSC DEK shares (1,04% - direct control, 51,03% - indirect control through RAO ES of the East). Cyprus-based Donalink Ltd., which controls Siberian Coal Energy Company (SUEK), owns 34,08% of DEK shares.