IDGC of Centre`s Shares Included in the MICEX PWR Index Calculation Base
Released on: October 9, 2008, 6:10 am
Press Release Author: IDGC of Centre
Industry: Energy
Press Release Summary: MICEX Stock Exchange held a quarterly review of the MICEX PWR index calculation base, according to which IDGC of Centre's shares were added to it beginning from 25 October 2008.
Press Release Body: MICEX Stock Exchange held a quarterly review of the MICEX PWR index calculation base, following the results of which IDGC of Centre's shares were added to it beginning from 25 October 2008. The updated calculation base will be valid from 27 October 2008 to 23 January 2009. "Inclusion of the company's shares in the index calculation proves high liquidity of its securities and investors' taking great interest in the company," said Konstantin Kotikov, the Deputy General Director for Corporate Governance. MICEX PWR Index is a generally recognized indicator of the behavior of Russian power companies' shares. The index calculation includes the shares of those companies, the primary business of which is connected with generation, transmission, distribution and sales of the electric power. About us: "Interregional Distribution Grid Company of Centre", Joint-Stock Company was registered on December 17, 2004. The capital stock of IDGC of Centre, JSC as of March 31, 2008, equals RUR 4, 221, 794, 146.80. IDGC of Centre, JSC includes the following branches: Belgorodenergo, Bryanskenergo, Voronezhenergo, Kurskenergo, Kostromaenergo, Lipetskenergo, Tverenergo, Smolenskenergo, Orelenergo, Tambovenergo and Yarenergo. The Company Director-General is Evgeny Fedorovich Makarov. The total length of transmission lines accounts for 365,769.7 km. Main achievements: certificate of conformity of the Quality Management System with the requirements of ISO 9001:2000, certificate for receiving the rating of corporate governance 6+ under the scale of the National Rating of Corporate Governance. "Developed Corporate Governance Practice" National Rating Agency gave a rating of credit solvency to IDGC of Centre, JSC on level A - high credit solvency, the 2nd level. IDGC of Centre, JSC successfully passed certification audit for reception of the degree of conformity with the second level of technological maturity in the field of project management (IPMA). It became a corporate member of SOVNET Russian Project Management Association forming a part in the International Project Management Association (IPMA) (Zurich, Switzerland). In 2008 - Business Process Excellence Award 2008 in the Bussiness Perfomance Improvement nomination.
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