July 1, the general director of OAO IDC Holding Nikolai Shvets met with Deputy Prime Minister Igor Sechin of Russia and Energy Minister Sergei Shmatko. The meeting discussed issues related to financing the activities of the holding, renewal of equipment, reduce costs and attract investors in the distribution-network accommodation Russia.

According to Nikolai Shvets, the main issue, the decision which is currently being sent to the efforts of executive staff IDC Holding is the question of financing the activities of the holding. Currently being different means of financing the company, and one of them - so the dividends of subsidiaries.

Given the fact that the system in terms of the technical state of a very old, the wear rate reaches 70-80%, to reach a stable dividends will soon be difficult, - said Shvets. Moreover, he said, almost 50% of the dividends will be sent for payment to minority shareholders.

Another possible source of funding for activities IDC Holding - this is the disposition of the property, get on the separation balance sheet, with the reorganization of RAO UES of Russia . However, due to the current market situation today is not the best time to implement this property, stressed Nikolai Shvets. According to him, the company plans on the basis of existing assets and pursue the deployment of investment projects in order to increase its value.

Also, according to Director General of the holding company, is preparing a version of the accession of one of the subsidiaries of interregional distribution companies holding company that through its operating activities to ensure the work of the executive apparatus of the management company. To do this, as stressed Nikolai Shvets, must obtain the approval of minority shareholders.

Another option, he said, would be to transfer IDC Holding functions of the sole governing body of IDC. In this case, also requires the consent of minority shareholders.

In addition, the Ministry of Energy agreed to a strategic decision for companies, as IDC translated to a single event in 2011.

It is equally important issue is the holding company for the issue related to the renovation of equipment. In order to upgrade, will require significant resources. We do not expect that it will only budgetary funds, and seek to bring the resources of investors, - stressed the General Director of IDC Holding.
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