MRSK Urala’s investment program shrinks 20%

March 19, 2015. MRSK Urala’s Board of Directors decided to cut the company’s investment program for this year as well as for the years 2016-2020. According to their data, overall capital investment will shrink by nearly 20% in 2015-2020, from 24.232bn RUR down to 19.417bn RUR (VAT excluded), Finam Investment Company reports.

Capital investment will go down 21%, to 5.49bn RUR, in 2015, by 25.5%, to 4.06bn RUR, in 2016, by 15%, to 4.838bn RUR, in 2017, and by 18%, down to 5.03bn RUR, in 2018. As for the years 2019 and 2020, 5.35bn RUR and 5.438bn RUR will be invested, respectively.

Fixed assets investment will decrease by 18.8% against the original target figures and will amount to 20.485bn RUR (VAT excluded). The financing will drop by 24%, down to 22.972bn RUR.

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