Far Eastern Generating Company (DGK) is going to increase capital investments in the development and modernization of generating objects in the Far East by 27% to reach 4.7bn rub. against 2013, RAO ES East informed.
3bn rub. will be invested in the modernization and reconstruction; 1.4bn rub. - in the building sector (30%). The perspective program stipulates investments in the volume of 21bn rub. in the realization of the projects by 2019 (67%).
DGK (TIN 1434031363) provides energy transfer to Khabarovsky and Primorsky regions, Amursky reg., Jewish autonomous region and Sakha. It is one of the largest regional generating companies in Russia and major participant of the energy market in the Far East. It covers 5 regions. Along with Far Eastern Distribution Grid Company (DRSK) it is a wholly-owned sub of DEK providing corporate management of DGK and DRSK. The share capital is worth 30.816bn rub. split in 3081634281900 common stocks of 0.01 rub. par.
The 2012 net profit (IAS) gained 114.419mln rub. vs. 14.345bn rub. in losses prior year; revenues added 4.63% to come to 53.79bn rub. from 51.409bn rub.; operating profit gained 3.235bn rub. vs. 12.806bn rub. in losses; pretax profit - 40.517mln rub. vs. 15.44bn rub. in losses.
The IH 2013 net losses (RAS) moved down 4.34 fold to 268.292mln rub. from 1.163bn rub. prior year period; revenues climbed up 2.05% to 29.462bn rub. from 28.871bn rub.; profit from sales - 85.39% to 1.277bn rub. from 688.866mln rub.; pretax losses declined 6.99 fold to 129.341mln rub. from 904.37mln rub.