Ural and Volga Interregional Network Company JSC has suggested doubling investments component of electric-power transmission tariff in 2007. The corresponding proposal has been submitted to Russian Federal Tariff Service and to the regional power committees. The money collected through the tariff raising is to be invested into modernization of electric network equipment. To date, the deterioration rate of the equipment run by the company is about 70%.

‘The increase in the investment component is going to yield about 16bn RUR,’ indicated the company’s Chief Financial Officer Dmitry Ryabov.

The share of the investment component in the tariff paid by the end users is rather neglible (about 2-3%), reported PR-department of Ural and Volga Interregional Network Company JSC.