Kuban Energy Retail Company plans to complete the preparation and approval of the design and estimate documents by 31 December 2015. Prior to 1 July 2015 the company will start the construction of the facilities, which are to be commissioned no later than 31 December 2019.
The project will be financed in several stages. Thus, in 2014 Kuban Energy Retail Company will invest RUB 0.5 billion; in 2015 — RUB 12.5 billion; in 2016 — RUB 15.5 billion; in 2017 — RUB 14.0 billion; and in 2018 — RUB 7.5 billion.
As a result of the implementation of the investment project 2,100 new jobs will be created in Krasnodar Territory.
Kuban Energy Retail Company is part of the TNS energo Group of Companies which includes seven other ‘guaranteeing power suppliers’ operating in the seven Russian regions: Voronezh, Nizhny Novgorod, Tula, Rostov, Yaroslavl, the Republic of Karelia and Mari El.