Bashkir Power Grid Company (BPGC) is one of Russia’s leading power grid operators. The company’s assets comprise distribution and transmission assets located in Bashkortostan.
BPGC ranks among Russia's 10 largest power grid operators by transmission capacity, and is one of the leading territorial grid operators (TGOs) that make up Russia's inter-regional distribution grid companies (IDGCs) by total length of power lines and number of substations, transformer and distribution substations. BPGC's priorities include consolidation of power grid assets in Bashkortostan.
In 2013 Bashkirenergo (a subsidiary of BPGC) became the first energy company in Russia to switch to 10-year regulatory asset base (RAB) regulation. RAB-based regulation has a number of advantages for the company, consumers and for Bashkortostan, including stimulation of cost-cutting, major investments combined with moderate tariffs, the opportunity for grid operators to make long-term development plans, and improving services and predictability of power supply tariffs, which is important for consumers.
In 2015 BPGC’s revenue increased to RUB 14.8 bln, with an OIBDA margin of 29%. Successful implementation of the investment programme and accelerated connection to the distribution grids allowed BPGC to increase the number of new connections.
The company's investment strategy focuses on increasing BPGC's market share in Bashkortostan by acquiring assets of territorial grid operators and expanding and modernising existing grid infrastructure.
For information about the financial results of Bashkir Power Grid Company (BPGC) please refer here