In the reporting year, IDGC of the South operated in four regions of the Southern Federal District of Russia — the Rostov, Volgograd, and Astrakhan Regions, and the Republic of Kalmykia.
The total area of IDGC of the South footprint approximates 334 thous. km2, the population is over 8 mn people, varying from 3.65 people per 1 km2 in the Republic of Kalmykia to 41.63 people per 1 km2 in the Rostov Region.
The Company’s HistoryMilestones and dates of the power industry reforms are described in detail on the Company’s corporate website in the section Reform.
The Company was registered on June 28, 2007, based on the decision of the sole founder — JSC RAO UES of Russia (Decree No. 192r of JSC RAO UES of Russia dated June 22, 2007).
Later, the Management Board of JSC RAO UES of Russia, acting as an extraordinary General Meeting of Shareholders of IDGC of the South (Minutes No. 1795pr/6 dated December 25, 2007), as well as General Meetings of Shareholders of five distribution grid companies (DGC): OJSC Astrakhanenergo, OJSC Volgogradenergo, OJSC Kubanenergo, OJSC Rostovenergo, OJSC Kalmenergo resolved to reorganise the companies by merging DGCs to IDGC of the South.
On March 31, 2008, records were made in the Uniform State Register of Legal Entities on winding-up four out of five DGCs affiliated to the Company (OJSC Astrakhanenergo, OJSC Volgogradenergo, OJSC Rostovenergo, and OJSC Kalmenergo).
Since this moment, the Company has been acting as a unified operator.
In relation to OJSC Kubanenergo, the Company acted as the sole executive body until December 1, 2010.
From September 20, 2014 to March 14, 2019 (in accordance with the terms of the agreement on the transfer of powers of the sole executive body of OJSC Donenergo to the Managing Company), the Company acted as the sole executive body with respect to JSC Donenergo.
On June 19, 2015, by the decision of the Annual General Meeting of Shareholders of the Company, the Company was renamed into Interregional Distribution Grid Company of the South, Public Joint Stock Company.
IDGC of the South, which holds a dominant position in the electricity transmission services market in the Southern Federal District, is currently a part of the ROSSETI Group of Companies, one of the largest infrastructure companies in Russia, controlling about 70% of the domestic distribution grid complex in the regions.