The investment program of the Moldovagaz company and its affiliates was implemented in 2020, according to updated data, in the amount of 109.68 million lei, which amounted to 88.6% of the originally planned budget.
According to the press service of the enterprise, more than 71.7 million lei (excluding VAT) were allocated last year for the construction of new ones, as well as for the reconstruction, modernization and expansion of existing gas networks. At the same time, 19.88 million lei (excluding VAT) was allocated for the renewal of the outdated and extremely worn-out fleet of special vehicles of gas distribution enterprises. About 6.51 million lei (excluding VAT) was spent on devices and equipment, including gas metering, 2.5 million lei (excluding VAT) on computer equipment, as well as other expenses were financed. Moldovagaz notes that last year the country's gas distribution networks were expanded by almost 130 km in 55 settlements. The length of the new gas pipelines was 11.6 km, 42 new cabinet-type gas control points were installed and other work was carried out. Herewith, over 1.6 km of the gas pipeline was reconstructed and taken out of private households, 49 units of special equipment were installed as part of a project to introduce telemetry systems at gas control points, and a transformer substation at a gas compressor station in Vulcanesti was reconstructed. In the case of intangible assets, investments were directed to the acquisition of specialized software licenses, the implementation of the “Personal Account of the Consumer” project, the “Contact Center” information system, and so on. As noted, the group of companies "Moldovagaz" managed to save about 11 million lei (excluding VAT), compared with the figures originally included in the budget of the investment program. This was achieved by selecting the most cost-effective commercial offers during tenders, while maintaining the regulatory quality of the supplied goods and services. At the same time, the budget of the plan for capital repairs of the objects of the Moldovagaz gas system amounted to 58.62 million lei (excluding VAT), with savings of more than 3.2 million lei. The report on the results of investment activities of "Moldovagaz" and dependent companies in 2020 will be sent to the management bodies of the enterprise, as well as to the National Agency for Energy Regulation.// 02.04.2021 — InfoMarket
