The FSK (a sate-owned Russian grid company) has escalated investment plans for 2011 by close to 11 percent (reaching $7.3 billion) with the thought of a London listing and ultimately a semi-privatization. The original idea FSK had was to spend $6.6 billion in 2011 to upgrade its network by 2014 requiring even further capital. It plans to accrue this additional money by taking new loans of about 20 billion rubles. It will assess different ways to increase the investment: bank loans, bond placements, etc.
