MOSCOW, November 15. /TASS/. Rosseti's investment program could total 540 bln rubles ($6.06 bln) by the end of 2023, according to the company's CEO Andrey Ryumin

"The total volume of our investment program will be about 540 bln rubles," he told reporters.

Rosseti's investment volume reached a new high of 435 bln rubles ($4.9 bln) in 2022. According to Ryumin, they will reach a record 1 trillion rubles ($11.22 bln) in 2023-2024, with around 40% going to Siberia and the Far East.

Rosseti is one of the world's largest electric grid companies. There are 43 subsidiaries and affiliates in the group, including 16 distribution grid companies.