In 2012, the OJSC "Development Corporation", newly renamed "Ural Industrial - Ural Polar Corporation", is planning to achieve profits of up to a billion rubles.

This was announced by the General Director of the Corporation, Alexander Beletsky, at a press conference in "Interfax-Urals".

According to Beletsky, the profitability is the result of increased effectiveness of the management decisions made by the new management team.

Mr. Beletsky named the following key areas of implementation in 2012:

- formation of the Northern latitudinal railway, which is connected directly with a plant construction project for the liquefaction of natural gas on the Yamal Peninsula and the entry to the proposed universal port of Sabetta:

- Change in tasks’ implementation strategy in the fields of geology and mining industry;

- Continuation of cooperation with the OJSC "Transneft" in the development of the infrastructure of the pipeline "Zapolyare - Purpe" (including houses, children garden, fire station, landfill for the disposal of industrial waste, and roads) with a total investment of more than 12.5 billion rubles.;

- Implementation of the "Polar Quartz" project:

- Construction of a power plant "Polyarnaya". The financing of the thermal power plant "Polyarnaya" construction will be made through 70% credit and 30% internal funds. The Corporations` share of funding in 2011-2012 is 500 million rubles;

- Implementation of a series of pilot projects in the sphere of energy efficiency in the Urals Federal District, including modernization of boilers in Sverdlovsk and Chelyabinsk regions, with a total budget of more than 600 million rubles.

Additionally, the Corporation intends to enter agricultural market of the Urals Federal District with a construction of a unique enterprise for a deep processing of eggs in the Tyumen region. There isn’t such a production line currently operating in Russia, said the General Director.

Alexander Beletsky, also, didn’t rule out the involvement of the Corporation in bailing out the largest nickel enterprises in the Urals - "Rezhnikel" and "Ufaleynickel".