Board meeting of wholesale power generating company to be held on Septermber 12, 2006

11 September 2006 (10:56)

The meeting of the Board of Directors of First Generating Company of the Wholesale Electric Power Market OGK-1 will be held on September 12, 2006. The points on the agenda cover the discussion of the company’s crediting policy report and the procurement activity report. The other points have to do with the preliminary approval of a transaction that could lead to liability whose scale depends on foreign currency.

The voting will be performed in absentia until 6 PM on September 12, 2006.

OGK-1 was registered on March 23, 2005 and, according to the decree of the Russian Government, it includes state district power plants of Perm, Verkhniy Tagil, Nizhnevartovsk, and Urengoi, as well as Kashirskaya and Iriklinskaya power plants. RAO UES of Russia owns 100% of the company’s authorized capital, reports the spokesperson for OGK-1.

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