OREANDA-NEWS. On 19 January 2009 was announced, that on 16 January 2009, a meeting of the Board of Directors of JSC Irkutsk Electric Networks was held in Irkutsk, which was devoted to the issues of the Company activities. Following the results of the meeting, the following decisions were made:

- Vladimir Mikhailovich Azbukin (Deputy Minister for Power Industry of the Russian Federation) was appointed Chairman of the Board of Directors of JSC "Irkutsk Electric Networks". Ruslan Anatolievich Yakovlev (Director for Legal Issues of EvroSibEnergo Ltd.) was appointed the Deputy Chairman of the Board of Directors of JSC Irkutsk Electric Networks. Alexander Sergeevich Shmagelsky (Director of the Moscow representative office of JSC Irkutskenergo) was appointed the Secretary of the Board of Directors of JSC "Irkutsk Electric Networks").

- The terms of holding by Boris Nikolaevich Karatayev of the office of Director of "Irkutsk Grid Company" Ltd. and the office of the General Director of JSC Irkutsk Electric Networks were coordinated.

- The annual business plan of "Irkutsk Grid Company" Ltd. was approved, which included the budget for 2009. According to the IGC's Business Plan, the fixed funds for a total of RUR 4.1 are planned to be put in operation in 2009 at the expense of the investment program; The sources of financing of the program on development of capital investments and putting in operation of the fixed capital will be the company's own and extra resources.

- The organizational structure of the management of "Irkutsk Grid Company" Ltd. for 2009 was approved. The quantitative structure was determined, and the members of the Management Board of JSC Irkutsk Electric Networks were elected: the General Director of JSC Irkutsk Electric Networks Boris Nikolaevich Karatayev; the Deputy General Director of JSC Irkutsk Electric Networks for Economy and Finance Alexey Yurievich Khvostov; the Chief Accountant of JSC Irkutsk Electric Networks Bakotina Tatyana Ivanovna.

- The decision on issuing securities and the report on results of the securities issue were approved. Ordinary registered uncertificated shares of JSC "Irkutsk Electric Networks" in the number of 4,766,807,700 (four billion seven hundred and sixty-six million eight hundred and seven thousand seven hundred) pieces at a par value of 4 (four) rubles and 45 (forty-five) kopecks each (RUR 4.45) are placed by a distribution of the shares of JSC "Irkutsk Electric Networks" among shareholders of the Irkutsk Joint-Stock Company of Energetics and Electrification in accordance with the procedure established by the decision on the securities issue.

Information: JSC Irkutskenergo is the largest power company in Siberia and one of the largest power companies in Russia, including thermal and hydroelectric power stations, and thermal networks. The installed capacity of power stations of the company is 12.9 GW, including hydroelectric power stations (more than 9 GW). The State owns a 40% share holding. A large share holding of the company is managed by the largest Russian independent power company EvroSibEnergo in interests of En + Group.