OREANDA-NEWS. The Board approved the private placement by OAO "Mosenergo" of additional shares to a strategic investor.

The additional share issues by OAO "Mosenergo" will be used to finance several investment projects, including the construction of four combined-cycle units at the CHPP-21 (GRES-21), CHPP-26 (GRES-26), and CHPP-27 (GRES-27).

The Board of Directors of RAO "UES of Russia" instructed RAO UES representatives to vote at the shareholder meeting of OAO "Mosenergo" FOR the approval of the maximum number of additional shares the company is authorized to issue at 11.5 billion shares, par value RUB1 each, and to approve the increase of the charter capital of OAO "Mosenergo" by RUB11.5 billion.