OREANDA-NEWS. The Board of Directors approved the parameters of the additional share issue of OAO "WGC-3" and instructed RAO UES representatives to vote at the shareholder meeting of OAO "WGC-3" FOR the approval of the relevant resolutions.

At today's meeting, the Board of Directors instructed representatives of RAO "UES of Russia" at the shareholder meeting of OAO "WGC-3" to vote FOR the approval of the maximum number of additional shares that WGC-5 is authorized to issue at 18,000,000 ordinary shares, par value RUB1 each.

The Board of Directors of RAO "UES of Russia" approved the change of the Company's interest in OAO "TGC-5" from 59.72 percent to not less than 37.08 percent.

The additional shares in WGC-3 will be offered to the public for cash. The company will use the proceeds from the share issue to finance its capacity expansion projects at the Cherepetskaya, Kharanorskaya, Yuzhnouralskaya, and Kostromskaya TPPs.