OREANDA-NEWS. August 16, 2007. On August 16, an Extraordinary General Shareholders’ Meeting of JSC OGK-5 took place.

OGK-5’s shareholders approved the Comprehensive Agreement between JSC OGK-5 and the Consortium led by Group E4 for the implementation of the preliminary phase of the project for the construction of a 400-450MW CCGT unit at Nevinnomysskaya GRES, as a related-party transaction.

The shareholders also approved the essential terms and conditions of the EPCM Contract between JSC OGK-5 and the Consortium for the construction of the 400-450MW CCGT unit at Nevinnomysskaya GRES.

The Main Contract price is 9,728 million RUB. The date of completion under the contract is July 25, 2010.

Moreover, the shareholders approved introduction of changes and amendments to the Articles of Association of JSC OGK-5.