OREANDA-NEWS. On 07 July 2008 was announced, that an internal meeting of the Board of Directors took place in IDGC of Centre, JSC. One of the most important issues on the agenda was the problem of the business plan approval.

Deputy General Director for economy and finance Evgeny Bronnikov noted that the 2008 business plan of IDGC of Centre, JSC was formed according to the established key indicators of efficiency for IDGC as an operating company, with the account of consolidation within IDGC of subordinated DGC since March 31, 2008.

The business plan of IDGC of Centre, JSC contains the following main indicators of the company's activity efficiency: return on equity capital (ROE) under the plan should equal 5.79 %. As compared to the 2007 results, ROE equalled 5.20 %. Electric power losses to supply in the network should not exceed 9.6 %. Under the business plan: EBITDA Ї 7,741. 9 million roubles, net assets Ї 41 ,057. 6 million roubles, net profit Ї 2, 271. 1 million roubles. Compared to 2007, total net assets of the company equalled 39, 086 million roubles, EBITDA (for 31.03.2008) Ї 6, 600 million roubles.

The 2008 business plan of IDGC of Centre, JSC was approved.

Concerning the issue "On election of the Chairman of the Company's Board of Directors", all members of the Board voted again for Andrey Aleksandrovich Dyomin.

Andrey Dyomin was elected for the first time to the company's Board of Directors in 2004. To date he is the Deputy Chairman of the Management Board, JSC "UES FGC".

Pavel Ivanovich Okley was elected as the Deputy Chairman of the Company's Board of Directors.  Olga Ivanovna Dubova was elected as Corporate Secretary.

The meeting also approved the personal structure of the Committee for Audit. It includes:

Head of the Department of Finance, Assets and Capitalisation of IDGC Centre, JSC "UES FGC"  Denis Stanislavovich Kolyago;

Manager of the management of finance, assets and capitalisation of IDGC Management  Centre, JSC  "UES FGC" Rustem Faritovich Gabidullin;

Member of the Management Board of IDGC of Centre, JSC , Deputy General Director for economy and  finance of  IDGC of Centre, JSC  Evgeny Alekseevich Bronnikov;

Head of the Department of Internal Control and  analysis of IDGC of Centre, JSC   Vadim Evgenievich Bunin;

Head of Economic Department of JSC "Power Union Investment Holding" Inna Olegovna Bartenieva;

Adviser of the Director for power industry of JSC  "Novolipetsk Steel"   Alevtina Aleksandrovna Repina;

Vice-President of Halcyon International Aleksey Vitalievich Klaptsov.

Denis Kolyago was elected as the Chairman of the Committee.

The meeting also approved the structure of the Committee on personnel and remuneration: Head of IDGC Management Centre, JSC "UES FGC" Aleksey Valerievich Kurochkin;

Head of the Department of Organizational Designing and Work with  Personnel, IDGC Management Centre, JSC "UES FGC"  Natalia Ilinishna Erpsher;

Member of the Management Board of IDGC of Centre, JSC , First Deputy General director of IDGC of Centre, JSC   Anatoly Kuzmich Merzlyakov;

Member of the Management Board of IDGC of Centre, JSC , Director for organizational development of IDGC of Centre, JSC   Dmitry Nikolaevich Alyoshin;

Member of the Management Board of IDGC of Centre, JSC , Deputy General Director for  corporate governance of IDGC of Centre, JSC  Konstantin Viktorovich Kotikov;

Head of the Department on  Corporate Governance and Economic Development of "Power Union Investment Holding" Aleksandr Vladimirovich Zemskov;

Director for  power industry of  JSC "Novolipetsk Steel" Aleksandr Grigorievich Starchenko.

Aleksey Valerievich Kurochkin was elected as Chairman of the Committee for Personnel and  Remuneration of the Board of Directors. The Strategy Committee  includes nine people:

First Deputy Head of IDGC Management Centre, JSC  "UES FGC" for economy and  finance  Aleksey Viktorovich Lisitsin;

Head of the Department of Reforming and Regulatory Support, IDGC Management Centre, JSC  "UES FGC"  Arman Mushegovich Airapetyan;

Member of the Management Board, IDGC of Centre, JSC , Deputy General Director for economy and  finance of IDGC of Centre, JSC  Evgeny Alekseevich Bronnikov;

Member of  the Management Board, IDGC of Centre, JSC , Deputy General Director of IDGC of Centre, JSC  for capital construction  Vladislav Lvovich Nazin;

Member of  the Management Board, IDGC of Centre, JSC , Deputy General Director for IT  and management technologies, IDGC of Centre, JSC   Pavel Andreevich Obukhov;

Deputy Director of Representation Office of "Prosperity Capital Management" (Russian Federation) Roman Alekseevich Filkin;

Head of the Department of Power Policy, JSC  "Novolipetsk Steel"  Sergey Vladimirovich Chebotaryov;

Head of the Department of Corporate Governance and Economic Development, "Power Union Investment Holding Aleksandr Vladimirovich Zemskov;

Vice-President of 'Halcyon International" Aleksey Vitalievich Klaptsov.

Aleksey Valerievich Lisitsin was elected as the Chairman of the Strategy and Development Committee.