OREANDA-NEWS. On 17 March 2009 was announced, that during an absentee session on March 6 OGK-1 Board of Directors has approved the list of candidates for the new Board of Directors, which will be elected during the Annual General Shareholders Meeting.

14 candidacies have been proposed by the shareholders for 11 places of the Board of Directors:

1. Mikhail Tuzov – deputy Chairman of the Management Board of JSC "FGC UES"

2. Andrey Demin - deputy Chairman of the Management Board of JSC "FGC UES"

3. Yury Goncharov – acting Head of Corporate governance department of JSC "FGC UES"

4. Vladimir Dobrov – Head of Corporate finances department of JSC "FGC UES"

5. Evgeny Dod – Management Board Chairman of JSC "Inter RAO UES"

6. Anatoly Ballo – deputy Chairman of JSC "Vnesheconombank"

7. Vladimir Khlebnikov – OGK-1 Chief Executive Officer

8. Nikolay Shulgin – deputy Chairman of the Management Board of JSC "SO UES"

9. Boris Kovalchuk – Independent Director

10. Sergey Yushin – Management Board member, Economics and Finance Executive director of JSC "RusHydro"

11. Sergey Terebulin – Head of Corporate finances department of JSC "RusHydro"

12. Yulia Smirnova - Head of corporate governance department of JSC "RusHydro"

13. Dmitriy Shtykov – Chief Executive Officer of the Fund "Institute of professional directors"

14. Vadim Belyaev - Chief Executive Officer of FC "Otkrytie" Ltd.

OGK-1 annual general shareholders meeting is planned on June, 2009. All issues, concerning the annual shareholders meeting, the Board of directors will consider before May 6, 2009.

The Board of Directors has also approved the State corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" as a bank to provide a special mode account services. Another special mode account was opened in Joint Stock Commercial Bank "Bank of Moscow" (JSC) in 2007. These accounts are used to control the payments to finance the investment program.