OREANDA-NEWS. On 14 May 2009 was announced, that JSC Irkutskenergo Board of Directors meeting was held which was devoted to consideration of issues of the Company activities. Based on the results of voting, the following decisions were made:

- The report of General Director and Management Board of JSC Irkutskenergo on execution of the Company business plan for 2008 was approved. The annual report of Irkutsk Joint Stock Company of Energetics and Electrification (JSC Irkutskenergo) for 2008 and the annual accounting reports, profit and loss statement (accounts of profit and loss) following the results of 2008 which were submitted for approval at the Annual General Meeting of Shareholders, were preliminarily approved. According to the documents presented, in 2008 the power stations of the company generated 60.21 billion kWh that 3% exceeds the 2007 indicator; thus generation at HPS was 44.15 billion kWh; generation at thermal stations was 16.06 billion kWh. Production of heat grew by 3.97% in comparison with the last year and reached 26.02 million GCal. Earnings from selling of main products in 2008 were 32.27 billion RURles that 17% exceeded the 2007 indicator.

- The decision to call the Annual General Meeting of Shareholders of JSC Irkutskenergo in the form of a meeting (joint presence of shareholders) with the following agenda was taken: 1. Approval of the annual report of JSC Irkutskenergo. 2. Approval of the annual accounting reports, including profit and loss statement (accounts of profit and loss) of JSC Irkutskenergo. 3. Distribution of profit of JSC Irkutskenergo and approval of amount, term and form of payment of annual dividends of JSC Irkutskenergo following the results of 2008.4. Election of members of the Board of Directors of JSC Irkutskenergo. 5. Election of members of the Auditing Committee of JSC Irkutskenergo. 6. Approval of the auditor of JSC Irkutskenergo. 7. Approval of the Charter of JSC Irkutskenergo in a new wording. 8. Approval of the Regulations for the General Shareholder Meeting of JSC Irkutskenergo in a new wording. 9. Approval of the Regulations for the Board of Directors of JSC Irkutskenergo in a new wording. 10. Approval of the Regulations for the Management Board of JSC Irkutskenergo in a new wording. Date, time and place of carrying out of the Annual General Meeting of Shareholders were defined; it takes place: on 19 June 2009 at 12.00., in Irkutsk city, 279 Baikalskaya Street, Baikal Business Center.

- It is recommended to the Annual General Meeting of Shareholders that they should approve the proposed distribution of profit of JSC Irkutskenergo following the results of 2008: to the investment activity - RUR 543,916 thousand (including for industrial purposes - RUR 516,916 thousand; non-industrial purposes - RUR 27,000 thousand); to the regional social actions - RUR 125,000 thousand; to the replenishment of working assets - RUR 2,388,970 thousand.

- Following the results of the tender held, it was decided to include a candidate of "FinExpertiza" Limited Liability Company in the bulletin for voting at the Annual General Meeting of Shareholders of Irkutsk Joint Stock Company of Energetics and Electrification (JSC Irkutskenergo) on the item "Approval of the Auditor of Irkutsk Joint Stock Company of Energetics and Electrification (JSC Irkutskenergo).

JSC Irkutskenergo is the largest power company in Siberia and one of the largest power companies in Russia, including thermal and hydroelectric power stations, and thermal networks. The installed capacity of power stations of the company is 12.9 GW, including hydroelectric power stations (more than 9 GW). The State owns a 40% share holding. A large share holding of the company is managed by the largest