OREANDA-NEWS. November 09, 2009. Meeting of the Board of Directors of JSC Irkutskenergo took place in Moscow. The meeting focused on the Company’s activities. The following decisions were made at the end of the meeting:

The Board members took into consideration the information about preparation and execution of the plan of creation of a uniform organisational management structure of JSC Irkutskenergo and JSC Vostsibugol Company (KVSU) and about preparation and execution of activities directed to achievement of synergetic effects in the financial and economic activity of the company. In 2010 it is planned to further improve the organisational structure of management of the executive administration of the Uniform Coal Power Company due to analysis and correcting of business processes in the functional areas: economy and finance, supply and communal services, strategy and development, and human resources management.

The Board members took into consideration the information about the production and economic activities of the Company in the current year. The planned proceeds, on the basis of the 2009 data, will be 38,716m roubles and net income, 3,387m roubles. Besides, it is presumed that due to execution of the programme of reduction of costs and managerial expenses, in 2009 the company will manage to save around 991m roubles.

The Board members took into consideration the information about preparation and passing by JSC Irkutskenergo of the heating season in the autumn and winter of 2009 – 2010. As of 210 October, 2009, the tests were done in all seventeen branches of the company, they received certificates of preparation for the autumn and winter of 2009-2010. Because of the accident at Sayano- Shushenskaya HPS and its inability to continue working, JSC Irkutskenergo increased supply of fuel for passing of the autumn and winter of 2009-2010 by 1,264 thousand tons of coal. In the second half-year of 2009 the company will spend 2,332,645 thousand roubles on execution of repair works. In particular, it will spend 150m roubles on a number of target programmes, including additional activities on safety of buildings and equipment of the HPS, caused by the inability to function of the HPS and planned works on investigation of the accident that took place there. AS a whole, workers are repairing energy equipment of JSC Irkutskenergo under the annual plan. There are no cases of suspension or disruption of the approved repair work schedule.

The Board members took into consideration information about made activities for provision of a reliable work of the heat power generation plant of JSC Baikalsk Pulp and Paper Plant in the autumn and winter. The heat power generation plant underwent check of preparation for the autumn and winter. The certificate of preparation was signed on 18 September, 2009. Power supply of the town of Baikalsk was restored on 16 September, 2009. The company is continuing repair works under the approved action plan. It developped activities on construction of an electric boiler in the town of Baikalsk.