OREANDA-NEWS. JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on November 20, 2014.

The Board of Directors approved a long-term development program of RusHydro Group.

The program is aimed at reliability and safety improvement of the Company's generating facilities, sustainable development of electricity generation and the Company's value growth.

The Company's development objectives include:

Increase in asset value through implementation of comprehensive modernization of operating facilities and development of electricity generation.

Support of the key infrastructure utility systems of the country, their operations and safety.

Enhance the Company's presence in the Far East and Siberia through implementation of infrastructure projects aimed at creation of new and intensive development of the existing growth areas.

Implementation of innovative projects aimed at technological leadership and sustainable development of RusHydro through creating and using innovative solutions and breakthrough technologies.

Expected revenue growth of the Group in 2015-2019 will be achieved by commissioning the additional capacities (after completion of construction) including the Gotsatlinskaya, Nizhne-Bureyskaya HPPs, small HPPs in Kabardino-Balkaria, Stavropolskiy region and Karachaevo-Cherkessia.

One of the key objectives of RusHydro's management is to enhance operational excellence and optimize costs. The Company will continue to improve its labor productivity through optimization of supporting processes, commissioning new capacity and improvement of the Company's management efficiency.

Implementation of a comprehensive modernization program, part of the long-term development program of RusHydro, will result in over 350 MW increase in existing generating capacity by the end of 2019 as compared to the end of 2014.

The Board of Directors approved a standard for review of implementation of the long-term development program of RusHydro Group.

The document has been developed in compliance with the standard suggested by the Federal Agency for State Property Management (Rosimushchestvo). In accordance with the standard, starting from 2016, the implementation of the long-term development program of the Group as well as management's decisions aimed at operational excellence improvement will be reviewed on an annual basis, including optimization of operating processes, capital expenditures and meeting the deadlines for implementation of the activities included in the Program

The Board of Directors approved the amendments to the Regulation on remuneration of members of the Management Board of RusHydro approved by the Board of Directors. The Board of Directors commissioned Mikhail Poluboyarinov, Chairman of the Board, to define terms of the addendum to labor agreement and sign it with Evgeny Dod, Chairman of the Management Board - Director General of RusHydro.

The Board of Directors commissioned Evgeny Dod to make the amendments to labor agreements with the Company's Management Board members in accordance with the amended Regulation on remuneration of the Management Board members of RusHydro and report on an annual basis labor productivity data using the Company's account on the state property management web page.

The amendments to the Regulation are aimed at improvement of labor productivity and responsibility of the Company's management for the long-term development program performance.