April 18^th, 2007. At the meeting they made a decision of holding of a special stockholders meeting, approved the report of General Director about company activity in 2006, examined the process of execution of energy audit of generating powers of TGC-9, considered the investment projects.

The Board of Directors made a decision to call the special stockholders meeting of TGC-9 in the form of correspondence voting on May 28. The agenda of the stockholders meeting includes the question about “Increase of the authorized capital stock of the Company by excess share floatation”.

The Board of Directors approved the report of General Director of TGC-9 about production, financing and economical activity for the year 2006.

In 2006 TGC-9 generated 20,1 billion K.W.H. of electric energy that is a little more than the planned figures. Heat energy drawing also exceeded the planned rates and was 43,5 million Gkal.

In 2006 they finished the first stage of forming of company principal structure – on May 1, Perm and Sverdlovsk generating companies were reorganized in the form of affiliation to TGC-9. Finally the principal structure of TGC-9 was formed after affiliation of Komi regional generating company of February 1^st, 2007.

In 2006 TGC-9 invested in development of generating powers and heat networks 1,7 billion RUR. Among the largest realized projects are launching of a turboset at Zakamskaya HPP-5 with power of 29 megawatt in March 2006, completion of works at Chaykovskaya HPP-18, where on January 31^st, 2007 they set in operation a new turbine with power of 50 megawatt.

TGC-9 also carried out work on working out of several large investment projects: construction of Novo-Bereznikovskaya and Novo-Bogoslovskaya HPP, reconstruction of Permskaya HPP-6 and HPP-9, Novo-Sverdlovskaya HPP.

The Board of Directors examined the process of execution of works on Energy audit.

Technical audit of TGC-9 energy assets was carried out by the Finnish energy company Fortum. The aim of the audit was assessment of technical condition, reliability, quality of operation and servicing of energy generating objects and also detection of potential regions, available from the point of view of further development.

On the basis of conclusions, received as a result of assessment of current condition of TGC-9 generating stations, Fortum prepared technical conclusion and recommendations on rise of HPP competitive ability concerning conventional fixed costs, optimization of equipment operating regime, reliability increase, ecological problems. The Board of Directors approved the business-plan on the stage of investment proposal of the project of Permskaya HPP-9 reconstruction, took into account information about investment projects of Novo-Sverdlovskaya HPP expansion, construction of Novo-Bereznikovskaya HPP and Novo-Bogoslovskaya HPP. The Board of Directors considered rational to attract ERS-contractor for realization of the construction project of Novo-Bereznikovskaya HPP.