Minutes of 01.09.2010 №106

MINUTES No. 106

OF THE BOARD OF DIRECTORS MEETING


Date and time of the Board of Directors meeting

(date and time of vote counting):                                                August 31, 2010, 6.00 p.m.

(Moscow time)

Minutes Dated:                                                                          September 1, 2010

Form of vote:                                                                            absentee vote

Site of vote counting:                                                                 Moscow, Arkhitektora Vlasova Str., 51

Number of elected members of the Board of Directors                   13

Members of the Board of Directors present at meeting:                  S. I. Shmatko,

                                                                                              A. B. Ballo,

                                                                                              S. S. Beloborodov,

                                                                                              E. P. Volkov,

                                                                                              E. V. Dod,

                                                                                              V. M. Zimin,

                                                                                              V. V. Kudryavy,

                                                                                              G. M. Kurtser,

                                                                                              A. B. Malyshev,

                                                                                              M. V. Seliverstova,

                                                                                              R. R. Sharipov


In compliance with the Federal Law on Joint-Stock Companies and the company's Articles of Association the quorum for conducting the Board of Directors Meeting is present.

 

AGENDA OF THE BOARD OF DIRECTORS MEETING:

 

1. Implementation of the company's Business Plan for the first quarter of 2010 (including a report on the Investment Programme implementation for the first quarter of 2010).

2. Report on execution of financing plan and capital investments into facilities falling under the Investment Programme of JSC RusHydro for 2010 and being under construction in the first half of 2010.

3. Approval of the report on execution of key performance indicators of the company for the second quarter of 2010.

4. Procedure for JSC RusHydro's share management owned by JSC Hydroinvest.

5. Participation (change in participation share) of the company in other organisations.

6. Approval of a procedure for JSC RusHydro's interaction with organisations, in which JSC RusHudro is a part of, as amended.

7. Approval of the Provision on disposition procedure for non-core assets of JSC RusHydro as amended.

8. Approval of the Provision on the Audit Committee under the supervision of the Board of Directors as amended.

9. Membership of the company's Management Board.

10. On review of the Report on the company's Management Board's activities for the first half of 2010.

11. Determination of fee for company's auditor services.

12. Revocation of particular decisions made by the company's Board of Directors.

13. Implementation of the Comprehensive Infrastructure Development Programme in UTS Cheremushki.

14. Approval of the company's transactions.

14.1. On approval of interested-party transactions with the members of the Board of Directors.

14.2. Transactions connected with transfer of property without compensation.

 

RESULTS OF VOTING ON AGENDA:

 

Matter 1: Implementation of the company's Business Plan for the first quarter of 2010 (including a report on the Investment Programme implementation for the first quarter of 2010).


Decision:

To take note of the intermediate implementation results of JSC RusHydro's Business plan for 2010 with due account of the first quarter of 2010 (including the Investment Programme implementation report for the first quarter of 2010) (Appendix 1).


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.

Matter 2: Report on execution of financing plan and capital investments into facilities falling under the Investment Programme of JSC RusHydro for 2010 and being under construction in the first half of 2010.


Decision:

To take note of the report on execution of financing plan and capital investments into facilities falling under the Investment Programme of JSC RusHydro for 2010 and being under construction in the first half of 2010 (Appendix 2).


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.

Matter 3: Approval of the report on execution of key performance indicators of the company for the second quarter of 2010.


Decision:

To approve the report on execution of key performance indicators of JSC RusHydro for the second quarter of 2010 (Appendix 3).


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.

 

COMMERCIAL SECRET COPIES No. 1

Matter 4: Procedure for JSC RusHydro's share management owned by JSC Hydroinvest.


Decision:

The text of the resolution contains confidential information.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.



Matter 5: Participation (change in participation share) of the company in other organisations.


Decision:

5.1. To approve participation of JSC RusHydro in open joint-stock company Malye HPPs of Altai (further referred to as JSC Malye HPPs of Altai) by establishing on the following terms:

-  founder is JSC Malye HPPs of Altai: JSC RusHydro (sole founder);

-  authorised capital of JSC Malye HPPs of Altai: 500,000 (five hundred thousand) rubles, divided into 500,000 (five hundred thousand) shares with a nominal value of 1 (one) ruble each;

-  founder's share: 100 %;

-  method of share payment: monetary assets;

-  authorised capital payment procedure: shares of JSC Malye HPPs of Altai are paid during one year from the moment of state registration of JSC Malye HPPs of Altai; at least fifty per cent of shares must be paid within three months from the moment of state registration of JSC Malye HPPs of Altai;

-  location: the town of Gorno-Altaisk.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" -1 (S. S. Beloborodov)

Decision made.


5.2. To approve the participation of JSC RusHydro in open joint-stock company Malye HPPs of Dagestan (JSC MHPP of Dagestan) by means of acquisition of shares of JSC MHPP of Dagestan from New Energy Fund on the following terms:

- category, type, par value of shares: ordinary shares with a nominal value of 1,000 (one thousand) rubles per share;

- amount of the acquired share in the authorised capital of JSC Malye HPPs of Dagestan is 100 per cent of the authorised capital;

- number of acquired shares: 161,500 (one hundred and sixty-one thousand, five hundred) items;

- share acquisition procedure: acquisition of the shares of JSC Malye HPPs of Dagestan under the purchase and sale contract;

- Seller - Fund for development of renewable power sources New energy;

- share acquisition price: 100,757,000 (one hundred million seven hundred and fifty-seven thousand) rubles according to the report No. 27-27B/10-3 dated 11.08.2010 of an independent appraiser LLC EXPERT Consulting Group;

- method of share payment: monetary assets.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" -1 (S. S. Beloborodov)

Decision made.


5.3. To approve participation of JSC RusHydro in the authorised capital of limited liability company Fiagdonskaya Malaya HPP (LLC Fiagdonskaya Malaya HPP) by means of acquisition of shares of LLC Fiagdonskaya Malaya HPP from the New Energy Fund on the following terms:

- amount of the acquired share in the authorised capital of LLC Fiagdonskaya Malaya HPP is 100 per cent;

- nominal value of the acquired share in the authorised capital of LLC Fiagdonskaya Malaya HPP is 63,400,000 (sixty-three million four hundred thousand) rubles;

- procedure for acquisition: acquisition under the purchase and sale contract;

- Seller - Fund for development of renewable power sources New energy;

- share acquisition price: 61,685,000 (sixty-one million, six hundred and eighty-five thousand) rubles according to the report No. 27-27B/10-2 dated 11.08.2010 of an independent appraiser LLC EXPERT Consulting Group;

- form of paying for the acquired share in the authorised capital of LLC Fiagdonskaya Malaya HPP - monetary assets.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" -1 (S. S. Beloborodov)

Decision made.


5.4. To approve participation of JSC RusHydro in the authorised capital of limited liability company Verkhnebalkarskaya Malaya HPP (LLC Verkhnebalkarskaya MHPP) by means of acquisition of shares of LLC Verkhnebalkarskaya MHPP from the New Energy Fund on the following terms:

-  amount of the acquired share in the authorised capital of LLC Verkhnebalkarskaya MHPP is 100 per cent;

-  nominal value of the acquired share in the authorised capital of LLC Verkhnebalkarskaya Malaya HPP is 129,500,000 (one hundred and twenty-nine million five hundred thousand) rubles;

-  procedure for acquisition: acquisition under the purchase and sale contract;

-  Seller - Fund for development of renewable power sources New energy;

-  share price: 117,743,000 (one hundred and seventeen million seven hundred and forty-three thousand) rubles, according to the report No. 27-27B/10-1 dated 11.08.2010 of an independent appraiser LLC EXPERT Consulting Group;

-  form of paying for the acquired share in the authorised capital of LLC Verkhnebalkarskaya MHPP - monetary assets.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" -1 (S. S. Beloborodov)

Decision made.


5.5. To approve participation of JSC RusHydro in the authorised capital of limited liability company Malye HPPs of Karachaevo-Cherkessia (LLC MHPP KChR) by means of acquisition of shares of LLC MHPP KChR from New Energy Fund on the following terms:

- amount of the acquired share in the authorised capital of LLC MHPP KChR is 100 per cent;

- nominal value of the acquired share in the authorised capital of LLC MHPP KChR is 28,200,000 (twenty-eight million two hundred thousand) rubles;

- procedure for acquisition: acquisition under the purchase and sale contract;

- Seller - Fund for development of renewable power sources New energy;

- share price: 28,068,000 (twenty-eight million sixty eight thousand) rubles according to the report
No. 27-27B/10-4 dated 11.08.2010 of an independent appraiser LLC EXPERT Consulting Group;

- form of payment for the acquired share in the authorised capital of LLC MHPP KChR - monetary assets.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" -1 (S. S. Beloborodov)

Decision made.


Matter 6: Approval of a procedure for JSC RusHydro's interaction with organisations, in which JSC RusHudro is a part of, as amended.


Decision:

To approve the Procedure of interaction of JSC RusHydro with organisations in which JSC RusHydro participates in accordance with Appendix 4, as amended.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 7: Approval of the Provision on disposition procedure for non-core assets of JSC RusHydro as amended.


Decision:

7.1. To approve the Provision on the disposition procedure for non-core assets of JSC RusHydro as amended (Appendix 5).

7.2. On the basis of the redrafted Provision on the procedure of disposition of non-core assets of JSC RusHydro, the Chairman of the company's Management Board shall ensure development of a standard provision of the procedure of disposition of marginal assets of the subsidiaries and associates of JSC RusHydro and ensure its approval by the Boards of Directors of the subsidiaries and affiliates of JSC RusHydro by 01.03.2011


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 8: Approval of the Provision on the Audit Committee under the supervision of the Board of Directors as amended.


Decision:

To approve the provision on the Audit Committee under the supervision of the Board of Directors of JSC RusHydro as amended (Appendix 6).


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 9: Membership of the company's Management Board.


Decision:

9.1. To establish membership of the Management Board consisting of 12 individuals.

9.2. To elect Vladimir Avdashevich Kalamanov as a member of the Management Board of the company from 01.09.2010.

9.3. To commit a task to E. V. Dod, Сhairman of the company's Management Board, to determine the terms of the contract with a member of the Management Board and to draw up and sign the documents required for implementation of clause 2 of the present decision in accordance with the labour legislation of the Russian Federation including the order, contract with a member of the Management Board, Vladimir Avdashevich Kalamanov.

9.4. To approve holding of post of a General Director of Autonomous non-commercial organisation International Centre for Stable Energy Development by Vladimir Avdashevich Kalamanov, member of the Management Board.

9.5. In the context of election V.A Kalamanov as a member of the Management Board of the company, to approve the redrafted target-oriented organisational structure of JSC RusHydro, in accordance with Appendix 7.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 10: On review of the Report on the company's Management Board's activities for the first half of 2010.


Decision:

To take note of the Report on the company's Management Board's activities for the first half of 2010 (Appendix 8).


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.

 

Matter 11: Determine service fee for the company's auditor in 2010.


Decision:

11.1. To define the cost of the services of the company's auditor (Closed Joint-Stock Company PriceWaterhouseCoopers Audit) on carrying out an audit of JSC RusHydro in accordance with the Russian standards of the book accounting for 2010 to the sum of 9,500,000 (nine million, five hundred thousand) rubles (VAT excluded).

11.2. The company's Management Board shall ensure conclusion of a contract for auditing JSC RusHydro's financial (accounting) statements in accordance with the Russian standards of book accounting for 2010, with the Company's Auditor, by 01.10.2010.

 

Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 12: Revocation of particular decisions made by the company's Board of Directors.


Decision:

12.1. To revoke the decisions of JSC RusHydro's Management Board in relation to matter 3 On the Hydraulic Power Engineering Control Centre (minutes No. 41 dated 19.11.2007).

12.2. To revoke the decisions of JSC RusHydro's Management Board listed in items 2 and 3 of matter 3 On Hydraulic Power Engineering Control Centre dated 19.11.2007 (minutes No. 44 dated 14.12.2007).

12.3. To instruct the Management Board to develop and ensure implementation of corporate and organisational measures directed at cost-effective disposition of CJSC Tekhnopark Rumyantsevo's assets (in particular, a land property located at the address: Moscow region, Leninsky district, Moscow District, close to Rumyantsevo Estate, plot 3/2 (area 58,713 sq. m., cadastral number 50:21:11 05 04:0280).


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 13: Implementation of the Comprehensive Infrastructure Development Programme in UTS Cheremushki.


Decision:

13.1. To approve the List of Top-Priority Measures of the Programme of Comprehensive Development of the Infrastructure for the Urban-Type Settlement (hereinafter referred to as UTS) Cheremushki, located at the address: Russian Federation, Republic of Khakassia, UTS Cheremushki, to the sum of 268.4 million rubles, which must be completed in 2010 (Appendix 9).

13.2. To approve the Financing Procedure for top-priority measures of the Programme of Comprehensive Development of the Infrastructure of UTS Cheremushki for 2010 (Appendix 10).

13.3. To approve the handover Procedure for the executed works for JSC SSHPP SSC and JSC SShGER in the form of charity (Appendix 10).

13.4. To take note of the General List of Measures recommended for inclusion into the Programme of Comprehensive Development of the Infrastructure of UTS Cheremushki for 2011-2014 (Appendix 11).

13.5. To direct JSC RusHydro's Management Board, taking into consideration clauses 13.1 and 13.4 of the present decision, together with the Government of the Republic of Khakassia to improve the Programme of comprehensive development of the infrastructure of urban-type settlement Cheremushki for 2010-2014 including in it the measures financed by the Government of the Republic of Khakassia, and submit this Programme for consideration of JSC RusHydro's Management Board by 30.11.2010.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 14: Approving the company's transactions:


14.1. On approval of interested-party transactions with the members of the Board of Directors.


Decision:

14.1.1.  To determine that the amount, procedure and terms of payment of remuneration (price of the contracts mentioned in the present decision) for the members of the company's Management Board mentioned in the present decision are determined in accordance with the provision on payment of remuneration to the members of JSC RusHydro's Management Board approved by the annual General Meeting of JSC RusHydro's Shareholders (minutes No. 5 by 30.06.2010). In this case the amount of the remuneration to each member of JSC RusHydro's Board of Directors may not exceed 1,000,000 (one million) rubles.


Voting results:

"For" - 9 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova)

"Against" - 0

"Abstained" - 1 (R. R. Sharipov)

Decision made.


14.1.2. To approve conclusion of an agreement (Appendix 12.1), between a member of the Board of Directors, Anatoly Borisovich Ballo, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 8 (S. I. Shmatko, S. S. Beloborodov, E. P. Volkov, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova)

"Against" - 1 (R. R. Sharipov)

"Abstained" - 0

Decision made.

A member of JSC RusHydro's Board of Directors, A. B. Ballo, recognised as an interested party in the transaction, did not take part in voting.

14.1.3.  To approve conclusion of an agreement (Appendix 12.2), between a member of the Board of Directors, Sergey Sergeevich Beloborodov, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 8 (S. I. Shmatko, A. B. Ballo, E. P. Volkov, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova)

"Against" - 1 (R. R. Sharipov)

"Abstained" - 0

Decision made.

A member of the Board of Directors of JSC RusHydro, S. S. Beloborodov, recognised as an interested party in the transaction, did not take part in voting.


14.1.4. To approve conclusion of an agreement (Appendix 12.3), between a member of the Board of Directors, Eduard Petrovich Volkov, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 8 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova)

"Against" - 1 (R. R. Sharipov)

"Abstained" - 0

Decision made.

A member of the Board of Directors of JSC RusHydro, E. P. Volkov, recognised as an interested party in the transaction, did not take part in voting.


14.1.5. To approve conclusion of an agreement (Appendix 12.4), between a member of the Board of Directors, Grigory Markovich Kurtser, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 8 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, V. M. Zimin, V. V. Kudryavy, A. B. Malyshev, M. V. Seliverstova)

"Against" - 1 (R. R. Sharipov)

"Abstained" - 0

Decision made.

A member of the Board of Directors of JSC RusHydro, G. M. Kurtser, recognised as an interested party in the transaction, did not take part in voting.


14.1.6. To approve conclusion of an agreement (Appendix 12.5), between a member of the Board of Directors, Boris Yuryevich Kovalchuk, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 9 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova)

"Against" - 1 (R. R. Sharipov)

"Abstained" - 0

Decision made.


14.1.7. To approve conclusion of an agreement (Appendix 12.6), between a member of the Board of Directors, Viktor Vasilyevich Kudryavy, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 8 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, V. M. Zimin, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova)

"Against" - 1 (R. R. Sharipov)

"Abstained" - 0

Decision made.

The member of JSC RusHydro's Board of Directors, Mr. V. V. Kudryavy, recognised as an interested party in the transaction, did not take part in voting.


14.1.8. To approve conclusion of an agreement (Appendix 12.7), between a member of the Board of Directors, Andrey Borisovich Malyshev, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 8 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, M. V. Seliverstova)

"Against" - 1 (R. R. Sharipov)

"Abstained" - 0

Decision made.

A member of JSC RusHydro's Board of Directors, A. B. Malyshev, recognised as an interested party in the transaction, did not take part in voting.


14.1.9.  To approve conclusion of an agreement (Appendix 12.8), between a member of the Board of Directors, Rashid Ravelevich Sharipov, and JSC RusHydro, constituting an interested party transaction.


Voting results:

"For" - 9 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova)

"Against" - 0

"Abstained" - 0

Decision made.

А member of JSC RusHydro's Board of Directors, Mr. R. R. Sharipov, recognised as an interested party in the transaction, did not take part in voting.


E. V. Dod, member JSC RusHydro's Board of Directors, being a person acting as the sole executive body of the company and, for that matter, not recognised as an independent director, did not take part in voting on all points of the present matter.


Matter 14.2: Transaction connected with transfer of property without compensation.

 

Decision:

14.2.1.  To approve the conclusion of the Contract of transfer of property without compensation between JSC RusHydro and the State Committee of the Republic of Khakassia for management of the state property, the subject of which is transfer of property (property rights) without compensation to the third parties on the following terms.

Parties to Contract:

Party 1 - JSC RusHydro;

Party 2 - State committee of the Republic of Khakassia for management of the state property.

Subject of Contract:

Party 1 agrees that it shall transfer the following immovable property to the possession of the Republic of Khakassia without compensation, and Party 2 shall receive the immovable property:

Motorway SShHPP - ATK-2, length: 3.0774 km; letter L; inventory number assigned to the item of fixed assets when placing it on the balance sheet: 822, address: Republic of Khakassia, Sayanogorsk, a section of the motorway Sayanogorsk-Cheremushki between kilometers 33.800 and 37.574 (further on referred to as the "Property").

The Property is beneficially owned by JSC RusHydro which is confirmed by a certificate of state registration of right issued by the Administration of the Federal Agency of Official Registration, cadastre and cartography of the Republic of Khakassia on July 7, 2010, series 19 AA number 292970, identification number 19-19-01/044/2010-173 is assigned, about which a record No. 19-19-01/044/2010-173 was made in the Single State Register on 07.07.2010.

Balance (Depreciated Book Value as of 01.07.2010) Cost of the Property:

25,707,967.14 (twenty-five million, seven hundred and seven thousand, nine hundred and sixty-seven) rubles 14 kopecks.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" -1 (S. S. Beloborodov)

Decision made.

 

14.2.2.  To approve the conclusion of the Contract of transfer of property without compensation between JSC RusHydro and Municipal institution, Committee for Management of Municipal Property of Bureyskiy district, the subject of which is the transfer of property (property rights) without compensation to the third parties on the following terms:

Parties to Contract:

Party 1 - JSC RusHydro;

Party 2 - Municipal institution, Committee for Management of Municipal Property of Bureyskiy district in the person of the Chairman of Committee for Management of the Municipal Property of Bureyskiy district.

Subject of Contract:

Party 1 shall transfer without compensation and Party 2 shall accept in accordance with the terms of this Contract- the immovable property: Waste water treatment plants with a capacity of 60 cub. m./day, purpose: facility under construction, total building area is 64.7 sq. m., degree of completion 79 per cent, inventory number 10:215:002:007054610:0100:00000, address: Amur region, Bureyskiy district, Talakan, Certificate of State Registration of Right No. 28AA 248942 of 06.11.2008 and the movable property according to Appendix 13 to the present decision (further on referred to as the Property).

Balance (Depreciated) Cost of the Property:

15,614,346.57 (fifteen million, six hundred and fourteen thousand, three hundred and forty-six) rubles 57 kopecks.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


14.2.3.  To approve the conclusion of the Contract of transfer of property without compensation between JSC RusHydro and Municipal institution, Committee for Management of Municipal Property of Bureyskiy district, the subject of which is the transfer of property (property rights) without compensation to the third parties on the following terms:

Parties to Contract:

Party 1 - JSC RusHydro;

Party 2 - Municipal institution, Committee for Management of Municipal Property of Bureyskiy district in the person of the Chairman of Committee for Management of the Municipal Property of Bureyskiy district.

Subject of Contract:

Party 1 shall transfer without compensation and Party 2 shall accept in accordance with the terms of this Contract the immovable property: water intake facility, purpose: facility under construction, total building area is 281.7 sq. m., degree of completion 80 per cent, inventory number 10:215:002:00711690, address: Amur region, Bureyskiy district, Novobureyskiy, Perevalbaza, Certificate of State Registration of Right No. 28AА 248898 of 27.10.2008 and movable property according to Appendix 13 to the present decision (further on referred to as the Property).

Balance (Depreciated) Cost of the Property:

44,366,524.29 (forty-four million, three hundred and sixty-six thousand, five hundred and twenty-four) rubles 29 kopecks.

 

Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


14.2.4.  To approve conclusion of the Contract of transfer of property without compensation between JSC RusHydro and Municipal Educational Institution of Supplementary Vocational Education (advanced training) of Specialists, Training Centre of Balakovskiy Municipal District, the subject of which is transfer of property (property rights) without compensation to the third parties on the following terms:

Parties to Contract:

Party 1 - JSC RusHydro;

Party 2 - Municipal Educational Institution of Supplementary Vocational Education (advanced training) of Specialists, Training centre of Balakovskiy Municipal District in the person of the director of Municipal educational institution of supplementary vocational education (advanced training) of specialists, Training centre of Balakovskiy Municipality.

Subject of Contract:

Party 1 agrees that it shall transfer the following immovable property without compensation, and Party 2 shall receive the immovable property according to Appendix 13 to the present decision.

Balance (Depreciated) Cost of the Property:

0 (zero) rubles 00 kopecks.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


14.2.5.  To approve conclusion of the Contract of transfer of property without compensation between JSC RusHydro and Municipal educational institution of supplementary education of children, Children's and Youth Sports-Technical School ROSTO, the subject of which is transfer of property (property rights) without compensation to the third parties on the following terms:

Parties to Contract:

Party 1 - JSC RusHydro;

Party 2 - Municipal educational institution of supplementary education of children, Children's and Youth Sports-Technical School ROSTO in the person of Director of Municipal educational institution of supplementary education of children, Children's and Youth Sports-Technical School ROSTO.

Subject of Contract:

Party 1 agrees that it shall transfer the following immovable property without compensation, and Party 2 shall receive the immovable property according to Appendix 13 to the present decision.

Balance (Depreciated) Cost of the Property:

0 (zero) rubles 00 kopecks.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


14.2.6. To approve the Contract for the transfer of property without compensation between JSC RusHydro and Municipal General Education Institution Secondary School No. 15 of Balakovo of the Saratov Region, the subject of which is transfer of property (property rights) without compensation to the third parties on the following terms:

Parties to Contract:

Party 1 - JSC RusHydro;

Party 2 - Municipal General Education Institution Secondary School No. 15 of Balakovo of the Saratov Region in the person of the director of Municipal General Education Institution Secondary School No. 15 of Balakovo of the Saratov Region.

Subject of Contract:

Party 1 agrees that it shall transfer the following immovable property without compensation, and Party 2 shall receive the immovable property according to Appendix 13 to the present decision.

Balance (Depreciated) Cost of the Property:

0 (zero) rubles 00 kopecks.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


14.2.7.  To approve the Contract of transfer of property without compensation between JSC RusHydro and State Health Care Institution Balakovskiy TB Dispensary, the subject of which is the transfer of property (property rights) without compensation to third parties on the following terms:

Parties to Contract:

Party 1 - JSC RusHydro;

Party 2 - State Health Care Institution Balakovskiy TB Dispensary in the person of the medical director of State Health Care Institution Balakovskiy TB Dispensary.

Subject of Contract:

Party 1 agrees that it shall transfer the following immovable property without compensation, and Party 2 shall receive the immovable property according to Appendix 13 to the present decision.

Balance (Depreciated) Cost of the Property:

0 (zero) rubles 00 kopecks.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, M. V. Seliverstova, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.





Chairman of the Board of Directors                                       S. I. Shmatko


Secretary of the Board of Directors                                       M. M. Davydov

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