Minutes of 26.01.2011 №117

MINUTES No. 117

OF THE BOARD OF DIRECTORS MEETING


Date and time of the Board of Directors meeting

(date and time of vote counting):                              January 26, 2011, 6:00 p.m.

                                                                                     (Moscow time)

Minutes Dated:                                                           January 26, 2011

Form of vote:                                                              Absentee vote

Site of vote counting:                                                 Mosсow, 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 (Chairman)

                                                                                A. B. Ballo

                                                                                S. S. Beloborodov

                                                                                E. P. Volkov

                                                                                E. V. Dod

                                                                                V. M. Zimin

                                                                                B. Yu. Kovalchuk

                                                                                V. V. Kudryavy

                                                                                G. M. Kurtser

                                                                                A. B. Malyshev

                                                                                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. Financing innovative development including R&D in order to accelerate the implementation of JSC RusHydro's innovative development programme
for 2011-2015.


RESULTS OF VOTING ON AGENDA:

 

Matter 1: Financing innovative development including R&D in order to accelerate the implementation of JSC RusHydro's innovative development programme for 2011-2015.


Decision:

1.1. In order to accelerate the implementation of JSC RusHydro's innovative development programme for 2011-2015 the company intends to approve planned financing of innovative development including R&D (Appendix 1).

1.2. Amend section 9 of JSC RusHydro's Innovative Development Programme for 2011-2015 approved by the Board of Directors dated 29.12.2010 (minutes No. 116 dated 30.12.2010): Planned financing of innovative development including R&D as amended in accordance with Appendix 1.

1.3. Instruct the company's Management Board:

1.3.1. Submit information about financing sources for innovative development including R&D specified in Appendix 1 for consideration by the Board of Directors of the company before 10.02.2011.

1.3.2. Take into consideration changes to the amount and sources of financing of innovative development including R&D while updating the company's Investment Programme for 2011 and drawing up the company's Investment Programme for 2012-2014.

1.3.3. Prepare and before 10.02.2011 submit for consideration by the company's Board of Directors a list of principal possible competent executors of measures to be taken in accordance with the Innovative Development Programme of JSC RusHydro for 2011-2015 approved by a decision of the Board of Directors dated 29.12.2010 (minutes No. 116 dated 30.12.2010).

1.3.4. Make provision for a technical and technological audit of JSC RusHydro's innovative development programme for 2011-2015 approved by a decision of the Board of Directors dated 29.12.2010 (minutes No. 116 dated 30.12.2010) and submit the results of this technical and technological audit to the Ministry of Energy of the Russian Federation before 30.04.2011.


Voting results:

"For" - 11 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, Е. V. Dod, V. M. Zimin, B. Yu. Kovalchuk, V. V. Kudryavy, G. M. Kurtser, A. B. Malyshev, 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

Your application has been accepted. The answer will be prepared and sent within 20 calendar days. ok