OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" noted the draft investment programme of RAO "UES of Russia" for 2008 and the five-year investment programme of the RAO UES Holding.

The Board of Directors charged the Management Board with submitting these documents to the relevant ministries and government agencies, taking into account their filing requirements.

The Board of Directors also instructed the Management Board to submit to the Russian Government a comprehensive programme for the development of the electricity system in the Kaliningrad Region, taking into account the refusal received from OOO "Mezhregiongas" to confirm the feasibility of supply of the amount of natural gas needed for the operation of the second power unit at the Kaliningradskaya CHPP-2.

The Company's investment programme for 2008 contains, in addition to the approval of the construction of power unit 2 at the Kaliningradskaya CHPP-2, two more investment projects, viz. completion of the first power unit and construction of the second unit at the Ivanovskaya TPP ("Ivanovskie PGU project") and continued implementation of the Mobile GTPPs Project in the Moscow Energy System.