OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" approved the mechanism designed to guarantee the implementation by the investor of the modernization programme of OAO "Eksperimentalnaya TPP".

In order to ensure that the proceeds from the new share issue of OAO "Eksperimentalnaya TPP" are used for their designated purpose and that the company's investment programme is implemented, its shareholders will enter into a shareholders' agreement governed by English law.

OAO "Eksperimentalnaya TPP" was established in 2001 on the basis of the Nesvetay TPP. The project sought to create an efficient energy enterprise having the facilities needed to implement new technologies for burning solid fuel and subsequent waste treatment.