OREANDA-NEWS. October 15, 2007. The TGC-4 Board of directors at its regularly meeting on August 28, 2007 has approved the report of the General Director for the second quarter of 2007 on implementation of investment projects included in the Company’s five year investment program.

Under the schedule, according to the contract, construction work on Yeletskaya TPP (2х (GT 20 MW+KU) +PT-12) and Kaluzhskaya TPP (GT 34,5 MW+KU) are going on, delivery and assembling of equipment on Belgorodskaya TPP (2х (GT34,5+KU) are proceeded.
TGC-4 Board of directors has approved the results of tenders related to the selection of Contractors for implementation of investment projects with the turn-key work “Reconstruction of Voronezhskaya TPP-2 (PGU 123,6 MW)”, “Reconstruction of Kurskaya TPP-4 (PGU 31,5 MW)”, “Reconstruction of the boiler house of the north-western district of Kursk (PGU 123,63 MW)”, “Reconstruction of Livenskaya TPP (GT 34,5 MW+KU)”.

Business - plans on reconstruction of Dyagilevskaya TPP and Novomoskovskaya TPP in a stage “Substantiation of investments” were approved by the Board of directors of the Company.
It has been spent 1. 2 billion rubles for financing of large investment projects for two quarters of 2007. The Board of directors has approved the Spending Plan for investment projects included in the Company’s five year investment for the third quarter 2007 in amount of 2,5 billion rubles.