On April 29, 2013, the Board of Directors of Joint Stock Company Russian Grids held an absentee meeting.
The Board of Directors approved the following agreements, which are related party transactions:
- the agreement to supervise the construction of facilities specified in the Program of the Construction of Olympic Games Sites and the Development of Sochi as a Mountain Climate Resort approved by Resolution of the Government of the Russian Federation No. 991 of December 29, 2007, which is a related party transaction;
- the agreement to supervise the implementation of the Program to Renew Cable Lines of 6–110 kV in Saint Petersburg in 2011–2013, which is a related party transaction;
- the agreement to supervise the implementation of the Comprehensive Program of Measures to Reduce Above-standard Electricity Losses in Distribution Networks in the North Caucasus in 2011–2013, which is a related party transaction.
The Board of Directors also addressed other issues falling within the competence of the Company’s Board of Directors.
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