Geography

Press Release About Decisions Adopted by the Issuer’s Management Bodies

29.04.2013
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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