OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" approved by absentee vote the resolution to set up the Investments Commission under the Board of Directors and the Regulation governing the Commission's activities, and appointed Commission members.

Mikhail Abyzov, Board Chairman of OOO "RUKOM", was appointed Commission Chairman.

The Commission is intended to improve the efficiency of RAO UES investment policy. To that end, the Commission will review all investment projects of the Parent Company and its subsidiaries and dependent companies before submission for Board approval. The Commission will also monitor implementation of the companies' investment projects.

One of the Commission's functions will be drafting proposals and recommendations to the Board of Directors of RAO "UES of Russia" designed to improve the internal policies and the governmental regulatory framework relating to the investment process in the electricity industry.