OREANDA-NEWS. The Board of Directors took a decision to complete the establishment of OAO "Volzhskaya TGC".

The Board approved the items of business to be considered by shareholder meetings of OAO "Volzhskaya TGC, OAO "Samara Territorial Generation Company", OAO "Saratov Territorial Generation Company", and OAO "Ulyanovsk Territorial Generation Company", relating to their merger with and into OAO "Volzhskaya TGC".

The Board instructed RAO UES representatives to vote at the shareholder meeting of OAO "Volzhskaya TGC" FOR increasing the authorized capital of THE Company and the issuance of 24,677,500,000 additional ordinary shares, RUB1 par value each.

These shares will be exchanged for shares in the companies merging with OAO "Volzhskaya TGC".