OREANDA-NEWS. September 3, 2007. OGK-5’s shareholders agreed upon election of a new Board of Directors of JSC OGK-5. It will include: Dmitry Akhanov (Head of the Capital Management Department and Head of the Strategy Department of the Reform Management Centre of RAO UES of Russia), Anatoly Bushin (Director General of JSC OGK-5), Grigory Glazkov (Independent Consultant), Sergei Vasiliev (Head of the Law Department of the Corporate Centre of RAO UES of Russia), Denis Kulikov (Deputy Chief Executive of the Investor Protection Association), Eldar Orudzhev (Deputy Managing Director of Business Unit 1 of RAO UES of Russia), Gerald Rohan (CEO of RGC), Stephane Zweguintzow (Local Representative for Russia for ENEL), Dominique Fache (ENEL’s Country Manager and Chief Operations Officer for Russia and CIS), Giorgio Cimini (General Director of OOO ENEL-ESNenergo), Marcello Bruti (Head of Combined Cycle Plants and Turbogas Department of ENEL).

The Director General of JSC OGK-5, Anatoly Bushin, remarked, “We regard the participation of ENEL’s representatives in managing the company as a new impulse to OGK-5’s development. The modern practices of corporate management, technological innovations, and huge working experience in the free power market represent the real competitive advantages which can be accumulated by our company thanks to participation of the world power industry leader ENEL in our management.”

ENEL’s Country Manager and Chief Operations Officer for Russia and CIS, Dominique Fache, said: “ENEL is looking forward to contributing with its experience, technology and people to the Russian power generation sector and is happy for the appointment of its managers within OGK-5's Board of Directors. The participation of ENEL's representatives within the company marks the beginning of a cooperation which will bring substantial advantages to both ENEL and OGK-5.”

Besides, the shareholders elected a new Internal Audit Commission of JSC OGK-5