OREANDA-NEWS  On 08 December was announced, that the Meeting of JSC Irkutskenergo Board of Directors was held in Moscow, which was devoted to the issues of the Company activities. As a result of the meeting, the following decisions were made:

The decision of the Board of Directors of JSC Irkutskenergo On Definition of the Price of Placement of the Securities (Bonds) of Irkutsk Joint Stock Company of Energetics and Electrification was amended: "… the rate of the coupon interest under the bonds shall be defined by carrying out of a competition among potential buyers of the Bonds at the date of the Bonds placement beginning".

-The decision on attraction by JSC Irkutskenergo (the bonds issuer) of money resources with use of the system of refinancing of the Bank of Russia was taken.

-With a view of maintenance of placement and outstanding of bonds of JSC Irkutskenergo, the decision was taken to charge the General Director of JSC Irkutskenergo A.P. Konovalov to carry out all necessary actions for placement and outstanding of bonds stipulated by the decision on the issue and the prospectus for securities, and also the legislation of the Russian Federation, including definition of the date of the beginning of placement and the amount of interest rate (coupon) under bonds.

The perspective investment program of JSC Irkutskenergo and the offer on updating the General Plan of Arrangement of Electric Power Industry Objects was approved.

-The issue on readiness of JSC Irkutskenergo for the autumn and winter period of 2008-2009 was considered. On 31 October 2008, the commission approved by the decision of the governmental commission for safety of electric power supplies (the federal headquarters) confirmed the right of JSC Irkutskenergo to reception of the preparedness certificate for the autumn and winter period 2008/2009.