OREANDA-NEWS. On 24 February 2009 was announced, that the extended board meeting of the Open Joint Stock Company OGK-2 was held, where the directors of five branch stations of the Company participated.

The Board took into consideration results of financial and economic activity of the Company in 2008 and targets for 2009. According to the results of 2008, the aggregate power production of the Open Joint Stock Company OGK-2 amounted to 49.8 billion kWh which is by 3,8 % more than in 2007. In 2008 the Company allocated 2.1 billion rubles to maintenance programs.

Following the results of the meeting, the Board made the decision to continue optimization of the production program and expenses, to implement measures aimed at the economy of resources and reduction of costs which are not connected with priority tasks of the Company.

"Activity of the Company under current economic conditions, on the one hand, makes us reconsider previous decisions, optimize all management and production processes, and, on the other hand, to continue the performance of our obligations to consumers for reliable and uninterrupted power supply" - said Stanislav Neveinitsyn, the Chairman of Board, General director of OJSC OGK-2.