OREANDA-NEWS. On 11 March 2009 was announced, that the meeting of JSC "Irkutsk Electric Networks" Board of Directors was held in Moscow, which was devoted to the issues of the Company activities. Following the results of the meeting, the following decisions were made:

- The decision to create the Committee for Technological Connection to Electric Grids was taken at the Board of Directors meeting of Joint-Stock Company "Irkutsk Electric Networks"; the Regulations for Committee were approved; the following personal structure of the Committee was defined: Boris Matveyevich Rozenrauh, Director for Strategy of "Irkutsk" branch of LLC Eurosibenergo; Evgeniy Anatolievich Novikov, Director for Energy Production - Chief Engineer of JSC Irkutskenergo ; Mikhail Mikhailovich Kulikov, Director for Strategic Planning and Investments of LLC Eurosibenergo;  Georgy Tedaozovich Gogoladze, Leading Adviser of the Electric Power Industry Development Division of the Tariffs State Regulation Department, Infrastructural Reforms and Power Efficiency of the Ministry of Economic Development and Trade of Russia; Khasan Mushtaevich Likhov, Adviser of the Division of Department of Ministry for Power Industry.

- The action plan on reorganization of the "Irkutsk Electric Grid Company" Limited Liability Company and Joint-Stock Company "Irkutsk Electric Networks" was approved. Reorganization of the companies will be carried out in 2 stages. The 1st stage will be a transformation of IGC ltd. into the open joint-stock company. The 2nd stage will be merging of JSC "Irkutsk Electric Networks" with it. The purpose of reorganization is elimination of a two-level control system of IGC ltd. existing now.

- The list of the questions which are subject to consideration at the meetings of the Board of Directors of JSC "Irkutsk Electric Networks" for 2009 (before the annual general shareholders meeting of JSC "Irkutsk Electric Networks" to held in 2009) was approved. The list contains basically questions of the current economic activities of IGC ltd. The report on results of execution of IGC ltd. business plan is planned to be approved by the JSC "Irkutsk Electric Networks" Board of Directors in April 2009.

- The Board of Directors listened to and took into consideration the information on the course of realization of the investment project on construction of Objects of External Electric Power Supply of the 500 kV Support Substation for reception of the capacity of Boguchansk HPS and development of Taishet industrial unit.