OREANDA-NEWS. July 21, 2009. The Board of Directors took notice of the information on the efficiency of key financial investments made by Gazprom in electric power generation industry based on the 2008 operating results.

The Company's Management Committee was entrusted to organize work aimed at further enhancing the efficiency of financial investments in the electric power sector.

The meeting participants noted that despite the global crisis influence on the profitability of electric power producers, their earnings and capitalization could significantly increase in the long run. This resulted from the Russian Federation Government plans to continue liberalization of the wholesale electric energy market and from the development of Russia's power capacity market under transparent investment return conditions.