OREANDA-NEWS. On August 19, 2009 JSC FGC UES announced its H1 2009 results, according to Russian Accounting Standards (RAS)*, the press-centre of JSC FGC UES reported .

The gross revenue of JSC FGC UES in H1 2009 was 41.2bn roubles, according to RAS, a 7.7bn rouble increase or 22.8% compared to H1 2008.  This was mainly due to a 20.7% growth in electricity transmission tariffs, with an average monthly tariff of 58,159.01 roubles/MW, compared to 48,170.26 roubles/MW in H1 2008.

Growth in revenue from [electricity] sales amounted to 4.8bn roubles compared to the same period last year. This is due to the growing share of an investment-earmarked add-ons included in the electricity transmission tariff in 2009, as well as the implementation of a tighter cost control programme.

The full RAS H1 2009 accounts can be found on the corporate website:  http://www.fsk-ees.ru/investors_finance_rfrs.html

* These RAS H1 2009 results do not reflect the performance of JSC FGC UES subsidiaries and affiliated companies, which conduct their business activity as independent legal entities. Results of JSC FGC UES subsidiaries and affiliated companies will be incorporated in the consolidated H1 2009 IFRS results of the Company.