OREANDA-NEWS. August 11, 2010. The Board of Directors of OJSC “Enel OGK-5” which met, approved the following resolutions:

• To terminate the powers of the Director General of Enel OGK-5, Anatoly Y. Kopsov, as of July 31, 2010

• To elect Enrico Viale as Director General of Enel OGK-5 starting from August 01st, 2010.

• To confirm Mr. Dominique Fache as Chairman of Enel OGK-5 Board of Directors

• To appoint Mr. Carlo Tamburi as Deputy Chairman of the Board of Directors of Enel OGK-5

• To elect Mr Victor V. Naboichenko as Secretary of the Board of Directors as well as Corporate Secretary of Enel OGK-5

The Board of Directors thanked Anatoly Kopsov for the significant improvement in the performance of Enel OGK-5 and for the results achieved in maintenance and construction of CCGTs and wished him all the best in his future endeavors. The Board also welcomes Enrico Viale, in his new position and recognition of his long-standing and widely recognized experience in running companies internationally.

The Board of Directors of OJSC “Enel OGK-5” also appointed a new composition of Executive Board, Audit Committee, HR and Remuneration Committee, and approved the revision of the Organizational structure of the Company.

Board of Directors of OJSC “Enel OGK-5” also decided upon the following items:

• To approve the LTPM Contract between Enel OGK-5 and Siemens Aktiengeselschaft for the supply of program parts, miscellaneous hardware, other parts and scheduled outage works for the constructed CCGT-410 at Nevinnomysskaya GRE

• To approve the Contract for the supply of the Ash transporting and Dumping systems and performance of the related works at ENEL OGK-5 for the “Reconstruction of the ash removal system at Reftinskaya GRES using environmentally acceptable, technologically reliable and feasible technologies” between Enel OGK-5 and TAKRAF GmbH,

• To approve the entry by ENEL OGK-5 into financial contracts in order to hedge foreign exchange and interest rate under Euro denominated loans funding part of the investment program

• To approve the Agent Agreement between “Enel OGK-5” with “CFR”, “SO of UES”, “Market Council”, “ATS”, NP “Market Council” in order to conclude the Capacity contracts .

• To approve conclusion, within 31.12.2010, of the “Enel OGK-5”Capacity contracts, Agent being “CFR”, with the buyers of the wholesale electricity (capacity) market, as well as “SO of UES”, “ATS”, NP “Market Council” as strategic transactions.