OREANDA-NEWS. March 31, 2011. JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that a meeting of the Company's Board of Directors was held in absentee voting.

The Company's Board of Directors approved RusHydro's 2011-2015 Business Plan. Within the framework of this plan, the following were approved: Business Plan indicators, annual and quarterly key performance indicators, quarterly plan of capital investment financing and implementation for 2011, as well as the 2011-2013 cost control program. The Board of Directors also preliminarily approved forecast indicators for the 2012-2015 Business Plan.

The list of key performance indicators (KPIs) was developed in accordance with recommendations made by the Russian Ministry of Energy.

The following indicators were approved as annual KPIs for 2011:

-  reliability criterion;

-  EBITDA level;

-  cost cutting through implementing a cost control program;

-  fulfillment of capacity commissioning schedule and financing and implementing the investment program.

The following indicators were approved as quarterly KPIs:

 -  reliability criterion;

-  current liquidity factor;

-  fulfillment of quarterly financing schedules and investment program implementation on an accrual basis since the beginning of the year.

Due to changes in the KPI list, the Company's Board of Directors approved a new version of the Procedure for calculating and evaluating RusHydro's key performance indicators. The document will be first applied to sum up KPI results for Q1 2011.

Additionally, the Board of Directors instructed the Chairman of the Board of JSC RusHydro to arrange preparatory measures required for raising debt the company.

According to the Business Plan, the amount of borrowed funds will be RUR 15 bln. In 2011, demand for RusHydro's long-term borrowing exists due to debt financing of the Company's investment activities and partial refinancing of JSC MC HydroOGK's bond issue to be repaid in June 2011.

The Company plans to attract funds either via a bank credit or by placing non-convertible interest-bearing documentary bonds in Russia. Both options will be ruble-denominated.

The decision to select the most efficient borrowing instrument will be made based on the results of comparative analysis of their parameters prior to attracting funds.

The Company's Board of Directors approved reports on achieving corporate key performance indicators for Q4 2010 and FY 2010. All KPIs were successfully achieved.

2010 KPI values were approved by a decision of the Company's Board of Directors on 11.05.2010, with further amendments on 16.11.2010.

The Board of Directors noticed the Report on Company Board activity for H2 2010.

In total, within this period, the Board made decisions on 207 issues, including 36 issues considered at meetings held in person and 171 issues settled via absentee voting.