OREANDA-NEWS. April 05, 2012. The Company's BoD decided to reappoint Valery Nikolayevich RODIN, the CEO of IDGC of Urals, up to and including 29.03.2013, reported the press-centre of IDGC of Urals.

For the full version of the BoD protocol, please, visit Section "Corporate Governance": http://www.mrsk-ural.ru/en/683

"IDGC of Urals"(est. in February 2005) is grids company responsible for energy transmission and technological connection of consumers to electric networks in Sverdlovsk, Chelyabinsk and Perm regions.

Electric network reform process in the Urals came to an end in April, 2008, and since May 1, 2008 "IDGC of Urals" is a united operating company exercising control over 3 regional branches (Sverdlovenergo, Chelyabenergo and Permenergo) as well as 2 core-asset affiliated companies (ОАО "Ekaterinburg Electric Grid Company",  "Ekaterinburgenergosbyt").

As of 2010 the revenues from services totaled RUR 49.8 bln., net profit reached RUR 1.7 bln (under RAS). Overall energy supply in 2010 amounted to 78.4 bln. kWh, productive supply totaled 72.0 bln. kWh, energy losses reached 6.3 bln. kWh.

Common shares are traded on MICEX (Quotation list "A2"). Free float is about 20%.