RusHydro Announced Results of Board of Directors Meeting
OREANDA-NEWS. June 20, 2012. JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces the results of the Board of Directors held on June 15, 2012.
The Board of Directors approved the report on execution of the non-consolidated business plan of JSC RusHydro for
The generation and net output volumes in 2011 were 99.3% and 99.7% of the plan. The deviation from the plan was due to hydrological conditions.
The financing of the investment program in 2011 amounted to RUR 94.82 bn (incl. VAT) or 104% of the plan; RUR 44.8 bn were RusHydro's own funds, RUR 50.02 bn were borrowed or outside investor financing.
The Board of Directors also approved the changes to the program of innovations development for 2011-2015, which included additional financing of the Skolkovo science and technology center in the amount of RUR 153.1 mn.
The item of the agenda "JSC RusHydro's business plan for 2012-2016" was moved to another Board meeting.
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