OREANDA-NEWS. JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on March 16, 2015.

The Board of Directors approved the report on insurance protection of RusHydro in 2014.

Insurance costs in 2014 totaled RUB 1,004,738 ths, which is 0.68% less than the planned amount.

The Board of Directors commissioned RusHydro’s representatives at the AGM of JSC TC RusHydro to vote for consolidation of Moscow Transport Company RusHydro LLC (MTC RusHydro) into the structure of JSC Transport Company RusHydro (TC RusHydro) and approved the agreement on consolidation.

RusHydro’s share in the share capital of TC RusHydro remains unchanged and amounts to 100%.

Restructuring of TC RusHydro through consolidation of MTC RusHydro is a part of integration of RusHydro’s transportation facilities in order to optimize costs, improve the efficiency of transportation services of the Company and its subsidiaries.