The Board of Directors of Generation Company Four of the Wholesale Power Market (OGK-4) considered the report related to the implementation and financing of investment projects of construction of new generating capacities at the following branches – Shaturskaya GRES, Surgutskaya GRES-2, Berezovskaya GRES, and Yayvinskaya GRES.
The Board of Directors took into consideration the report on the performance of implementation and financing schedules of these investment projects. The Director General of OGK-4 was authorized to ensure summing up of the results of the open tender for selection of the ready-to-operate ЕРС/ЕРСМ contractor for implementation of the investment project “Creation of the Replacement Capacity Based on CCGT-800 (Two CCGT-400s) of the Surgutskaya GRES-2 Branch” in August 2007. A similar order was given in relation to the investment projects “Creation of the Replacement Capacity Based on CCGT-400 of the Yayvinskaya GRES Branch” and “Completion of Construction of the Third CCGT-800 Power Unit of the Berezovskaya GRES Branch of OGK-4”. The results of the tenders for selection of ready-to-operate ЕРС/ЕРСМ contractors for implementation of the investment projects at Yayvinskaya GRES and Berezovskaya GRES shall be summed up prior to October 1, 2007.
The investment program of OGK-4 for the period up to 2011 provides for construction of combined-cycle-based replacement capacities at Surgutskaya GRES-2 (two CCGT-400s), Shaturskaya GRES and Yayvinskaya GRES (CCGT-400), and completion of the construction of the third steam-power cycle-based power unit of Berezovskaya GRES (CCGT-800). The total volume of the commissioned capacities is 2,400 MW, and the investment program implementation value is about 76 billion rubles. The investment program will be financed from own and borrowed funds and funds derived from issue of additional shares in OGK-4.