The Board of Directors of Generation Company Four of the Wholesale Market of Power and Energy (OGK-4) approved the Report on the OGK-4 Procurement Activities for the 9 months of 2006. In January-September of 2006, the Company's purchased goods (excluding fuel) and services for a total of 2.7 billion rubles. In this connection, the purchasing efficiency (the difference between lots' target and bottom-line prices) was 158 million rubles.
According to the results of the 9 months of 2006, the Company participated in 1,177 procurement procedures, including 347 open biddings. For the 9 months of 2006, the share of open bidding procedures accounted for 83% of the Company's total volume of purchases. Most purchases were made under the 2006 OGK-4 TPPs Repair Program. OGK-4 made all its purchases in strict conformity to the RAO UES of Russia standards for procurement activities.