Resolutions of the Board meeting conducted on Sep. 09, 2016

12 September 2016

Ekaterinburg (Ural Federal District, Russia) – IDGC of Urals, OAO (MICEX: MRKU) reports resolutions of the Company’s Board of Directors.

On Sep. 09, 2016 the Board of Directors has conducted an in-absentia Board meeting. In the course of the meeting directors have scrutinized and decided on the range of corporate issues. 

Pursuant to the Company’s goals regarding consolidation of grid assets and creation of the single grid area on the Company’s territory of operations, the Board of Directors has adopted the Grid Asset Consolidation Program for 2016-2018. The program comprises facilities, the most relevant for consolidation in light of short-term financial possibilities of the Company and meeting. Enlisted facilities meet technical and economic criteria, required for consolidation-related decisions.

In the course of the meeting the Board of Directors approved CEO’s and EB members’ concurrent service on other firms’ management bodies, regulations for accounting investment projects to be enlisted as Company’s investment projects, Company’s action plan with regard to reduction of overdue transmission receivables and reconciliation as of 01.07.2016, Board Committee budgets, as well as adopted resolutions with regard to other agenda issues.

To view the Board minutes, please, visit Section “Board of Directors”.

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