Annual report 2010

Pavel Vladilenovich Golubev - Head of t he D epartment f or Or ganization a ndOperation, Maintenance and ServicingDmitry Anatolyevich Koryakin - Head of t he D epartment for Ope rational ProcessControlSvetlana SergeevnaSolomatina- Leading Expert of the Strategy and DevelopmentCenterThe meeting of t he S trategy and Development Comm ittee was presided b y S ergeyNikolaevich Ivanov, Deputy Chairman of the Strategy Committee.AGENDA:1. Consideration of the consolidated investment program of JSC IDGC Holding for2010.2. Determination of the priority of activities: approval of the Strategy of JSC IDGCHolding until 2030.3. Joint project with OAO Power Machines related to the production of high-voltagepower equipment.As proposed by S. N. Ivanov, Deputy Chairman of the Strategy Committee, in the absenceof any objection from other attending members of the Committee, the procedure for considerationof the issues on t he a genda of the meeting of the Strategy Committee was c hanged: Issue No. 3“Joint project with OAO Power Machines related to the production of high-voltage powerequipment” was considered as the second one at the meeting of the Committee.1. Consideration of the consolidated investment program of JSC IDGC Holding for2010.Issue 1: “Consideration of the consolidated investment program of JSC IDGC Holding for2010.”The following person reported:Aleksey Valeryevich Sannikov, member of the Strategy Committee, Deputy DirectorGeneral, member of the Management Board of JSC IDGC Holding.The reporter provided materials revised due to the approval of the investment programs for2010 at the meetings of the Board of Directors of SDCs to the meeting of the Committee. The issuewas discussed, subject to revised materials.The following persons were heard:S. N. Ivanov and D. I. Rizhinashvili, members of the Strategy Committee.Invited were: S. G. Bednyakov and P. V. Golubev.It was noted as follows:1. Balance of the consolidated investment program.2. Need for inclusion of a separate item “Research & development costs” in the investmentprogram.3. Need for the increase of the efficiency of research & development costs and consideration ofthe issue of centralization of such work on the level of JSC IDGC Holding.It was resolved as follows:It shall be recommended to the Board of Directors to make the following decision:The consolidated investment program of JSC IDGC Holding for 2010 shall be approved asrelated to the investment programs approved by the constituents of the Russian Federation for 2010.2