Annual Report of the Open Joint-Stock Company «Yenisei Territorial Generation Company (ТGC-13)»” for 2006 (стр. 3 )

Sergey Borisovich Kosarev

Moscow.

Born on January, 10th, 1960.

Higher education, Candidate of Historical Sciences, Senior Lecturer, graduated from Kostroma State Teachers Training Institute named after N. A.Nekrasov, International University.

During the period from 2000 till 2004 he held the position of the Deputy Minister of the Ministry of Property of Russia.

Since 2004 till present he has been working in OJSC RAO “UES of Russia” as the Head of the Department for Regulation of the Relations of Property of the OJSC RAO “UES of Russia” Corporate Center.

Corporate Governance 18

Yury Pavlovich Makushin

Chairman of the Board of Directors

Moscow.

Born on April, 3rd, 1959.

Higher education, Candidate of Econonical Sciences, graduated from Kuibyshev Institute of Planning.

During the period from 2001 till 2004 he held the position of the Financial Director of OJSC ”Srednevolzhskaya Inter-regional Operating Power Company”. Since 2004 till present he has been working for OJSC RAO “UES of Russia” as the Deputy Managing Director of OJSC RAO “UES of Russia” Business-unit # 2.

Mikhail Sergeyevich Molchanov

Moscow.

Born on May, 6th, 1976.

Higher education, Master of Economy, graduated from Novosibirsk State University.

In the period from 2000 till 2002 he held the position of the Executive Director of OJSC "Olmisoft".

Since 2002 till present he has been working for OJSC RAO “UES of Russia”as the Head of the Reforming Pprojects Division of the Project Implementation Department of OJSC RAO “UES of Russia” Business-unit # 2.

Oleg Ivanovich Salkov

Krasnoyarsk.

Born on December, 21st, 1965.

Higher education, graduated from the Siberian Institute of Business, Management and Psychology, Russian Institute of Directors “Corporate Director”, State University of Management.

From 1996 till 2002 he worked as the Taxation Expert, Director General Adviser for Economics of OJSC “Krasnoyarsk SDPP-2”. In 2he held the position of Deputy Director General of OJSC “Centre for optimization of EEC accounts”. In 2003 he was appointed Director General of OJSC “Khakassenergo”. In 2005 he was promoted Director General of OJSC “Krasnoyarskenergo”. In October 2005 he took the position of Director General of OJSC “Krasnoyarsk Generation”, OJSC “Krasnoyarskenergosbyt” and OJSC “Krasnoyarsk main network”.

In he was Director General of OJSC “TGC-13”. Since December, 31st, 2006 he is Director General of JSC "Yenisei ТGC (ТGC-13)”.

Igor Yuryevich Sorokin

Moscow.

Born on April, 2nd, 1974.

Higher education.

From 2001 till 2003 he held the position of the Director on Finance of OJSC “Rocolor”. From 2003 till 2004 he worked as the Chief Expert of the OJSC “MDM Group” (renamed into CJSC "SUEK", then into CJSC "HK SUEK“). Since 2004 till present he has been working for OJSC “SUEK”, holding the position of the Leading Expert of the Department for Power Actives Management.

In 2006 the remunerations paid to the members of the Board of Directors made 170 thousand rubles.

Corporate Governance 19

Management Board

•  Members of the Management Board do not have stakes in the authorized capital of the Company, its affiliated and dependent companies.

•  In the reporting period no claims were made against the members of the Management Board.

•  No deals were arranged between the members of the Management Board and the Company in the reporting period.

The staff of the Management Board elected by the Board of Directors of JSC “Yenisei ТGC (ТGC-13)” on December, 27th 2006:

Oleg Ivanovich Salkov

Krasnoyarsk

Born on December, 21st, 1965.

Higher education, graduated from the Siberian Institute of Business, Management and Psychology, Russian Institute of Directors «Corporate Director», State University of Management.

From 1996 till 2002 he worked as the Taxation Expert, Director General Adviser for Economics of OJSC “Krasnoyarsk SDPP-2”. In 2he held the position of Deputy Director General of OJSC “Centre for optimization of EEC accounts”. In 2003 he was appointed Director General of OJSC “Khakassenergo”. In 2005 he was promoted Director General of OJSC “Krasnoyarskenergo”. In October 2005 he took the position of Director General of OJSC “Krasnoyarsk Generation”, OJSC “Krasnoyarskenergosbyt” and OJSC “Krasnoyarsk main network”.

In he was Director General of OJSC “TGC-13”. Since December, 31st, 2006 he is Director General of JSC "Yenisei ТGC (ТGC-13)”.

Maya Vasilyevna Bazhenova

Krasnoyarsk.

Born on July, 14th, 1973.

Higher education, graduated from Krasnoyarsk Commercial Institute.

From 2000 till 2005 she was holding the following positions in OJSC "Krasnoyarskenergo": Deputy Accountant-General on Methodology – Head of the Department for the arrangement of the summary book-keeping and calculation methodology of the Central Accounts Department of OJSC "Krasnoyarskenergo", Deputy Accountant-General on Taxation of OJSC "Krasnoyarskenergo", Accountant-General of OJSC "Krasnoyarskenergo". From 2005 till 2006 she worked as the Accountant-General of OJSC “Krasnoyarsk Generation”, Accountant-General of OJSC "ТGC-13", Accountant of OJSC "Tyvaenergo-Holding". At present she is holding the position of the Accountant-General of JSC “Yenisei ТGC (ТGC-13)”.

Oleg Valeryevich Titov

Krasnoyarsk.

Born on March, 17th, 1970.

Higher education, graduated from Volgograd Institute of Law of the Ministry of Internal Affairs, Academy of Finance under the Government of the Russian Federation.

From 2001 till 2004 he worked in the OJSC "Kuzbassenergo", holding the positions of the Leading Economist, Head of the Division for Control and Analysis of the Ececutive Body. From 2004 till 2006 he worked in the OJSC “Krasnoyarsk State District Power Plant-2” as the Deputy Director General on Finance and Economy. In 2006 he held the position of the Deputy Director-General - Director on Energy Sales of OJSC "ТGC-13". At present he is the Deputy Director General on Energy Sales of JSC “Yenisei ТGC (ТGC-13)”.

Corporate Governance 20

Vladimir Borisovich Fait

Vice-Chairman of the Managemet Board

Krasnoyarsk.

Born on July, 9th, 1972.

Higher education, graduated from Irkutsk Institute of National Economy, Academy of National Economy under the Government of the Russian Federation.

From 2001 till 2005 he worked in OJSC "Khakassenergo", holding the positions of: the Head of the Treasury, Deputy Director General on Finance, First Deputy Director General on Economy and Finance. In 2005 he took the position of the Deputy Director General - Director on Finance of OJSC "Krasnoyarskenergo". From 2005 till 2006 he was the First Deputy Director General - Director on Finance and Economy of OJSC “Krasnoyarsk Generation”. During the period from January till December, 2006 - OJSC "ТГК-13", First Deputy Director General - Director on Finance and Economy, Member of the Management Board. At present he is the First Deputy Director General on Finance and Economy of the JSC “Yenisei ТGC (ТGC-13)”.

Mikhail Innokentyevich Shukailov

Krasnoyarsk.

Born on March, 17th, 1958.

Higher education, graduated from Krasnoyarsk State Polytechnical Institute, Academy of National Economy under the Government of the Russian Federation.

From 2001 till 2003 he worked at Novo-Kemerovo CHP OJSC "Kuzbassenergo" as the Chief Engineer, Deputy Head of the Division of Production Training, Acting Chif Engineer. From 2003 till 2004 he worked as the Deputy Director General on Reforming of Energy Repair Work of OJSC "Kuzbassenergo". In 2004he took the position of Director General of OJSC “Kuzbass Energy Repair Company”. From 2004 till 2005 he worked at the ”Krasnoyarsk CHP-2” , he held the positions of the First Deputy Director General, Chief Engineer - Technical Director.

From 2005 till 2006 he worked in the OJSC “Krasnoyarsk Generation” as the Deputy Director General - Chief Engineer. In 2006 – Deputy Director General - Chief Engineer of OJSC "ТGC-13". At present he is the Deputy Director General - Chief Engineer of the JSC "Yenisei ТGC (ТGC-13)”.

Vasily Vasilyevich Schukin

Krasnoyarsk.

Born on August, 20th, 1971.

Higher education, graduated from Krasnoyarsk State University, Academy of National Economy under the Government of the RF.

In he worked in OJSC RAO “UES of Russia” as the Assistant to the Financial Director of OJSC RAO “UES of Russia”. From 2001 till 2003 he held the position of the Head of the Department of the share capital of OJSC "Krasnoyarskenergo". From 2003 till 2005 he held the position of the Assistant to the Director General on Corporate Management of OJSC "Khakassenergo". In 2005 - OJSC "Krasnoyarskenergo", Adviser of the Director General, Deputy Director General on the Personnel Management. In 2005 he took the position of the Deputy Director General - Director on Corporate Management of OJSC “Krasnoyarsk Generation”. From 2005 till 2006 – Deputy Director General - Director on Corporate Management, Member of the Management Board of OJSC "ТGC-13". At present he is holding the position of Deputy Director General on Corporate Management of OJSC “Yenisei ТGC (ТGC-13)”

Viktor Fedorovich Eler

Krasnoyarsk.

Born on September, 14th, 1969.

Higher education, graduated from Abakan Branch of Krasnoyarsk Polytechnical Institute, Krasnoyarsk State University, Academy of National Economy under the Government of the Russian Federation.

From 2001 till 2005 he worked in OJSC "Khakassenergo" as the Head of the Division for Resourse Maintanance, Adviser on Corporate Management, the Head of Department for Corporate Management and Share Capital, Deputy Director General on Production Maintenance, Competitive Purchases and Capital Investments, Deputy Director General on Production Maintenance and Investments. In 2005 he held the position of the Adviser of the Director General on Resourse Maintanance and Competitive Purchases of OJSC "Krasnoyarskenergo". In 2005 - OJSC “Krasnoyarsk Generation”, Deputy Director General - Director on Resource Management. In 2006 he held the position Deputy Director General - Director on Resourse Management of OJSC "ТGC-13". At present he is Deputy Director General on Resourse Management of the JSC “Yenisei ТGC (ТGC-13)”.

Corporate Governance 21

Director General

Oleg Ivanovich Salkov

Krasnoyarsk

Born on December, 21st, 1965.

Higher education, graduated from the Siberian Institute of Business, Management and Psychology, Russian Institute of Directors “Corporate Director”, State University of Managements.

From 1996 till 2002 he worked as the Taxation Expert, Director General Adviser for Economics of OJSC “Krasnoyarsk SDPP-2”. In 2he held the position of Deputy Director General of OJSC “Centre for optimization of EEC accounts”. In 2003 he was appointed Director General of OJSC “Khakassenergo”. In 2005 he was promoted Director General of OJSC “Krasnoyarskenergo”. In October 2005 he took the position of Director General of OJSC “Krasnoyarsk Generation”, OJSC “Krasnoyarskenergosbyt” and OJSC “Krasnoyarsk main network”.

In he was Director General of OJSC “TGC-13”. Since December, 31st, 2006 he is Director General of JSC "Yenisei ТGC (ТGC-13)”.

Auditing Comission

•  Members of the Auditing Comission do not have stakes in the authorized capital of the Company, its affiliated and dependent companies.

•  In the reporting period no claims were made against the members of the Auditing Comission.

•  No deals were arranged between the members of the Auditing Comission and the Company in the reporting period.

The Auditing Comission of the JSC “Yenisei TGC (TGC-13”) was elected by the decision of the General Meeting of Shareholders (Managementt Board of OJSC RAO “UES of Russia”) on June 10th, 2006 and comprises 6 persons:

Yekaterina Aleksandrovna Bazhenova

Chief Expert of the Department for Economic Planning and Financial Control of OJSC RAO “UES of Russia” Business-unit # 2.

Olga Vladimirovna Golubeva

Specialist of the Department for Analysis and Control of Corporate Management and Interaction with Shareholders of the Corporate Centre of OJSC RAO “UES of Russia”.

Tatyana Nikolayevna Dvoriak

Leading Accountant of JSC “Khakass Generation Company” Accounting and Reporting Service

Irina Vasilyevna Mikhno

Deputy Head of the Department for Internal Audit of OJSC RAO “UES of Russia” Corporate Center

Yelena Yevgenyevna Smirnova

Head of the Division for Control of the Auditing Comissions’ Work of OJSC RAO “UES of Russia” Business-unit № 2

In 2006 the remunerations paid to the members of the Auditing Comission made 45 thousand rubles.

Corporate Governance 22

Information on the authorized сapital of the Company

The authorized capital of the Company before the joining date (December, 31, 2006) of OJSC “Krasnoyarsk Generation” and OJSC " TGC-13" with JSC “Yenisei TGC(TGC-13)” made , 6 ( one hundred fifteen million one hundred thirty thousand and forty one point six rubles.

As of December 31, 2006 following the conversion of ordinary and preferred shares of OJSC “Krasnoyarsk Generation” and ordinary shares of OJSC “TGC-13” into additional shares of JSC “Yenisei TGC (TGC-13)” the authorized capital of the Company made 1  143,98 (one billion two hundred eighty one million five hundred sixty four thousand one hundred and forty three point nine eight ) rubles.

Information on the Company’s issued securities

Date of state registration of the issue: 30.08.2005

Number of state registration of the issue: E

Issued: ordinary registered paperless shares - 508480 pieces at a par value 226,42 rubles.

Way of placement: purchase of shares by the only founder of the joint –stock company – OJSC RAO “UES of Russia”

Report on the result of issue was registered 30.08.2005

Date of state registration of the additional issue: 28.11.2006

Number of state registration of the additional issue: E-001D

Issued: ordinary registered paperless shares - 1 pieces at a par value 226, 42 rubles.

Way of placement: conversion of the preferred registered shares of OJSC “Krasnoyarsk Generation” joined with JSC “Yenisei Territorial Generating Company (TGC-13)” into additional ordinary registered shares of JSC “Yenisei Territorial Generating Company (TGC-13)”

Report on the result of the additional issue was registered 13.02.2007

Date of state registration of the additional issue: 28.11.2006

Number of state registration of the additional issue: E-002D

Issued: ordinary registered paperless shares - 4 pieces at a par value 226, 42 rubles.

Way of placement: conversion of the ordinary registered shares of OJSC “Krasnoyarsk Generation” joined with JSC “Yenisei Territorial Generating Company(TGC-13)” into additional ordinary registered shares of JSC “Yenisei Territorial Generating Company(TGC-13)”

Report on the result of the additional issue was registered 13.02.2007.

Date of state registration of the additional issue: 28.11.2006

Number of state registration of the additional issue: E-003D

Issued: ordinary registered paperless shares pieces at a par value 226, 42 rubles.

Corporate Governance 23

Way of placement: conversion of the preferred registered shares of OJSC “TGC-13” joined with JSC “Yenisei Territorial Generating Company(TGC-13)” into additional ordinary registered shares of JSC “Yenisei Territorial Generating Company(TGC-13)”

Report on the result of the additional issue was registered 13.02.2007.

On the reporting date there were issued: ordinary registered shares at equal par value 226,42 ( two hundred and twenty six point four two) rubles each in the quantity of 5 660 119 ( five million six hundred sixty thousand one hundred and nineteen) pieces with a sum total, considering par value, 1 281 564 143, 98 ( one billion two hundred eighty one million five hundred sixty four thousand one hundred and forty three point nine eight ) ruble.

Structure of the Company’s share capital

Structure of the Company’s share capital as of December 30, 2006

Name of the owner of securities	Stake in the authorized capital of OJSC “Khakass Generation Company” as of December 30,2006
OJSC RAO “UES of Russia”	100%

Structure of JSC”Yenisei TGC ( TGC-13)”

share Capital

56,92 % OJSC RAO “UES of Russia”

31,69 % OJSC “SUEK”

11,39 % Others

Structure of the Company’s share capital as of December 31, 2006

Corporate Governance 24

Information on circulation of the Company’s shares

on Stock Exchanges

In 2006 shares of JSC “Yenisei TGC ( TGC-13)” were not circulated on organized markets of securities.

This section gives the information on share quotations of OJSC “Krasnoyarsk Generation” - the company joined with JSC “Yenisei TGC (TGC-13) “ on December, 31st, 2006 (according to the summary data of NP “SE RTS”, OJSC "RTS", CJSC “SE MICEX”)

Securities of OJSC “Krasnoyarsk Generation” were included:

·  in the List section “List of unlisted securities ( securities admitted to the trading without passing the procedure of listing) of CJSC “ SE MICEX”- on June, 30th, 2006;

·  in the List section “ Securities admitted to the circulation, but not included in quotation lists” of NP “SE RTS”, OJSC “RTS” on July, 14th, 2006.

Shares ordinary registered paperless, at a par value 1,25 ruble. Number of the state registration of issue: Е dated December, 1, 2005.

Shares A preference registered paperless, at a par value 1,25 ruble. Number of the state registration of issue: Е dated December, 1, 2005.

Quotations of shares of

OJSC “ Krasnoyarsk Generation)”

in 2006

Average considered value

Average considered value

of preferred shares

Average considered value

of ordinary shares

July 2006

July 2006

August 2006

August 2006

September 2006

September 2006

October 2006

October 2006

November 2006

November 2006

December 2006

December 2006

Quotations of shares of OJSC “ Krasnoyarsk Generation” in 2006

Corporate Governance 25

Affiliated and Dependent Companies

Name of the company	Main activities	Sums of investments, rubles	Authorized capital share as of 31.12.2006, %
OJSC “Khakass Service and Repair Company”	Repair, technical maintenance of energy and heat equipment; repair of buildings and structures	17	99, 999995
OJSC ”Krasnoyarsk-energoremont”	Repair, modernization and reconstruction of thermal-mechanical and electromechanical equipment of the power station and industrial enterprises	171	100
OJSC “Krasnoyarsk-energospetsremont”	Repair, modernization and reconstruction of thermal-mechanical and the electromechanical equipment of the power station and industrial enterprises; repair of thermal, water, aerial and drainage systems	120	100
OJSC “Nazarovo Fish Farm”	Cultivation of hydrobionts in natural reservoirs and storage ponds; breeding, raising, and sale of live fish; fish processing	3	100
OJSC “Krasnoyarsk HPP”	Generation, transmission, dispatching of electricity, installation, adjustment and repair of energy sets, electric and heat power equipment (excluding boiler units and boiler installations under control of Federal Mountain and Industrial Supervision of Russia) and energy installations of consumers	3 604 349 000	25,2

Basic Industrial Indicators 26

BASIC INDUSTRIAL INDICATORS

JSC “Yenisei TGC ( TGC-13)”

(OJSC “Khakass Generating Company”)

Structure and volume of electricity production and capacity for the 2nd half-year 2005, 2006

The name of indicators	2005 year (from 01.07.2005)	2006
Electricity production, million kWh	506,4	983,916
Installed capacity, MW	270	270
Capacity in repairs, MW	14,2	8,6
Capacity limit, MW	117,2	103
Operating capacity, MW	138	158,5
- Including ТЭС loading, MW	116	112,3
Power reserve, MW	22	46,2
Installed capacity utilization factor, %	43,67	41,60

Effective output of thermal and electric energy

The name of indicators	2005 (from 01.07.2005)	2006
Effective output of thermal energy, thousand Gcal	624,9	1 452,2
Effective output of the electric power, million kWh	418,7	796,5

Effective output of thermal energy on groups of consumers for 2006

Groups of consumers	plan 2006 thousand Gcal	actual 2006. thousand Gcal	deviation thousand Gcal	%
Industry	49,2	72,4	23,2	47
Housing and utilities	1 289,9	1 298,9	9,0	7
Population	0,0	0,2	0,2
Other consumers	85,9	80,7	-5,2	-6
Total	1 425,0	1 452,2	27,2	2
Including ОPP	1 286,1	1 290,0	3,9	0

Volumes of energy output on FWEM, own production and purchased energy