Moscow. 31 January 2006. Today, the shareholders of OAO "WGC-3" and the related power plants—OAO "Kostromskaya TPP", OAO "Pechorskaya TPP", OAO "Cherepetskaya TPP", OAO "Yuzhnouralskaya TPP", OAO "Kharanorskaya TPP" and OAO "Gusinoozerskaya TPP"—held their joint general meeting.

The shareholders approved amendments to the Charter of OAO "WGC-3". Those amendments reflect the resolutions taken by the EGM of OAO "WGC-3" on 30 September 2005 and 4 October 2005 to reorganize the Company through merger of OAO "Kostromskaya TPP", OAO "Pechorskaya TPP", OAO "Cherepetskaya TPP", OAO "Yuzhnouralskaya TPP", OAO "Kharanorskaya TPP" and OAO "Gusinoozerskaya TPP" with and into OAO "WGC-3".

Also, the joint shareholder meeting of OAO "WGC-3" and the power plants resolved to remove from the Charter the provision on the number and par value of the Company's additional shares authorized for issuance and the rights attached to such shares.

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* The decision to establish OAO "WGC-3" was taken by the Board of Directors of RAO "UES of Russia" at its meeting held 1 October 2004. The state registration of OAO "WGC-3" was effected on 23 November 2004 at Interdistrict Inspectorate No. 2 of the Ministry of Taxes and Levies of Russia for the Republic of Buryatia.

Pursuant to Order of the Government of the Russian Federation No. 1254-? of 1 September 2003, the following companies were included in OAO "WGC-3": OAO "Kostromskaya TPP", OAO "Pechorskaya TPP", OAO "Gusinoozerskaya TPP", OAO "Kharanorskaya TPP" OAO "Cherepetskaya TPP", and OAO "Yuzhnouralskaya TPP".