On September 9th, 2009, JSC RusHydro's Board of Directors held a meeting (conducted in person) devoted to overcoming the impact of the accident that occured in the turbine room of the Sayano-Shushenskaya HPP on August 17th, 2009.

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RusHydro's Board of Directors has instructed the Company's management team to further elaborate on possible mechanisms to finance restoration work at the Company's Sayano-Shushenskaya HPP, including potential financing sources. After additional study and approval by the respective involved ministries and departments, RusHydro's Board of Directors will again consider20this issue. According to initial estimates, the Company believes that it will take approximately RUR 40 billion to restore the HPP.