asset portfolio 

Following the corporate reorganization ended 1 July 2006 OGK-4 consolidated five thermal power plants throughout Russia and clearly focused on electricity production and wholesale.

Brief description of our current asset portfolio is indicated in the following table:

	Commissioning	Fuel	Installed electric capacity, MW	Installed heat capacity, Gcal	Location
Surgutskaya GRES-2	1985–1988	gas	4 800	840	Surgut, Russia
Berezovskaya GRES	1987–1991	coal	1 500	860	Sharypovo, Russia
Shaturskaya GRES	1971–1982	gas, coal, peat, fuel oil	1 100	344,3	Shatura, Russia
Smolenskaya GRES	1978–1985	gas, coal	630	66	Ozerny, Russia
Yajvinskaya GRES	1963–1965	gas, coal	600	69	Yajva, Russia
ОGK-4			8 630	2 179,3

As of 31 December 2006, OGK-4’s installed generation capacity totaled 8,630 MW that accounts for approximately 3.9% of Russia’s total installed generation capacity and for about 5.75% of Russia’s total installed thermal generation capacity. More than 75% of our generating capacity is located in the fast growing Central, Urals and Western Siberia regions of Russia. Breakdown of the Company’s capacity by power plants is presented on the following chart:

Capacity structure

We strive to benefit from the favorable power plant geographic locations to the maximum extent possible by enhancing operating efficiency and strengthening our competitive advantages in the regions where we operate. In the light of strategic development through organic growth we consider existing assets as a source of necessary cash flow generation and a solid platform for the creation of the Company’s value.