May 15. The BoD of HydroOGK is to approve the 2008 business plan based on the adjusted investment program on May 19 , the genco's deputy chairman Vasily Zubakin said at a press conference Wednesday. According to him, the adjusted investment program for 2008 calls for an increase in the amount of financing by RUB 4.90 bn. Furthermore, the additional resources, RUB 1.95 bn, are to be allocated to complete construction of Ust-Srednekanskaya HPP. Zubakin noted that the proceeds from VAT reimbursement will amount to RUB1.09 bn and the transferred balance of the proceeds from the asset sale of UES (RTS: EESR) from 2007 will equal RUB 933 mn and foreign investor resources to finance small HPPsRUB will be 749 mn. Zubakin went on to say that in 2008 Hydro OGK abandoned construction of Nizhnebureyskaya HPP, Nizhneeyskiye HPPs, Cascade of Zelenchukskie HPPs and some other facilities. Also, construction investments will be reduced for projects with doubtful ROI, such as Gotsalinskaya HPP and Egorlykskaya HPP-2. HydroOGK's 2008 investment program provides for the allocation of RUB 78.1 bn to investment projects and commissioning 410 mW of additional capacities.