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    BALC Projects
         Foreword

      —  Projects: Power Energy
               Other Projects in Power Energy
               Bureya HPP / JSC RusHydro
               Mobile GTU
               TGC-2 / Novgorod Cogeneration Plant
               INTER RAO UES / Sochi Cogeneration Plant
               Moscow Unified Electricity Distribution Network (MOESK)

      —  Projects: Other
               Small Projects
               Railway Rolling Stock
               Real Estate
               Telecommunications & IT
               Novolipetsk Steel
               Nanotech leasing: RUSNANO and Bebig