Mr Chubais informed Mr Putin about the completion of work on drafting a financial reform concept for the company. One of the reform concept’s key elements is a programme of measures for attracting investment to the electricity sector drawn up on the President’s instructions. The Government gave the programme its approval at a meeting several weeks ago, and the UES board of directors has also approved it. Investment in the sector is expected to reach 2.1 trillion roubles over 2006–2010. Mr Chubais said that the programme’s implementation will make it possible to resolve the serious electricity shortage problems a number of the country’s regions have been facing.