TGC-1

Territorial Generation Company no. 1 (TGC-1 or TGK-1) is the leading producer and supplier of electricity and heat in the North-West of Russia and the 3rd largest territorial generating company in Russia in terms of installed electric capacity. It operates 55 electric generating stations in four regions of Russia the City of St Petersburg, Republic of Karelia, Leningrad Region and Murmansk Region with a total installed electric capacity of over 6.3 GW and heat capacity of over 14,300 GCal per hour. The Companys major assets include thermal (cogeneration) and hydroelectric power plants and a heating grid of over 970 km. TGC-1 sells electricity on the domestic wholesale market and partly exports to neighboring Finland and Norway. The company is a strategic supplier of heat in St. Petersburg, Petrozavodsk, Murmansk, Kirovsk and Apatity. TGC-1 is listed in Russia on MICEX (ticker TGKA) and RTS stock exchange (tickers TGKA, TGKAG). Major Shareholders: Gazprom (51.79%), Fortum (25.6...