Joint Stock Company “Territorial Generating Company No. 1” (hereinafter referred to as JSC “TGC-1” or the Company) is the leading producer of electricity and heat in the North-West region of Russia. JSC “TGC-1” was founded on March 25, 2005 in the course of reforming the electric energy industry of Russia. Today the Company incorporates generating enterprises from the Baltic Sea to the Barents Sea. Company's generating assets comprise 54 electric power plants of various types in four subjects of the Russian Federation such as St. Petersburg, the Republic of Karelia, Leningrad Oblast and Murmansk Oblast.
Generated electricity is delivered to the domestic wholesale electricity and capacity market and is also exported to Finland and Norway. JSC “TGC-1” is a strategic supplier of heat in St. Petersburg, Petrozavodsk, Murmansk, Kirovsk in Leningrad Oblast, and cities Apatity and Kirovsk of Murmansk Oblast.
JSC “TGC-1” includes the following subsidiaries: PJSC “Murmanskaya CHPP” (energy supply to Murmansk and the surrounding areas; a 90.34 % stake in the authorised capital), JSC “St. Petersburg Heating Grid” (an association of the heating grids within the area of the Company’s CHPP operations; a 74.99 % stake in the authorised capital), Dubrovskaya CHPP LTD (energy supply to Kirovsk; a 100 % stake in the authorised capital), and affiliates: JSC “HHC” (reformation of heat supply in the Apatity-and-Kirovsk region; a 50 % stake in the authorised capital) and “TGC-Service” LLC (specialised repair and maintenance enterprise; a 26 % stake in the authorised capital).
JSC “TGC-1” is a part of the Gazprom Group. The controlling stakes of generating companies in Gazprom Group are consolidated in the balance sheet of the special-purpose affiliate “Gazprom Energoholding” LLC, established during the implementation of the Gazprom's Power Generation Strategy. This allows an effective management system to be created based on unified corporate standards. The Group consolidates the controlling stakes of MOSENERGO, JSC ”OGK-2”, JSC “TGC-1” and JSC “MIPC”. PJSC “Gazprom” is the largest owner of generating assets in Russia and is one of Europe's ten major electricity producers.
The second largest shareholder, Fortum Power and Heat Oy, is Scandinavia’s leading energy concern, with the highest standards of business conduct. Fortum Power and Heat Oy makes a valuable contribution to the enhancement of the Company’s management efficiency.
Thus, operating environmentally responsible production and implementing an innovative social policy based upon international standards of business conduct, JSC “TGC-1” is striving to take the leading position on the energy market, to be a reliable partner for investors, to take care of shareholders’ interests, and satisfy customers’ highest requirements.
|Installed electric capacity, MW||7,057||7,164||–1.5|
|Installed heat capacity, Gcal/hr||14,142||14,152||–0.1|
|Electricity generation, kWh mln||25,811||26,426||–2.3|
|Electricity useful output, kWh mln||28,969||29,509||–1.8|
|Heat output, thousand Gcal||23,020||24,339||–5.4|
|Heat useful output, thousand Gcal||23,507||24,467||–3.9|
|Profit before taxation||3,407||3,613||–5.7|
|Earnings per share, RUB||0.00069||0.00090||–23.3|
|Profit before taxation||7,463||3,871||92.8|
Head of Corporate Management Department
Head of Equity and Investor Relations Division
Head of Investor Relations
Corporate Secretary, Head of the Shareholder Relations Division
Tel. +7 (812) 901-31-31
Tel. + 7 (812) 901-35-04
Tel. + 7 (812) 901-32-97
Tel. +7 (812) 901-35-91