TGC-1 releases interim abbreviated unaudited consolidated Financial Statements for the 6 months period, ended 30 June 2020 prepared in accordance with International Financial Reporting Standards (IFRS).

According to the TGC-1 PJSC’s repair and maintenance programme, the overhaul of hydroelectric generating unit No. 1 has been completed at one of the oldest hydroelectric power plants in Russia and the firstborn of electrification in Karelia: the Kondopozhskaya HPP.

Power engineers of TGC-1 PJSC have completed the overhaul of the gas turbine, the generator, and the waste heat recovery boiler at Yuzhnaya CHPP. The equipment has been connected to the grid for comprehensive tests under load.

TGC-1 has started the implementation of a project to reconstruct the Avtovskaya CHPP, the largest generation facility in the southwestern part of St. Petersburg.

Electricity output of TGC-1, including JSC Murmanskaya CHPP, for 6 month 2020 comprised 15,037.6 million kWh, which is 0.3% lower than for the same period of 2019.

TGC-1 published its 6 months 2020 financial statements under the Russian Accounting Standards (RAS).

The Annual General Shareholders Meeting of TGC-1 took place on 22 June 2020. The shareholders approved the Company's annual report for 2019, accounting (financial) statements for 2019, including the Company's P&L statements for 2019.

On June 10, 2020, Denis Fedorov, the General Director of Gazprom Energoholding, and Andrey Chibis, the Governor of the Murmansk Region, inspected the operation of the Serebryansky HPPs during the flood.

TGC-1 decommissioned the hydroelectric generating unit No. 1 of the Verkhne-Tulomskaya HPP for subsequent dismantling and upgrade. Power engineers will upgrade its core equipment, as well as control and adjustment systems.

TGС-1 has completed the overhaul of the gas turbine unit (GTU) at Yuzhnaya CHPP, the most powerful combined heat and power plant in St. Petersburg.