ПАО «ТГК-1» и Институт исследований и экспертизы ВЭБ.РФ договорились о совместном развитии «зеленого» финансового рынка

16 November 2021 года

The partnership is based on cooperation in forming and developing the “green” financing and “green” financial market in the North-Western Federal District.

TGC-1 PJSC and Vnesheconombank Research and Expertise Institute Autonomous Non-Commercial Organization signed an agreement on cooperation and interaction. The partnership is based on cooperation in forming and developing the “green” financing and “green” financial market in the North-Western Federal District.

The signatories were Managing Director of TGC-1 PJSC Vadim Vederchik and Director of Vnesheconombank Research and Expertise Institute Autonomous NCO Alsu Gaynutdinova.

Parties will cooperate on environmental issues, ecological safety and economy of North-Western Federal District, as well as improvement of classification of “green” projects and the methodology of “green” financing system for the companies in this region.

Within the partnership, TGC-1 PJSC will develop a program to obtain ESG verified ratings and measures to save the biodiversity at the territory of company’s presence. In addition, the parties agreed to actively participate in promotion and implementation of projects on “green” financing in the region. One of them will be the first carbon polygon in the North-West.

“Companies that obtain “green” financing more actively introduce environmentally safe technologies, improve their production processes and win a higher ESG rating. This is a key aspect for the power transfer within the strategy of low-carbon development of Russia. There will be a lot of work to develop the methodology and regulatory framework to verify “green” tools. TGC-1 as the largest “green” energy company in the North-West is interested in rapid implementation of the principles of sustainable “green” development in practice”, emphasized the Managing Director of TGC-1 PJSC Vadim Vederchik.

Vnesheconombank Research and Expertise Institute Autonomous NCO is interested in cooperation with TGC-1. Asset structure of this power company in North-Western Federal District and its export potential considering the decisions adopted by the European Commission on July 14, 2021, make the company face concentrated challenges of historical significance. These challenges need to be handled effectively. VEB.RF as a center for methodology, taxonomy and verification of climatic projects is ready to cooperate to offer the efficient response to these tasks”, said Alsu Gaynutdinova, Director of the Institute.

Reference

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading producer and supplier of electricity and heat power in the Northwest of Russia. TGC-1 comprises 52 power plants across four constituent entities of the Russian Federation: Saint Petersburg, the Republic of Karelia, Leningrad and Murmansk Regions.

Unlike other Russian generating companies, TGC-1 has a unique structure of production assets. Hydrogeneration accounts for 40% of its installed capacity. These are 40 HPPs with a total capacity of circa 3 000 MW. The electricity produced at the hydroelectric power plants of TGC-1 PJSC allows companies to switch to the decarbonization of production, meet modern ESG standards and minimize the risk of paying a carbon fee when exporting products to Europe.