Company News

In June 2019, following the digitalisation tendency for Russian energy industry, TGC-1 has implemented the electronic system (ES) Obkhody (Plant Walkdowns) for all 13 CHPP of the company in Saint-Petersburg, Leningrad Oblast, Murmansk Oblast and in Petrozavodsk

The innovative project for the implementation of a unique hydroelectric generating unit management system at TGC-1's Palieozerskaya HPP was awarded a golden cup at the 17th international conference Global Energy and Renewable Sources (Amersfoort, the Netherlands)

In accordance with the orders of local authorities, Apatitskaya CHPP finished the heating season in the city of Apatity on 8 June 2019 and in the city of Kirovsk on 13 June 2019

The Annual General Shareholders Meeting of TGC-1 took place on 10 June 2019. The shareholders approved the Company's annual report and consolidated accounting (financial) results for 2018, including the Company's P&L statements and profit distribution for 2018

The project for renovation of Yanikoski HPP of TGC-1's Paz HPPs Cascade started. Hydroelectric generating unit No. 1 will be refurbished in 2019, and hydroelectric generating unit No. 2 in 2020

On 8 June 2019, as part of the Saint Petersburg International Economic Forum the St. Petersburg Government and TGC-1 signed a cooperation agreement for the implementation of CHPP upgrade projects by the power company in St. Petersburg

23 May 2019 marks the 60th anniversary of the commissioning of TGC-1's Apatitskaya CHPP, the largest heat supply plant in Murmansk Oblast and the only source of heat supply in the cities of Apatity and Kirovsk

TGC-1 releases audited consolidated Financial Statements for the 3 months period, ended 31 March, 2019 prepared in accordance with International Financial Reporting Standards (IFRS).

From 14 May 2019, Petrozavodskaya CHPP of TGC-1 switched to the summer mode in accordance with the order of the Ministry of Construction, Housing and Utilities and the Energy Industry of the Republic of Karelia

On 13 May 2019 from 3 p.m. all heat power plants of TGC-1 have switched to the summer mode in accordance with the order of the Committee on Energy and Engineering Support of St. Petersburg's Administration