Company News

October 1, 2012 Vasileostrovskaya CHP is 80 years old. In ceremonies to mark the anniversary of the station were attended by heads of JSC TGC-1, the deputy chairman of the Committee on Energy and Engineering Vladimir Kukushkin, director of station Eugene Komashko and the administration and Vasilievsky Island.

Nine CHPs of JSC TGC-1 that provide more than half of general needs of city in the heat are transferred to mode of periodic heating.

The specialists of JSC TGC-1 carry out the first test launches of renewed hydroelectric on Matkozhnenskaya HPP which is part of Vigsky Cascade.

On September, 18 a meeting of the Government of St. Petersburg was held. The managers of the leading power companies of the city reported on summer repairs and implement of investment projects in the region. But the main question was the readiness of housing and communal services for winter season 2012-2013.

September 14, 2012 a new hydroelectric generator with capacity of 29.5 MW commissioned at Lesogorskaya HPP in Leningrad region.

Pravoberezhnaya CHP is the largest investment project of JSC TGC-1 in St. Petersburg. Testing of the modern equipment at the second power unit was completed recently. The unit is built on the basis of combined cycle plant with a capacity of 450 MW.

At recent meeting of the Board the General Director reported on the results of the TGC-1’s business plan realization and the implementation of investment projects in the first half of 2012. The Board of Directors of JSC TGC-1 approved the report.

The autoformer at Ondskaya HPP is finally rebuilt. It is the head station of Vygsky cascade of HPPs, which provides flow control and defines the parameters of all power generated by all cascade’s plants.

JSC TGC-1 releases its interim abbreviated unaudited consolidated Financial Statements for the 6 months period, ended June 30, 2012 prepared in accordance with International Financial Reporting Standards (IFRS).