Company News

On 1 September 2020, Fitch Ratings affirmed the long-term foreign currency and national currency issuer default ratings (IDR) for TGC-1 at BBB with Stable Outlook, with its short-term foreign currency and national currency IDRs affirmed at F3.

September 2, 2020, in Murmansk Andrey Chibis, Governor of the Murmansk Oblast, Vadim Vederchik, Managing Director of TGC-1 PJSC, and Stanislav Nazarov, General Director of "Murmanskaya CHPP" JSC, signed a cooperation agreement.

AK&M Rating Agency has released the third Social Efficiency Ranking of major Russian corporations for 2019, with TGC-1 ranking first in the Energy sector.

TGC-1 PJSC has completed the scheduled overhaul of 29.5 MW hydroelectric generating unit no. 2 at Lesogorskaya HPP, one of the oldest power plants in Russia, to increase the reliability of the plant’s equipment.

TGC-1 PJSC has completed the scheduled overhaul of 29.5 MW hydroelectric generating unit no. 2 at Lesogorskaya HPP, one of the oldest power plants in Russia, to increase the reliability of the plant’s equipment.

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.