Company News

TGC1 finished a complex reconstruction of the Rayakosky HPP unit. The ongoing result of the renovation is high-level efficiency and safety of the plant.

The Company’s revenue for the period from January till September of 2011 equaled 41.5 billion rubles which exceeded the identical result of the last year by 20%.

On October 27th, 2011 the Board of Directors of JSC TGC-1 approved the prospectus for the issue of the Company’s bonds. Four tranches of debt securities (3rd, 4th, 5th and 6th series) with the amount of 2 million rubles each will be issued for the period of 10 years. Par value of bonds is one thousand rubles per bond.

Gross electricity output by power plants of JSC TGC-1 in Saint Petersburg, Republic of Karelia, Leningrad Oblast and Murmansk Oblast (including Murmanskaya CHPP) for 9 months of the year 2011 equaled 20,718.5 million kW/h.

According to the annual plan of refurbishment TGC1 finished reconstruction of the 5th unit at Severnaya CHP in St. Petersburg.

TGC-1 starts tests of 5th new hydraulic turbine at Svetogorskaya HPP of Vuoksa Cascade within the complex refurbishment project (2007-2013). Total capacity of the new installed agregate is 30.5 MW.

The Board of Directors has approved the General Director’s report on the results of implementing the business plan of the Company and the progress of investment projects in the 1st half of 2011 during its ordinary meeting.

JSC TGC-1 releases its summary interim consolidated Financial Statements for the six months ended June 30, 2011 prepared in accordance with International Financial Reporting Standards (IFRS).

The second new CCGT-unit (180 MW) of Pervomayskaya CHP has been synchronized with the energy system

JSC TGC-1 publishes its Accounting Statements for the first half of 2011 prepared under Russian Accounting Standards.