Company News

The volume of electric energy output produced by the generating enterprises of the Company, including Murmanskaya CHPP, for 6 months of the current year has increased on 4.8 % and has made 15,132 million kW/h.

On July, 11th, 2011 JSC TGC-1 Board of Directors discussed financial questions of CCGT-450 construction of Pravoberezhnaya CHPP project implementation and made the decision to change SPV scheme to issue of bonded loan.

On July, 11th, 2011 the first session of the Board of Directors of JSC TGC-1 was held the new membership which was elected by General Shareholders Meeting of the Company on June, 27th, 2011.

The holders of bonds of JSC TGC-1 of 02 series presented for redemption 2 105 813 securities for an overall amount of 2 105,813 mln RUB that makes 42,1 % of loan total amount.

On June 27, 2011 the Annual General Shareholder Meeting of JSC TGC-1 took place. The Shareholders approved the Company’s Annual Report and Financial Statements for the year 2010 including the Company’s profit and loss statement based on the results of the financial year 2010 and also the distribution of profit for the year 2010.

JSC TGC-1 has fixed 5th -8th annual coupon rate of 02 series bonds as 6,7 per cent par value per annum.

JSC “TGC-1” releases its consolidated unaudited 1Q2011 IFRS results.

June 15, 2011 the Ministry of Energy hold the conference on Problems and Perspectives of Energetic Development.

As a part of the cost control policy of Murmanskaya CHP the Board of Directors of TGC-1 approved foundation of Kolskaya Heating Company Ltd., Murmanskaya CHP subsidiary.

May, 27 in Petrozavodsk TGC-1 took part in the ceremony of Energy Alley Opening.