Company News

TGC-1 announces that it successfully finished pre-commissioning testing of a new 29.5MW hydraulic unit at Lesogorskaya hydroelectric power plant (HPP) of Vuoksa cascade in the Leningrad region. The main equipment and automatic control system of the new turbine have worked in a normal mode during the tryout. Currently the final tune-up is underway at the station as it readies for a start of commercial operation.

Standard & Poor's Governance Services affirmed its Governance, Accountability, Management Metrics and Analysis (GAMMA) score of JSC TGC-1 at the level of GAMMA-5.

During the inspection the prime minister was told that the new combined cycle gas turbine (CCGT) unit, whose construction started in 2008, met the highest environmental standards, and that it would significantly increase electricity generation. The new CCGT unit will have electricity generating capacity of 450 MW, and heat capacity of 341 Gcal/h.

JSC “TGC-1” and JSC “ElectroCentroMontazh” announce the establishment of a special-purpose repairs and maintenance (R&M) joint venture (JV) LLC “TGC-1-Service”.

TGC-1 releases operational results for year ended December 31, 2010.

The Board of Directors of TGC-1, at its regular meeting, approved the dividend policy regulations of the Company, which defines the principles of distribution of Company’s profit.

The Board of Directors of TGC-1 approved the 2011 investment program and business-plan of the Company.

TGC-1 published 2011 financial calendar on its website.

The Board of Directors of TGC-1 on 27 October 2010 resolved to approve the conclusion of contract to to maintain Company's shareholders’ registers with CJSC "SR-DRAGa" starting from December 23, 2010.

TGC-1 releases its unaudited consolidated report under IFRS for the period ended September 30, 2010.