Company News

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.

JSC TGC-1 releases its 3rd Quarter and 9 months 2010 financial results according to Russian accounting standards.

The Board of Directors of TGC-1 on 27 October 2010 resolved to terminate the contract with JSC Central Moscow Depositary (Tsentralniy Moskovskiy Deposotariy) to maintain shareholders’ registers.

TGC-1 announces the operational results for the 3rd quarter and 9 months 2010.

TGC-1, the largest producer of electricity and heat of the North-West of Russia, is pleased to announce the change of address of its headquarters in St. Petersburg. The Company is moving from the building on Marsovo pole it occupied for over 80 years to a new business-centre in Petrogradsky district.

JSC TGC-1 and Leader Asset Management (ZAO “UK Leader”) inked a preliminary cooperation agreement to establish a joint venture (JV) and arrange project financing for the construction of 450MW CCGT-unit at Pravoberezhnaya CHPP in St. Petersburg.

TGC-1 completed pre-commissioning performance tests of the pilot 180MW CCGT-unit at Pervomayskaya CHPP in St. Petersburg, announced the general director of TGC-1 Boris Vainzikher during the regular session of the City of St. Petersburg government.