Company News

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.