Company News

The autoformer at Ondskaya HPP is finally rebuilt. It is the head station of Vygsky cascade of HPPs, which provides flow control and defines the parameters of all power generated by all cascade’s plants.

JSC TGC-1 releases its interim abbreviated unaudited consolidated Financial Statements for the 6 months period, ended June 30, 2012 prepared in accordance with International Financial Reporting Standards (IFRS).

Traditional meeting of Finnish ecologists and hydroenergetics specialists from Russia and Norway was held in the village of Lake Inari Nellim from 22 to 24 August. It was organized by the Center for Economic Development, Transport and the Environment Province of Lapland (Finland).

According to Karelia’s hydrometeorology and environment monitoring center, the equivalent of one month’s worth of rain fell on the basin of the River Nizhny Vyg in less than 12 hours on 8 August. First the dam at Lake Soldatskoe was breached, after which the nearby railroad bed was washed out, with water rushing through and forcing its way to the Matkonezhsky Stream dam. Soon after, the water level rose above the dam crest, causing destruction of the dam’s water-retaining structures.

TGC-1 has published its financial report for the first half of 2012 under Russian financial accounting standards.

TGC-1 has drawn its production results the results of its production activity in the first half of 2012.