Company

TGC-1 is the leading producer of electricity and heat in the North-West region of Russia. It operates 53 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast.

Unlike other Russian generating companies, TGC-1 has a unique structure of production assets: hydro generation accounts for 40% of installed capacity, with total capacity of 3,000 MW.

The Company includes 13 cogeneration plants with a total capacity of 4,000 MW. These are strategic sources of heat energy for the population and industry of St. Petersburg, Petrozavodsk, Murmansk, Kirovsk city in Leningrad Oblast and Apatity and Kirovsk in Murmansk Oblast. The Company’s share of the heat energy market is about 55% in St. Petersburg, about 80 % in Petrozavodsk, 75% in Murmansk, and 100% in Kirovsk and Apatity.

TGC-1 is one of the largest investors in the region. In its investment activity, the Company’s primary focus is on projects aimed at environmental protection, improving energy efficiency and environmental safety of power facilities.

The installed electric capacity of the сompany’s stations amounted to 7 GW and heating capacity of 13,6 thous GCal/hr. Generated electric energy primarily goes to the domestic wholesale market and is partially exported to Finland and Norway.

TGC-1’s shares are traded in the main trading area of the Russian securities market the Moscow Exchange. Securities trades are affected on the securities market of the Moscow Exchange in two sectors: Main market (Sector T+2), Classica. TGC-1’s shares are included in the "Level 1" Quotation List.

Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).