Company

TGC-1 JSC is the leading producer of electricity and heat in the North-West region of Russia and the third largest territorial generating company in Russia in terms of installed capacity. It operates 55 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 41.5 % of installed capacity, with total capacity of 3000 MW.

The Company includes 14 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 city 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 JSC 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.

TGC-1 has installed electric capacity about 7000 MW and installed heat capacity near 15000 GCal/h. Generated electric energy primarily goes to the domestic wholesale market and is partially exported to Finland and Norway.

Major shareholders are Gazprom Energoholding LLC (51.79 %) and Fortum Power and Heat Oy (25.66 %).