JSC TGC-1 topped the rating of NP Market Council for investment program implementation

03 June 2016

Upon results of 2015 JSC TGC-1 topped the rating titled "Generating Companies: Investment Programs Implementation under Capacity Delivery Agreements", published by NP Market Council.

Assessing investment activities the branch experts took into account large-scale renovation of generating capacities in the regions of TGC-1 operations. Reconstruction of the Vuoksa HPPs Cascade and commissioning of new power generating units of Pervomayskaya, Yuzhnaya and Pravoberezhnaya CHPPs are among the largest projects of the Company, implemented in St. Petersburg and the Leningrad Region.

– With support of the shareholders we are successfully implementing obligations to upgrade the North-West energy complex, – Alexey Barvinok, General Director of JSC TGC-1 said. – At present we continue construction of the new 100 MW generating capacity at the site of PP-1, Centralnaya CHPP, to become the final project of the Company under Capacity Delivery Agreements (CDA).

NP Market Council rating takes into account the share of capacity gain under CDA compared to the set capacity, investment program financing plan performance, the share of actual financing provided by the company within the full scope of investment program financing and capacity delivery violations under CDA. The goal is to assess and compare the completeness and promptness of investment programs implementation by the generating companies.