TGC-1 to supply “green” energy for Shchekinoazot Chemical Company

14 July 2021

Shchekinoazot Chemical Company has acquired 5,000 “green” certificates from TGC-1 PJSC, which confirm the origin of energy from renewable sources. The transaction took place on the Sber blockchain platform.

The electricity produced at the hydroelectric power plants of TGC-1 PJSC allows companies to switch to the decarbonization of production, meet modern ESG standards and minimize the risk of paying a carbon fee when exporting products to Europe.

Earlier, TGC-1 PJSC concluded free contracts for the purchase and sale of electricity with Siburenergomanagement, Phosagro and the brewing company AB InBev Efes, and also conducted the largest transaction for the issue of “green” certificates of the I-REC international standard to PJSC Polyus.

For reference

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading producer and supplier of electricity and heat power in the Northwest of Russia. TGC-1 comprises 52 power plants across four constituent entities of the Russian Federation: Saint Petersburg, the Republic of Karelia, the Leningrad and Murmansk Regions.

Unlike other Russian generating companies, TGC-1 has a unique structure of production assets. Hydrogeneration accounts for 40% of its installed capacity. These are 40 HPPs with a total capacity of circa 3,000 MW.

Shchekinoazot OJSC is one of the leaders in the production of industrial chemicals and chemical equipment, a major exporter of products to the countries of Western and Eastern Europe and the CIS, Asia, the United States and Latin America.

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