TGC-1 concludes a deal to issue green certificates for Beko

18 August 2021

PJSC TGC-1 has concluded a deal to issue I-REC certificates confirming the origin of electricity from renewable sources for the Beko plant in Kirzhach. The deal took place on the Sber blockchain platform.

The electricity produced at the hydroelectric power stations of PJSC TGС-1 allows companies to move towards the decarbonization of production, comply with modern ESG standards and minimize the risk of paying a carbon tax when exporting products to Europe.

Earlier, similar deals with PJSC TGС-1 were also concluded by Shchekinoazot, Siburenergomanagement, PhosAgro and the brewing company AB InBev Efes.

For reference

PJSC TGC-1  (part of the Gazprom Energoholding Group) is a leading producer of electric and heat energy in the North-West region of Russia. It operates 52 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast and Murmansk Oblast. 19 of them are located beyond the Arctic Circle. The installed electric capacity is 6.9 GW, the heating capacity is 13.5 thous. Gcal/hr

Compared to other generating companies in Russia, PJSC TGC-1 has a unique structure of production assets. Hydrogenation accounts for 40% of its installed capacity. These are 40 hydroelectric generating stations with a total capacity of about 3,000 MW.

The Beko trademark belongs to the largest Turkish manufacturing corporate group Arçelik (Arçelik A.Ş). It unites 22 plants located in Turkey, Romania, Russia, China, South Africa, Thailand and Pakistan. Refrigerators and washing machines are produced at the Beko plant in Kirzhach, Vladimir Oblast. The plant's products are sold in Russia, Europe and the CIS countries. In total, the plant employs over 1,100 people.