Company News

Following the results of the Committee of the Ministry of Power of the Russian Federation, the Act of Readiness of TGC-1 for the autumn and winter period of 2017/18 was signed and the Certificate of Readiness was handed

TGC-1 releases unaudited interim consolidated Financial Statements for the 9 months period, ended 30 September 2017 prepared in accordance with International Financial Reporting Standards (IFRS).

TGC-1 power specialists have completed major repair of hydroelectric unit No. 2 at Vygostrovskaya HPP of the Vyg HPPs Cascade

TGC-1's interactive annual report for 2016 that was designed in cooperation with 2PR received a platinum award at MarCom Awards-2017, a prestigious international competition of design projects in the field of marketing, corporate communications and PR

TGC-1 published its 9 months 2017 financial statements under the Russian Accounting Standards (RAS).

Electricity generation of TGC-1, including PJSC Murmanskaya CHPP, for 9 months of 2017 comprised 20,883.6 million kWh, which is 3% more than in the respective period of 2016.

On 5 and 6 October 2017, the 7th Russian-Norwegian Days of Cross-Border Cooperation were held in the Murmansk Oblast

On 29 September 2017, Fitch Ratings affirmed long-term Issuer Default Rating (IDR) of TGC-1 in foreign and national currency at 'ВВ+' level, Outlook Stable, and short-term Issuer Default Rating in foreign and national currency at 'В' level.

On September 21, 2017, Standard & Poor’s Global Ratings revised TGC-1 outlook to ‘Positive’ from ‘Stable’ thanks to the improvement of the Company's performance indicators. Meanwhile, the Company's long-term and short-term corporate credit ratings were confirmed at ‘ВВ+/В’ levels correspondingly.

Special events were held in Volhov, Leningrad Oblast, in honour of the 75th anniversary of the breach of the Leningrad energy blockade