Company News

One of the main problems of electricity companies is still consumers’ debts for heating. During the 2011-2012 heating season, an important step was made at Apatity to enhance the transparency of calculations – 90% of house management companies and homeowners' associations switched to direct payments.

On June 21, 2012, TGC-1 set an interest rate of 7.6 % per annum, or 37 rubles 90 kopecks per bond, on its series 03 bonds.

On June 18, 2012, TGC-1 held its Annual General Meeting of shareholders. The shareholders approved the Company’s annual report, financial statements, including the Company’s profit and loss statement, and the distribution of profit for the year 2011.

On June 13, 2012, the annual general shareholders meeting of JSC Murmanskaya CHPP, held in Murmansk, approved the company's annual report and annual financial statements for 2011.

JSC TGC-1 releases its interim abbreviated unaudited consolidated Financial Statements for the 3 months period ended March 31, 2012 prepared in accordance with International Financial Reporting Standards (IFRS).

June 1, 2012: at the Nizhne-Tulomskaya HPP there a fish ladder was opened. This is a unique hydraulic and ecological construction in the Murmansk region. The event was attended by representatives of the Barents Sea Branch of the Wildlife Fund (WWF) and FSI Murmanrybvod.