* EBITDA is calculated as Operating profit + Depreciation and Amortization.

Consolidated TGC-1 Group revenue for 3M 2022 increased by 11.9% year-on-year, up to RUB 36,379 mln. The revenue growth resulted from increased electricity spot prices and growing electricity and heat demand in the North-West region on the back of lower air temperature in 1Q 2022.

Group’s comparable operating expenses increased by 7.2%, up to RUB 28,753 mln year-on-year, mainly, on the account of growing fuel expenses, on the back of increased CHPs production.

Group’s operating profit increased to RUB 7,677 mln, up by 41.4%, EBITDA for the period amounted to RUB 10,882 mln (+31.0%). Profit for the period amounted to RUB 6,266 mln (+42.5%).

Full TGC-1 3M 2022 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat 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. Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholders are Gazprom Energoholding LLC (51.79 %).

* EBITDA = profit before taxation – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.

The Company’s revenue amounted to RUB 33 billion 925.7 million, which is 7.7% higher than for the same period of 2021. The revenue increase resulted from growing electricity spot prices and increased electricity and heat demand in the North-West on the back of lower air temperature in 1Q 2022.

Production costs increased by 2.2% to RUB 26 billion 025.1 million, resulting from increased production volume.

TGC-1's gross profit increased to RUB 7 billion 900.6 million. EBITDA amounted to RUB 10 billion 224.1 million. Net profit amounted to RUB 6 billion 711.8 million (+36.4%).

To find out more about the financial performance of TGC-1 for the 3M 2022, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

TGC-1 CHPPs production in 1Q 2021 grew by 4.9% on the back of growing demand for electricity in the North-West. Comparable HPPs output decreased by 2.5% vs. high water factor in 1Q 2021.

TGC-1 electricity output summary (million kWh)

The volume of heat output from collectors of TGC-1, including JSC Murmanskaya CHPP, comprised 9,689.8 thousand Gcal, which is 8.5% lower than for 3M 2021 due to higher ambient temperatures in the reporting period.

TGC-1 heat output summary (thousand Gcal)

For more information about the results of the company’s production performance, please visit the Reports section of the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

_{* EBITDA = Operating profit + Depreciation and Amortization + Accrual on non-financial assets impairment - Reversal on non-financial assets impairment}  

Consolidated TGC-1 Group revenue for 2021 increased by 15.1% year-on-year, up to RUB 102,280 mln. Electricity and heat sales growth resulted from lower air temperature during 2021 heating season, earlier heating season start in 2021, as well as electricity consumption revival on the back of partial restrictions cancellation for business activity.

Group’s comparable operating expenses increased by 20.9%, up to RUB 93,023 mln year-on-year, mainly, on the account of growing fuel expenses and energy purchases, on the back of increased production.

Group’s operating profit decreased to RUB 9,513 mln, EBITDA amounted to RUB 22,882 mln. Profit for the period amounted to RUB 7,114 mln.

Full TGC-1 12M 2021 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat 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. Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholders are Gazprom Energoholding LLC (51.79 %).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

2020FY

2021FY

Revenue

84,158.2

97,672.9

Costs

(74,190.2)

(85,884.8)

Gross Profit

9,968.0

11,788.0

EBITDA*

15,677.7

17,983.3

Net profit

6,763.3

8,675.2

^{* EBITDA = profit before taxation – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.}

The Company’s revenue amounted to RUB 97 billion 672.9 million, which is 16.1% higher than for the same period of 2020. The main factor of the revenue increase was growing wholesale electricity and heat demand in the North-West on the back of lower air temperature.

Production costs increased by 15.8% to RUB 85 billion 884.8 million, resulting from increased production volume. The main cause for the costs growth was growing fuel expenses, on the back of increased electricity and heat production.

TGC-1's gross profit increased to RUB 11 billion 788.0 million. EBITDA amounted to RUB 17 billion 983.3 million. Net profit amounted to RUB 8 billion 675.2 million (+28.3%).

To find out more about the financial performance of TGC-1 for the 2021FY, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

CHPPs production for 2021 grew by 16%, mainly on the back of growing demand for electricity in the North-West, as well as increased demand for generating equipment at the wholesale market of electricity and capacity.

TGC-1 electricity output summary (million kWh)

The volume of heat output from TGC-1collectors, including JSC Murmanskaya CHPP, comprised 26,145.3 thousand Gcal, which is 13.4% higher year-on-year, due to lower ambient temperatures.

TGC-1 heat output summary (thousand Gcal)

For more information about the results of the company’s production performance, please visit the Reports section of the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

In 2021 TGC-1 electricity output, including JSC Murmanskaya CHPP, comprised 30,137.2 million kWh, up by 8% year-on-year.

CHPPs production for 2021 grew by 16%, mainly on the back of growing demand for electricity in the North-West, as well as increased demand for generating equipment at the wholesale market of electricity and capacity.

TGC-1 electricity output summary (million kWh)

The volume of heat output from TGC-1collectors, including JSC Murmanskaya CHPP, comprised 26,145.3 thousand Gcal, which is 13.4% higher year-on-year, due to lower ambient temperatures.

TGC-1 heat output summary (thousand Gcal)

For more information about the results of the company’s production performance, please visit the Reports section of the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

The credit rating is based upon adequate market position, good business-profile, corporate governance, geographic diversification, high profitability, low debt factor and high liquidity.

The agency assumes that the credit rating is constrained by medium scale of the business and regulatory risks, and it is aided by possible support from Gazprom.

Forecast “Stable” means that the rating probably won’t be changed in 12-18 months.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heat capacity of 13.5 thous. Gcal/hr. Major shareholder is Gazprom Energoholding LLC

* EBITDA is calculated as Operating profit + Depreciation and Amortization.

Consolidated TGC-1 Group revenue for 9M 2021 increased by 16.4% year-on-year, up by RUB 10,106 mln. This resulted mostly from growing electricity and heat sales.

Group’s operating expenses increased by 18.0%, up by RUB 9,579 mln year-on-year, to 62,799 mln, mainly, on the account of growing fuel expenses and electricity and capacity purchases, on the back of increased production.

Hence, Group’s comparable operating profit increased to RUB 9,181 mln (+11.5%) year-on-year. EBITDA amounted to RUB 17,830 mln, up by 7.9% year-on-year.

Profit for the period amounted to RUB 7,207 mln, up by 13.1%.

Full TGC-1 9M 2021 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat 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. Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholders are Gazprom Energoholding LLC (51.79 %).

TGC-1 electricity output summary (million kWh)

The volume of heat output from collectors of TGC-1, including JSC Murmanskaya CHPP, comprised 17,258.6 thousand Gcal, which is 12.77% higher year-on-year, due to lower ambient temperatures in January-September 2021 and earlier heating season start in September 2021.

TGC-1 heat output summary (thousand Gcal)

For more information about the results of the company’s production performance, please visit the Reports section of the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.99%).

* EBITDA = profit before taxation — interest receivable + interest payable — revenue from participation in other companies + depreciation & amortization.

The Company’s revenue amounted to RUB 68 billion 555.3 million, which is 17.4% higher than for the same period of 2020. Among the factors of the revenue increase there were growing wholesale electricity and heat demand in the North-West and growing heat output on the back of lower air temperature in the heating period of 2021.

Production costs increased by 14.7% to RUB 60 billion 618.4 million, resulting from increased production volume. The main cause for the costs growth was growing fuel expenses, on the back of increased electricity and heat production.

TGC-1’s gross profit increased to RUB 7 billion 936.8 million. EBITDA amounted to RUB 14 billion 244.1 million. Net profit amounted to RUB 7 billion 144.7million (+58.9%).

To find out more about the financial performance of TGC-1 for the 9M 2021, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholder are Gazprom Energoholding LLC (51.79%).

_{* EBITDA is calculated as Operating profit + Depreciation and Amortization.}

Consolidated TGC-1 Group revenue for 6M 2021 increased by 16.2% year-on-year, up by RUB 7,648 mln. This resulted from growing electricity consumption, growing prices at liberalized sectors of the wholesale market, as well as weather factor. The revenue includes subsidies from St. Petersburg and Murmansk Oblast amounting to RUB 2,355 mln.

Group’s operating expenses increased by 17.6%, up by RUB 6,799 mln year-on-year, to 45,349 mln, mainly, on the account of growing fuel expenses and electricity and capacity purchases, on the back of increased production and exports.

Group’s comparable operating profit increased by RUB 1,076 mln (+12.7%) year-on-year.

EBITDA amounted to RUB 15,302 mln, up by 11.5% year-on-year, mostly on the account of growing operating profit.

Profit for the period amounted to RUB 7,698 mln, up by 14.0%.

Full TGC-1 6M 2021 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat 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.

Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

TGC-1 CHPPs comparable production in H1 2021 grew by 12.9%, HPPs output grew by 1.5%. The production growth resulted from increased demand for electricity in the North-West and demand for the Company capacity at the wholesale electricity and capacity market.

TGC-1 electricity output summary (million kWh)

Lower air temperature in January-March 2021 resulted in heat output from collectors of TGC-1 growth to 14,879.5 thousand Gcal, including JSC Murmanskaya CHPP. The growth amounted to 11.6% year-on-year.

TGC-1 heat output summary (thousand Gcal)

For more information about the results of the Сompany’s production performance, please visit the Reports section of the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

^{* EBITDA = profit before taxation – interest receivable – exchange rate differences (positive) + interest payable + exchange rate differences (negative) – revenue from participation in other companies + depreciation & amortization.}

^{** EBITDA for 6M 2020 was adjusted due to methodical changes since January 1 2021: exchange rate differences excluded}

The Company’s revenue amounted to RUB 52 billion 461.9 million, which is 16.7% higher than for the same period of 2020. The revenue grew on the account of increased revenue from heat sales (+16.8%), on the back of lower air temperature in the heating period, as well as increased revenue from electricity and capacity sales (+17.0%) on the back of demand increase for the Company capacity and prices at the liberalized sectors of thrwholesale electricity and capacity market, as well  as favorable price dynamics at Nord Pool, resulting in exports revenue growth.Production costs increased by 12.8% to RUB 43 billion 446.5 million on the account of growing production.

TGC-1's gross profit increased to RUB 9 billion 015.4 million. EBITDA amounted to RUB 13 billion 546.3 million. Net profit amounted to RUB 8 billion 053.7 million (+47.7%).

To find out more about the financial performance of TGC-1 for the 6M 2021, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heat capacity of 13.5 thous. Gcal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

TGC-1's revenue for 2020 totalled RUB 84 billion 158.2 million, gross profit — RUB 9 billion 968.0 million, and net profit — RUB 6 billion 763.3 million. 

The Annual General Shareholder Meeting resolved to allocate RUB 2 billion 637.0 million of the net profit for 2020 to the disposal of the Company.

The dividends for 2020 will be paid to TGC-1 shareholders in the amount of RUB 0.001070552 per ordinary share of the Company in monetary form.

The TGC-1 Annual General Shareholders Meeting elected the following persons to the Board of Directors:

1. Parviz Abdushukurov

2. Dmitry Borovikov

3. Vadim Vederchik

4. Alexander Ivannikov

5. Vitaly Markelov

6. Mario Mazidowski

7. Gennady Sukhov

8. Denis Fedorov

9. Andrey Khorev

10. Alexander Chuvaev

11. Pavel Shatsky

The General Shareholders Meeting resolved to approve the revised Articles of Association and internal documents regulating the activities of the Company's bodies.

JSC BDO Unicon was approved as the Company's Auditor.

About

TGC-1 is the leading producer of electricity and heat 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.

Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

_{^{* EBITDA is calculated as Operating profit + Depreciation and Amortization.}}

Consolidated TGC-1 Group revenue for 3M 2021 increased by 17.2% year-on-year, up to RUB 32,503 mln. This resulted from growing demand for electricity and heat in the North-West, on the back of lower temperature during Q1 2021 year-on-year, as well as growing revenue from exports, resulting from favorable situation at Nord Pool market and growing DAM prices.

Group’s comparable operating expenses increased by 21.7%, up to RUB 26,815 mln, mainly, on the account of growing fuel expenses, on the back of growing production, as well as growing electricity and capacity purchases.

Group’s comparable operating profit increased marginally to RUB 5,429 mln, EBITDA amounted to RUB 8,308 mln (+3.5%). Profit for the period amounted to RUB 4,396 mln, up by 0.5%.

Full TGC-1 3M 2021 results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat 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.

Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

_{* EBITDA = profit before taxation – interest receivable – exchange rate differences (positive) + interest payable + exchange rate differences (negative) – revenue from participation in other companies + depreciation & amortization.}

_{** EBITDA for 3M 2020 was adjusted due to methodical changes: exchange rate differences influence excluded}

The Company’s revenue amounted to RUB 31 billion 492.1 million, which is 18.2% higher than for the same period of 2020. The main factors of the revenue increase were growing electricity and heat demand in the North-West region, on the back of lower air temperature in Q1 2021; growing DAM prices and increased revenue from electricity exports, resulting from favorable market situation at Scandinavian Nord Pool.

Production costs increased by 17.2% to RUB 25 billion 464.5 million on the account of growing production.

TGC-1's gross profit increased to RUB 6 billion 027.6 million. EBITDA amounted to RUB 7 billion 897.0 million. Net profit amounted to RUB 4 billion 921.2 million (+20.2%).

To find out more about the financial performance of TGC-1 for the 3M 2021, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heat capacity of 13.5 thous. Gcal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

TGC-1 CHPPs production in Q1 2021 grew by 16.9% on the back of growing demand for electricity in the North-West region, comparable HPPs output grew by 1.6%.

TGC-1 electricity output summary (million kWh)

The volume of heat output from collectors of TGC-1, including JSC Murmanskaya CHPP, comprised 10,590.83 thousand Gcal, which is 21.3% higher than for 3M 2020 due to the lower ambient temperatures.

TGC-1 heat output summary (thousand Gcal)

For more information about the results of the company’s production performance, please visit the Reports section of the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholders are Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).

_{^{* EBITDA is calculated as Operating profit + Depreciation and Amortization.}}

Consolidated TGC-1 Group revenue for 2020FY decreased by 8.6% year-on-year, down to RUB 88,889 mln. The revenue from electricity and heat sales decrease resulted from unusually warm weather during the heating season of 2020 and lower electricity consumption on the back of restrictions for businesses and organizations.

Group’s comparable operating expenses decreased by 10.1%, down to RUB 76,913 mln, on the account of lower fuel expenses and electricity and capacity purchases, on the back of lower production.

Group’s operating profit decreased to RUB 10,824 mln, EBITDA amounted to RUB 21,935 mln. Profit for the period amounted to RUB 8,253 mln, up by 3.3%. The profit dynamics was influenced, among other factors, by lower financial expenses.

Full TGC-1 2020FY results under IFRS are available at the corporate website in the “Reports” section.

About

TGC-1 is the leading producer of electricity and heat 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.

Installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13,5 thous. GCal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

_{^{* EBITDA = profit before taxation – interest receivable + interest payable – revenue from participation in other companies + depreciation & amortization.}}

_{^{** Due to the change of the Accounting Statute 18/02 “Accounting for corporate income tax calculations” from the 1st January 2020, results were indicated in comparable terms.}}

The Company’s revenue amounted to RUB 84 billion 158.2 million, which is 7.4% lower than for the same period of 2019. The main factors of the revenue decrease were lower electricity and heat consumption, resulting from the following: unusually high temperature during heating period and restrictions for businesses and organizations.

Against the background of lower electricity price, negative revenue dynamics were limited by decrease of inefficient condensing production at CHPPs.

Production costs decreased by 6.1% to RUB 74 billion 190.2 million.

TGC-1's gross profit decreased to RUB 9 billion 968.0 million. EBITDA amounted to RUB 15 billion 677.7 million, net profit amounted to RUB 6 billion 763.3 million.

To find out more about the financial performance of TGC-1 for the 2020FY, please visit the Reports section at the corporate website.

About

TGC-1 (part of the Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1 installed electric capacity of the Company’s stations amounts to 6.9 GW and heating capacity of 13.5 thous. Gcal/hr. Major shareholder is Gazprom Energoholding LLC (51.79%).

As the demand for electricity in the North-West energy system declined, the company introduced certain measures to optimize its production activities.  High water content throughout 2020 in the regions of its operation, allowed the company to redistribute the load from CHPPs to HPPs since the latter possess more efficient energy-generating equipment. In this case, the electricity output by hydro power plants increased by 13.5%, and the comparable electricity output at TGC-1 at the combined heat and power plants of TGС-1 decreased by 11.7%.

TGC-1 electricity output summary (million kWh)

The volume of heat output from collectors of TGC-1, including JSC Murmanskaya CHPP, comprised 23,046.9 thousand Gcal, which is 4.7% lower than for the 2019 due to the higher ambient temperatures in the heating period of 2020.

TGC-1 heat output summary (thousand Gcal)

For more information about the results of the company’s production performance, please visit the Reports section of the corporate website.

About

TGC-1 (part of Gazprom Energoholding Group) is a leading producer and supplier of electricity and heat in the North-West of Russia. TGC-1 comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

TGC-1's installed electric capacity is 6.9 GW, and heat capacity is 13.5 thousand Gcal/h. Major Shareholders: Gazprom Energoholding LLC (51.79%) and Fortum Power and Heat Oy (29.45%).