TGC-1https://www.tgc1.ru/Official Site of TGC-1 JSC, the leading producer of electricity and heat in the North-West region of RussiaruTue, 21 May 2024 04:08:15 +0300Tue, 21 May 2024 04:08:15 +0300TYPO3http://blogs.law.harvard.edu/tech/rssnews-26371Thu, 28 Apr 2022 16:47:53 +0300TGC-1 1Q 2022 RAS Net Profit Increased by 36.4%https://www.tgc1.ru/en/press-center/company-news/news-item/item/26378/TGC-1 releases 3M 2022 financial statements under the Russian Accounting Standards (RAS)TGC-1 releases 3M 2022 financial statements under the Russian Accounting Standards (RAS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

3M 2021

3M 2022

Revenue

31,492.1

33,925.7

Costs

(25,464.5)

(26,025.1)

Gross Profit

6,027.6

7,900.6

EBITDA*

7,892.6

10,224.1

Net profit

4,921.2

6,711.8

* 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%).

 

Media Relations

Investor Relations

+7 (812) 688-32-84

Press@tgc1.ru

+7 (812) 688-35-04

ir@tgc1.ru

 

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news-26350Thu, 21 Apr 2022 14:42:36 +0300TGC-1 Announces Operational Results for 1Q 2022https://www.tgc1.ru/en/press-center/company-news/news-item/item/26352-1/In January-March 2022 electricity output of TGC-1, including JSC Murmanskaya CHPP, comprised 9,376.9 million kWh, up by 2.3% year-on-year.In January-March 2022 electricity output of TGC-1, including JSC Murmanskaya CHPP, comprised 9,376.9 million kWh, up by 2.3% year-on-year.

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)

 

3М 2021

3М 2022

Change

Nevsky branch

6,192.9

6,405.0

+3.4%

Karelsky branch

1,095.5

1,008.6

-7.9%

Kolsky branch

1,873.3

1,955.7

+4.4%

TGC-1 total

9,161.7

9,369.3

+2.3%

JSC Murmanskaya CHPP

7.55

7.58

+0.4%

TGC-1 total, including JSC Murmanskaya CHPP

9,169.3

9,376.9

+2.3%

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)

 

3М 2021

3М 2022

Change

Nevsky branch

8,437.0

7,735.7

-8.3%

Karelsky branch

771.7

691.6

-10.4%

Kolsky branch

568.9

519.0

-8.8%

TGC-1 total

9,777.6

8,946.3

-8.5%

JSC Murmanskaya CHPP

813.2

743.6

-8.5%

TGC-1 total, including JSC Murmanskaya CHPP

10,590.8

9,689.8

-8.5%

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%).

 

Media Relations

Investor Relations

+7 (812) 688-32-84

Press@tgc1.ru

+7 (812) 688-35-04

ir@tgc1.ru

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news-26085Fri, 11 Mar 2022 13:14:21 +0300TGC-1 releases IFRS Financial Statements for 2021https://www.tgc1.ru/en/press-center/company-news/news-item/item/26087-1/TGC-1 releases audited consolidated Financial Statements for the 12 months period, ended December 31, 2021 prepared in accordance with International Financial Reporting Standards (IFRS).TGC-1 releases audited consolidated Financial Statements for the 12 months period, ended December 31, 2021 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

12M 2020

12M 2021

Revenue

88,889

102,280

Operating Expenses

(76,913)

(93,023)

Operating Profit

10,824

9,513

EBITDA*

23,229

22,882

Profit for the Period

8,253

7,114

* 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 %).


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news-26070Fri, 04 Mar 2022 09:09:56 +0300New Working Wheel Installed at Verkhne-Tulomskaya HPP of TGC-1https://www.tgc1.ru/en/press-center/company-news/news-item/item/26081/TGC-1 PJSC continues sweeping upgrade of the Verkhne-Tulomskaya HPP.TGC-1 PJSC continues sweeping upgrade of the Verkhne-Tulomskaya HPP. In the course of the project, a new working wheel was installed in the turbine pit of hydroelectric unit No.3

The upgrade project provides for increasing the capacity of hydroelectric units while keeping working wheels of the same rotary vane type. The equipment, 4.3 m in diameter and weighing 46 tons, was transferred to its original location using an overhead crane. The working wheel for the Verkhne-Tulomskaya HPP was delivered assembled from the manufacturer's plant, which significantly reduced the time of installation works. The equipment was manufactured by Tyazhmash JSC in Syzran.

“So far this is the third hydroelectric unit at the Verkhne-Tulomskaya HPP to undergo a complete renovation. The work is carried out according to the schedule," said Oleg Tyapinov, Chief Engineer, Kolsky Branch of TGC-1 PJSC.

The Verkhne-Tulomskaya HPP upgrade project includes a complete step-by-step replacement of all hydroelectric units of the plant, of control, safety, and automation systems.

Detailed project information is available on https://www.tgc1.ru/press-center/special/2020/modernizacija-verkhne-tulomskoi-gehs/

For reference:

The Verkhne-Tulomskaya HPP is a part of the Tuloma and Serebryanskiye HPPs Cascade of TGC-1 PJSC. It is the largest hydroelectric power plant in the Northwest of Russia. Four hydroelectric units with a total capacity of 284 MW have been installed at the Verkhne-Tulomskaya HPP. Its machine room is located at a depth of 50 meters below the ground level.

TGC-1 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.

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news-26063Wed, 02 Mar 2022 16:05:27 +0300TGC-1 Releases 2021FY RAS Financial Resultshttps://www.tgc1.ru/en/press-center/company-news/news-item/item/26066/TGC-1 releases 2021FY financial statements under the Russian Accounting Standards (RAS).

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%).

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news-26022Thu, 17 Feb 2022 12:35:32 +0300A meeting of the Representatives of the three countries was held on the regulation of Lake Inarihttps://www.tgc1.ru/en/press-center/company-news/news-item/item/26074/Representatives from Russia, Norway and Finland held an annual meeting on the water management of the Finnish Lake Inari, the resources of which are used by Russian and Norwegian HPPs.Representatives from Russia, Norway and Finland held an annual meeting on the water management of the Finnish Lake Inari, the resources of which are used by Russian and Norwegian HPPs.

For the second year in a row, the trilateral meeting is held online. TGC-1 PJSC was represented by Stanislav Nazarov, Deputy Managing Director and Director of the Kolsky Branch, Oleg Tyapinov, Chief Engineer of the Kolsky Branch, and Nikolay Vorobyev, Director of the Paz HPPs Cascade.

The parties discussed issues of joint water use, determined the optimal operation modes for hydroelectric power plants and agreed on a water release schedule for 2022.

“Last year, we faced the extraordinary situation of significant rainfall in October. This required a quick coordination of changes in the operation modes of Russian and Norwegian hydroelectric power plants. The prompt solution of the problem once again demonstrated the complete mutual understanding, effective and well-established trilateral cooperation,” Stanislav Nazarov emphasized.

As part of the trilateral cooperation, the creation of a hydrological information bank and a hydrological model of the Paz River basin, covering the entire watershed, is ongoing. Such an information base will improve the efficiency of information exchange and the accuracy of water regulation.

Reference

The trilateral agreement on Lake Inari water management by means of Kaitakoski HPP was signed in 1959 between the governments of the USSR, Norway and Finland. The subject of the agreement is the water level control in Lake Inari, located on the territory of Finland, and the Paz River flowing out of the lake and passing through the territory of Finland, Russia, and Norway.

The river has seven hydroelectric power plants, five of them are combined into the Paz HPPs Cascade of TGC-1 PJSC and the rest two are a part of the energy complex of Norway.

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news-25946Fri, 28 Jan 2022 14:35:37 +0300TGC-1 Releases 2021 Operational Performance Results https://www.tgc1.ru/en/press-center/company-news/news-item/item/25950/In 2021 TGC-1 electricity output, including JSC Murmanskaya CHPP, comprised 30,137.2 million kWh, up by 8% year-on-year. 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)

 

2020

2021

Change

Nevsky branch

16,781.6

18,879.7

+12.5%

Karelsky branch

4,061.4

3,972.5

-2.2%

Kolsky branch

7,052.1

7,268.2

+3.1%

TGC-1 total

27,895.1

30,120.4

+8.0%

JSC Murmanskaya CHPP

16.6

16.8

+1.2%

TGC-1 total, including JSC Murmanskaya CHPP

27,911.7

30,137.2

+8.0%

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)

 

2020

2021

Change

Nevsky branch

18,040.2

20,609.2

+14.2%

Karelsky branch

1,628.0

1,851.2

+13.7%

Kolsky branch

1,367.6

1,518.0

+11.0%

TGC-1 total

21,035.8

23,978.4

+14.0%

JSC Murmanskaya CHPP

2,011.1

2,166.9

+7.7%

TGC-1 total, including JSC Murmanskaya CHPP

23,046.9

26,145.3

+13.4%

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)

 

2020

2021

Change

Nevsky branch

16,781.6

18,879.7

+12.5%

Karelsky branch

4,061.4

3,972.5

-2.2%

Kolsky branch

7,052.1

7,268.2

+3.1%

TGC-1 total

27,895.1

30,120.4

+8.0%

JSC Murmanskaya CHPP

16.6

16.8

+1.2%

TGC-1 total, including JSC Murmanskaya CHPP

27,911.7

30,137.2

+8.0%

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)

 

2020

2021

Change

Nevsky branch

18,040.2

20,609.2

+14.2%

Karelsky branch

1,628.0

1,851.2

+13.7%

Kolsky branch

1,367.6

1,518.0

+11.0%

TGC-1 total

21,035.8

23,978.4

+14.0%

JSC Murmanskaya CHPP

2,011.1

2,166.9

+7.7%

TGC-1 total, including JSC Murmanskaya CHPP

23,046.9

26,145.3

+13.4%

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%).

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news-25790Wed, 29 Dec 2021 12:02:33 +0300Power engineers of TGC-1 increase the operational reliability of Kondopozhskaya HPP and Palyeozerskaya HPPhttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25828/Power engineers of the Karelsky Branch of TGC-1 PJSC have completed replacement of generator breakers on five hydroelectric generators of two power plants of the Suna HPPs Cascade.Power engineers of the Karelsky Branch of TGC-1 PJSC have completed replacement of generator breakers on five hydroelectric generators of two power plants of the Suna HPPs Cascade.

Works on replacement of breakers, including installation, testing and commissioning of the equipment have been performed for half a year with active participation of the HPP staff, employees of Production and Technical Division and electrotechnical laboratory of the Suna HPPs Cascade.

“The new vacuum breakers are more advanced and high-speed in comparison to their predecessors. The upgrade of the equipment is crucial to increase the operational reliability of Kondopozhskaya HPP and Palyeozerskaya HPP, it helps to significantly reduce the failure occurrence risk and protect the equipment from damage”, said Nikolai Chesnokov, Chief Engineer of the Suna HPPs Cascade of TGC-1 PJSC.

Reference

TGC-1 PJSC 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, Leningrad and Murmansk Oblasts.

The Karelsky Branch unites 16 hydroelectric power plants into three HPPs cascades – Vyg, Suna and Kem, and Petrozavodskaya Combined Heat and Power Plant (CHPP). The hydroelectric potential of the region has been developed in the basins of the Suna, Vyg, and Kem rivers. The total power of the power plants of TGC-1 PJSC in the Republic of Karelia: electric power — 833.7 MW, thermal power — 689 GCal/h.

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news-25788Tue, 28 Dec 2021 18:10:27 +0300Gazprom enhances stability of power supply in southwest Saint Petersburghttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25825/Today in Saint Petersburg Avtovskaya CHPP of TGС-1 PJSC (part of Gazprom Energoholding Group) launched modernized turbine unit No. 7.Today in Saint Petersburg Avtovskaya CHPP of TGС-1 PJSC (part of Gazprom Energoholding Group) launched modernized turbine unit No. 7.

Alexey Miller, Chairman of the Gazprom Management Committee, and Alexander Beglov, Governor of Saint Petersburg, took part in the event over video conference calls.

Avtovskaya CHPP, operating since 1956, is one of the most important energy sources in the southwest of Saint Petersburg. It provides electric and thermal energy to residents of the Admiralteysky, Moskovsky, Kirovsky and Krasnoselsky districts, 236 medical, children's, educational and cultural institutions, including the National Library of Russia, as well as metro and railway infrastructure facilities.

The modernization increased reliability of heat and power supply to consumers. As part of the process, the main technological equipment of turbine unit No. 7, auxiliary equipment and engineering systems were replaced. Notably, a new generator equipped with an air-cooling system was installed, as well as a new turbine with a modern control system. All equipment is made in Russia. The capacity of the turbine unit was increased from 97 to 116.4 MW, the heat load - from 174 to 188.4 Gcal/h.

Digital technologies were used in the project to create the most accurate 3D model of the modernized equipment. Construction control in a digital environment enabled construction without suspending production, the plant continued to supply energy to consumers throughout renovation.

The modernization of turbine unit No. 7 is the first stage of renovation of Avtovskaya CHPP. The second stage will include modernization of turbine unit No. 6 and renovation of utility infrastructure.

Reference

In 2019 Gazprom Energoholding completed the large-scale investment program to create new capacities under Capacity Supply Agreements (CSA). 36 projects to construct and modernize generating facilities with the total capacity of approximately 9 GW were implemented in total.

As part of CMPCS, the new investment cycle of modernization of power industry equipment, Gazprom Energoholding is planning to modernize facilities with a total capacity of over 3 GW in 2022-2027. This includes comprehensive renovation of electric and heat generating facilities of Moscow and Saint Petersburg and construction of two steam and gas power units at the Novocherkassk SDPP.

Modernization of turbine unit No. 7 of Avtovskaya CHPP became the first project in Russia implemented as part of the new state energy program, Competitive Modernization Project Capacity Selection (CMPCS) for 2022-2024.

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news-25736Fri, 24 Dec 2021 12:08:57 +0300TGC-1 Tied Up a Debut International Deal to Sell Green Certificates https://www.tgc1.ru/en/press-center/company-news/news-item/item/25793/This is the first deal between TGC-1 and a foreign company.TGC-1 PJSC and STX Commodities B.V. from the Netherlands have tied up a sale/purchase agreement for I-REC green certificates.  This is the first deal between TGC-1 and a foreign company.

STX Commodities B.V. is one of the global market leaders, taking on the role of universal provider of ecological solutions for foreign companies and offering ways for production decarbonization. Thus, the partnership between STX Commodities B.V. and TGC-1 will allow supplying electric power generated by hydroelectric stations and confirmed by I-REC green certificates to foreign companies carrying out their activity in the territory of the Russian Federation. General Sale and Purchase Agreement was signed by Max Van Meer, Head of Trading, STX Commodities B.V., and Seregey Saraev, Head of Electricity Sales Department, TGC-1.

“In 2021 TGC-1 has obtained the right for issuing I-REC certificates, has tied up several deals on sale and purchase of green energy and has been actively involved in developing emerging market of green energy in our country. By the end of the year we are holding about a quarter of total Russian market in the volume of issued green certificates. Partnership with foreign companies and consolidating out positions in the global market is the next expectable stage of our work”, said Sergey Saraev.

For reference

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading company for generation and supply 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.

By contrast to other Russian generating companies, TGC-1 has a unique structure of production assets. Hydrogeneration accounts for 40% of its installed capacity. This includes 40 HPPs with a total capacity of circa 3 000 MW.

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news-25732Thu, 23 Dec 2021 12:06:12 +0300TGC-1 has scored second in Environmental Transparency Rating for Fossil-Fuel & Power Generating Companieshttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25792/In 2021 TGC-1 PJSC has scored second in Environmental Transparency Rating for Fossil-Fuel & Power Generating Companies in Russia, up by 6 positions from last year.In 2021 TGC-1 PJSC has scored second in Environmental Transparency Rating for Fossil-Fuel & Power Generating Companies in Russia, up by 6 positions from last year.

The rating methodology was created on the initiative of WWF Russia and includes assessment in three sections: managerial (environmental management), operational (environmental impact) and informational (information disclosure).

In the course of assessment TGC-1 PJSC has demonstrated high scores in all three sections of the rating, far in excess of average scores obtained by Russian energy companies. In particular, the company scored 1.75 points in Eco Management section (average for the branch was 1.063), 1.6667 points in environmental impact section (average for the branch was 1), and 1.5 points in information disclosure section (average for the branch was 1.222). As compared with the last year, the company has managed to increase its points in four qualitative and four quantitative indicators.

“Our company strives to disclose to the fullest possible extent information on its ecological activity, it has implemented an Ecology Management System, monitors observation of sanitary protection zones and supports biodiversity in territories of presence. In the next year we shall continue strengthening our positions in this direction, we plan to improve disclosure of information on sustained development taking account of international requirements, said Alexey Vorobyev, deputy Managing Director and Chief Engineer, TGC-1 PJSC.

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news-25658Thu, 09 Dec 2021 13:31:06 +0300TGС-1 PJSC ‘green’ certificates will be listed on the Saint-Petersburg International Mercantile Exchangehttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25791/TGС-1 PJSC and the Saint-Petersburg International Mercantile Exchange (SPIMEX JSC) signed a partnership agreement on 9 December.TGС-1 PJSC and the Saint-Petersburg International Mercantile Exchange (SPIMEX JSC) signed a partnership agreement on 9 December. The agreement seeks to establish cooperation to develop and organize trade of electrical energy, produced from renewable sources and also ‘green’ certificates confirming that energy was obtained by TGC-1 from such sources.

The agreement performance will improve the economic efficiency at the specified markets and drive projects aimed at carbon footprint reduction.

“We can already offer our customers several options of getting ‘green’ energy, with purchasing a certificate on SPIMEX being the easiest and most available one. Transparent certificate e-trading will enable us set a fair market price for ‘clean’ energy. Thus all companies interested in decarbonization of their production facilities and process, achieving sustainable development goals and improving their ESG rating will be able to get ‘green’ energy from our renewable sources,” highlighted Alfred Yagafarov, Deputy Managing Director for Electricity & Capacity Sales at TGC-1.

“SPIMEX experience along with a powerful technology platform give us an opportunity to successfully organize our work on promising markets, in particular on the emerging ‘green certificates’ market,” said Anton Karpov, Vice President at SPIMEX.

Reference

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading company for generation and supply 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, Leningrad and Murmansk Regions. By contrast to 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.

The Saint-Petersburg International Mercantile Exchange (SPIMEX JSC) is the biggest one in Russia. It organizes stock tradings on petrol, oil, gas, LHG, timber and construction materials, mineral fertilizers and derivatives markets. SPIMEX creates a transparent mechanism to set fair prices for Russian goods. The Exchange was founded in May 2008. Exchange license and clearing license are available on SPIMEX website.

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news-25493Wed, 17 Nov 2021 13:15:32 +0300 TGC-1 PJSC provided “green” power to the offices of Sberbank https://www.tgc1.ru/en/press-center/company-news/news-item/item/25634/Sberbank, the largest bank in Russia, purchased from TGC-1 PJSC more than 142,000 “green” certificates of I-REC international standard confirming that the power is produced from renewable sources.Sberbank, the largest bank in Russia, purchased from TGC-1 PJSC more than 142,000 “green” certificates of I-REC international standard confirming that the power is produced from renewable sources. Environmentally safe power will be used for bank’s offices operation.

The power produced at hydropower plants of TGC-1 PJSC confirmed by I-REC “green” certificates helps companies to achieve the sustainable development goals aimed at higher prosperity and environmental improvement. Companies can also confirm that they conducted measures internally approved as a part of liabilities for sustainable development goals in the relevant section of the annual ESG reporting.

 TGC-1 PJSC has concluded “green” electric power sales transactions with Shchekinoazot, Siburenergomanagement, PhosAgro, Polyus, AB InBev Efes Brewery etc.

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, 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.

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news-25483Tue, 16 Nov 2021 14:47:15 +0300TGC-1 PJSC and VEB.RF Research and Expertise Institute concluded an agreement on the mutual development of the “green” financial market https://www.tgc1.ru/en/press-center/company-news/news-item/item/25633/The partnership is based on cooperation in forming and developing the “green” financing and “green” financial market in the North-Western Federal District.TGC-1 PJSC and Vnesheconombank Research and Expertise Institute Autonomous Non-Commercial Organization signed an agreement on cooperation and interaction. The partnership is based on cooperation in forming and developing the “green” financing and “green” financial market in the North-Western Federal District.

The signatories were Managing Director of TGC-1 PJSC Vadim Vederchik and Director of Vnesheconombank Research and Expertise Institute Autonomous NCO Alsu Gaynutdinova.

Parties will cooperate on environmental issues, ecological safety and economy of North-Western Federal District, as well as improvement of classification of “green” projects and the methodology of “green” financing system for the companies in this region.

Within the partnership, TGC-1 PJSC will develop a program to obtain ESG verified ratings and measures to save the biodiversity at the territory of company’s presence. In addition, the parties agreed to actively participate in promotion and implementation of projects on “green” financing in the region. One of them will be the first carbon polygon in the North-West.

“Companies that obtain “green” financing more actively introduce environmentally safe technologies, improve their production processes and win a higher ESG rating. This is a key aspect for the power transfer within the strategy of low-carbon development of Russia. There will be a lot of work to develop the methodology and regulatory framework to verify “green” tools. TGC-1 as the largest “green” energy company in the North-West is interested in rapid implementation of the principles of sustainable “green” development in practice”, emphasized the Managing Director of TGC-1 PJSC Vadim Vederchik.

Vnesheconombank Research and Expertise Institute Autonomous NCO is interested in cooperation with TGC-1. Asset structure of this power company in North-Western Federal District and its export potential considering the decisions adopted by the European Commission on July 14, 2021, make the company face concentrated challenges of historical significance. These challenges need to be handled effectively. VEB.RF as a center for methodology, taxonomy and verification of climatic projects is ready to cooperate to offer the efficient response to these tasks”, said Alsu Gaynutdinova, Director of the Institute.

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, 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. 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.

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news-25443Wed, 10 Nov 2021 16:01:15 +0300TGC-1 releases IFRS Financial Statements for the 3Q of 2021https://www.tgc1.ru/en/press-center/company-news/news-item/item/25448/TGC-1 releases abbreviated unaudited consolidated Financial Statements for the 9 months period, ended September 30, 2021 prepared in accordance with International Financial Reporting Standards (IFRS).TGC-1 releases abbreviated unaudited consolidated Financial Statements for the 9 months period, ended September 30, 2021 prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

9M 2020

9M 2021

Revenue

61,645

71,751

Operating Expenses

(53,220)

(62,799)

Operating Profit

8,233

9,181

EBITDA*

16,531

17,830

Profit for the Period

6,375

7,207

* 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 %).

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news-25421Tue, 09 Nov 2021 09:58:43 +0300TGC-1 PJSC begins selling “green” certificates according to I-REC international standardhttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25632/Offers will be accepted from November 8 until November 25, 2021.TGC-1 PJSC announced a public inquiry for the purchase of “green” certificates according to I-REC international standard. Offers will be accepted from November 8 until November 25, 2021. The initial (minimal) I-REC certificate price for 1 MW*h totals RUB 50.00 (excluding VAT). Complete terms and conditions for a price public inquiry and offer parameters are indicated at Gazprombank electronic marketplace.

I-REC certificate is issued for actual power production from the renewable energy sources. It promotes the positive environmental and social outcomes of such a manufacturing system — decrease of CO2 emission and volume of waste, as well as smaller damage to the environment and human health.

In 2021, TGC-1 PJSC joined the international renewable energy accounting standard developed by the I-REC Standard Foundation as a renewable energy company. Now it is entitled to issue I-REC certificates for the volume of electric power produced at the HPP attested and registered in the Goal 7 Power Markets Participants Association.

During the public inquiry for the purchase of I-REC certificates and further conclusion of the certificate sales agreement, TGC-1 guarantees its consumers that the issued I-REC certificates will not be subject to the analogous sales agreements for electric power generated by renewables in order to verify the positive environmental effects.

Reference

The I-REC Standard Foundation is an international non-profit organization which developed and introduced an international system of green power attributes tracing. I-REC certificate (the so-called “green” I-REC certificate) is a document confirming that 1 MW*h of power was produced from the renewable sources.

I-REC certificates correspond to the main international voluntary initiatives, such as GHGP, CDP, RE100 etc.

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading producer of electricity and heat power in the Northwest of Russia. The manufacturing complex comprises 40 HPPs with the total capacity of 2,863 MW and the output of 12–13 billion kW*h per year in three constituent entities of the Russian Federation: the Republic of Karelia, Leningrad Oblast and Murmansk Oblast.

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news-25353Wed, 27 Oct 2021 15:07:29 +0300Automatic transfer of data on the technical state of the equipment is introduced at TGC-1 facilitieshttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25629/With it, the data exchange will be faster, and assessment of the equipment condition will take less time.Within the digitization measures, TGC-1 PJSC together with the experts of United Power Grid Technical Inspection JSC introduced a mechanism of data transfer to the automated system of information collection and processing (AS ICaP) at the power facilities via a unified standard application programming interface (API). With it, the data exchange will be faster, and assessment of the equipment condition will take less time.

The new mechanism will be introduced within the risk-oriented approach to work in heating season. Facility data will be transferred to AS ICaP via API. The system automatically calculates the index of the technical condition and defines the possibility of equipment failure based on the obtained data. As a result, the power system become more reliable.

“By introducing the cutting-edge digital complexes for equipment control, we make a step towards the digital decision-making ecosystem. Quick and high-precision data exchange, real-time monitoring of equipment condition, and ability to make forecasts allows us to improve the procedure of equipment operation and repairs”, emphasized Sergei Ivanov, Director of Management of Production Systems at TGC-1 PJSC.

Reference
Risk-oriented approach in power systems is a method for revealing, analysis and assessment of the risk of emergencies based on the equipment condition monitoring in order to secure reliable power supply to consumers.
TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading producer of electricity and heat power in the Northwest of Russia. It comprises 52 power plants across four constituent entities of the Russian Federation: St. Petersburg, the 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, and the heating capacity is 13.5 thous. Gcal/hr.

 

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news-25339Tue, 26 Oct 2021 14:13:40 +0300TGC-1 Releases 9M 2021 Operational Performance Resultshttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25340/In January-September 2021 TGC-1 electricity output, including JSC Murmanskaya CHPP, comprised 21,823.8 million kWh, up by 8.51% year-on-year. In January-September 2021 TGC-1 electricity output, including JSC Murmanskaya CHPP, comprised 21,823.8 million kWh, up by 8.51% year-on-year. CHPPs production for 9M 2021 grew by 16.4%, mainly on the back of growing demand for electricity at the wholesale market in the North-West. TGC-1 HPPs output grew by 0.5%.

TGC-1 electricity output summary (million kWh)

 

9М 2020

9М 2021

Change

Nevsky branch

11,896.1

13,429.9

+12.89%

Karelsky branch

2,929.3

2,933.0

+0.13%

Kolsky branch

5,277.8

5,451.1

+3.28%

TGC-1 total

20,103.2

21,814.0

+8.51%

JSC Murmanskaya CHPP

9.6

9.8

+2.08%

TGC-1 total, including JSC Murmanskaya CHPP

20,112.8

21,823.8

+8.51%

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)

 

9М 2020

9М 2021

Change

Nevsky branch

11,907.2

13,542.4

+13.73%

Karelsky branch

1,079.5

1,223.3

+13.32%

Kolsky branch

944.0

1,032.5

+9.38%

TGC-1 total

13,930.7

15,798.2

+13.41%

JSC Murmanskaya CHPP

1,373.9

1,460.4

+6.3%

TGC-1 total, including JSC Murmanskaya CHPP

15,304.6

17,258.6

+12.77%

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%).

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news-25338Tue, 26 Oct 2021 13:53:09 +0300TGC-1 Releases 9M 2021 RAS Financial Resultshttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25341/TGC-1 releases 9M 2021 financial statements under the Russian Accounting Standards (RAS).TGC-1 releases 9M 2021 financial statements under the Russian Accounting Standards (RAS).

Consolidated Statement of Comprehensive Income Highlights (RUB mln)

9M 2020

9M 2021

Revenue

58,399.1

68,555.3

Costs

-52,845.3

-60,618.4

Gross Profit

5,553.9

7,936.8

EBITDA*

10,987.4

14,244.1

Net profit

4,496.4

7,144.7

* 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%).

 

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news-25272Tue, 19 Oct 2021 14:50:27 +0300TGC-1 Power Engineers Complete the First Phase of Work to Reduce the Noise Level at the Petrozavodskaya CHPPhttps://www.tgc1.ru/en/press-center/company-news/news-item/item/25312/On 15 October, an improved silencer was commissioned at the steam outlet of Boiler No. 2. Installing similar silencers on the other two boilers will keep noise to a minimum.Employees of TGC-1 PJSC in Petrozavodsk are implementing a phased program to reduce the noise level during start-ups and shutdowns of boilers at the Petrozavodskaya CHPP. On 15 October, an improved silencer was commissioned at the steam outlet of Boiler No. 2. Installing similar silencers on the other two boilers will keep noise to a minimum.

To assess the results of the work performed at the first phase, TGC-1 engaged an independent organization, the Center for Laboratory Analysis and Technical Measurements in the Republic of Karelia (TsLATI). The tests showed a significant reduction in noise at the borders of residential development, directly adjacent to the territory of the Petrozavodskaya CHPP. TsLATI measured the noise on 15 October 2021 when dumping steam with a pressure of 100 to 120 kgf/cm² and compared the data with measurements dated 23 November 2019, carried out during a steam dump with a pressure up to 50 kgf/cm² when starting-up Power Boiler No. 2.

“Due to the installation of a new silencer, we observe a noticeable noise reduction. For example, on Veterinarny Lane near Boarding School No. 23, the equivalent noise level decreased by 12%; on 18 Belomorskaya Street, it decreased by 55%; on 32 Zhukovsky Street, by 16%. The next step is the installation and adjustment of silencers on Power Boiler No. 1 and Boiler No. 3, which will reduce the noise level to minimum,” noted Roman Kartoshkin, Chief Engineer of the Karelsky Branch of TGC-1 PJSC.  

Reference

Noise from the equipment of combined heat and power plants occurs when steam is released into the atmosphere during the start-up and shutdown of power boilers. This is a technical feature of the equipment. 
The Petrozavodskaya CHPP is the basic enterprise of the Petrozavodsk heat supply system. It provides thermal energy to more than 85% of residents and enterprises of the city.
TGC-1 PJSC is the leading producer and supplier of electric and thermal energy in the North-West of Russia. TGC-1 operates 52 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast.

 

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