JSC Territorial Generating Company No. 1 (JSC TGC-1) is the leading
producer of electricity and heat energy in the North-West region of
Russia and the third biggest territorial generating company in the
country by the volume of installed capacity.
JSC TGC-1 was founded in 2005 in the course of reforming of the
electric energy industry of Russia, and nowadays the Company
incorporates generating enterprises from the Baltic Sea to
the Barents Sea. At the year 2010, the Company’s generating assets
comprised 56 electric power plants of various types in four subjects
of the Russian Federation such as Saint Petersburg, the Republic of
Karelia, and the Leningrad and Murmansk Oblasts.
Generated electricity is delivered to the domestic wholesale
market of electricity and capacity as well as exported to Finland
and Norway. JSC TGC-1 is a strategic supplier of heat energy in
Saint Petersburg, Petrozavodsk, Murmansk, Kirovsk in the Leningrad
Oblast, and Apatity in the Murmansk Oblast.
The JSC TGC-1 structure includes the following affiliates: JSC
Murmanskaya CHPP (energy supply to Murmansk and surrounding
areas; a 90.34% share in the authorized capital), JSC Khibiny
Heating Company (reformation of heat supply in the Apatity-and-
Kirovsk region; a 50% share in the authorized capital), JSC Saint
Petersburg Heating Grid (unification of heating grids in the area of
operations of the Company’s CHPPs; a 100% affiliate).
JSC TGC-1 is a part, in its turn, of the Gazprom Group. The Gazprom’s
generating assets are consolidated in the balance of the specialpurpose
affiliate Gazprom Energoholding LLC established within
the framework of the JSC Gazprom Strategy implementation in the
electric energy industry. That allows the effective management
system based on the unified corporate standards to be created. The
Group consolidates the controlling stakes of JSC Mosenergo, JSC
OGK-2, JSC OGK-6, and JSC TGC-1 through Gazprom Energoholding
LLC. Gazprom is the largest owner of generating assets in Russia
and one of ten major global electricity producers.
The principal shareholders of JSC TGC-1 are:
Gazprom Energoholding LLC – 51.79% of shares, and
Fortum Power and Heat Oy – 25.66% of shares.
The JSC TGC-1 shares are circulated on the RTS and MICEX stock
exchanges.
The second biggest shareholder, Fortum Power and Heat Oy, is the
leading energy concern of Scandinavia with the highest standards
of business conduct. It makes a valuable contribution in the
enhancement of the Company’s management efficiency.
Thereby, performing the environmentally responsible operation of
capacities and implementing the innovation social policy based
upon the international standards of business conduct, JSC TGC-1
is striving to take the leading position on the energy market, be
a reliable partner for investors, take care of the shareholders’
interests, and satisfy the highest customers’ requirements.
JSC TGC-1 introduces state-of-the-art technologies and produces
live energy for people, employing the best experience accumulated
for a century-long history of the energy industry.
Company’s Organizational Structure as of December 31, 2010
