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TGC-1 (also referred as TGK-1; full name: Territorial generating company number 1; Russian: ТГК-1, Territorial’naya generiruyushchaya kompaniya No 1; traded as MCX: TGKA) is a regional power company operating in North-West Russia. The company has its headquarters in Saint Petersburg with branches in Karelia and Kola.
 | |
Native name | ТГК-1 |
|---|---|
| Company type | Public (PJSC) |
| MCX: TGKA | |
| Industry | Power generation |
| Predecessor | Lenenergo Kolenergo Karelenergogeneratsiya |
| Founded | 25/03/2005 |
| Founder | RAO UES |
| Headquarters | Nevsky branch: Saint Petersburg Karelsky branch: Petrozavodsk (Republic of Karelia) Kolsky branch: Murmashi (Murmansk Oblast), , Russia |
Area served | St. Petersburg, Leningrad Oblast, Murmansk Oblast, Republic of Karelia |
Key people | Vadim Vederchik (CEO) |
| Products | electric power and heat |
| Revenue | $1.23 billion[1] (2020) |
| $15 million[1] (2020) | |
| $114 million[1] (2020) | |
| Total assets | $2.65 billion[1] (2020) |
| Total equity | $1.93 billion[1] (2020) |
| Parent | Gazprom Energoholding |
| Website | www.tgc1.ru |
History
editThe company was created in 2005 by the merger of Lenenergo, Kolenergo and Karelenergogeneratsiya power companies. Formation of the new company was announced on 1 March 2005 by Lenenergo, Kolenergo and RAO UES.[2] The company was officially registered on 25 March 2005 and began to operate on 1 October 2005. The integration of predecessor companies was completed on 1 November 2006. The majority shareholder of this time was RAO UES.
Operations
editThe company operates 52 thermal, hydro and co-generation stations in Saint Petersburg, Leningrad Oblast, Murmansk Oblast and Karelia. It has an installed generation capacity of 6,92 GW of electric power. In addition, TGC-1 is the major supplier of district heating in Saint Petersburg, Petrozavodsk, Murmansk, Apatity and Kirovsk with 13,49 thous GCal/hr of heating capacity.
The company operates through three branches – Nevsky, Karelsky and Kolsky. TGC-1 includes the following subsidiaries: JSC Murmanskaya CHPP (power supply of Murmansk and surrounding areas, share in authorised capital — 98.85%), JSC St. Petersburg Heating Grid (connection of heating networks in the area of operation of the Company's CHPPs, share in authorised capital of 65.58%), as well as dependent companies of JSC HHC (transfer of heat energy from the Apatitskaya CHPP to consumers in the city of Kirovsk, with a share in authorised capital of 50%) and TGC-Service LLC (specialised repair company, share in authorised capital - 26%).
Shareholders
editThe company's main shareholder is Gazprom through its power generation holding Gazprom Energoholding, which owns 51.79% of shares. Finnish Fortum owns 29.45% of shares.[3] The company shares are traded at the Russian Trading System and the Moscow Interbank Currency Exchange.
References
edit- ^ a b c d e "Consolidated financial statements under IFRS 12 months 2020" (PDF). TGC-1. 11 March 2021. p. 56. Retrieved 11 March 2021.
- ^ "Fortum to be shareholder of new Russian power company". Nordic Business Report. Gale (requires subscription). 2005-03-01. Retrieved 2010-03-06.
- ^ "Gazprom boosts control over TGK-1". Barents Observer. 2010-01-13. Retrieved 2010-03-06.
