Company overview

 

Mission:

We are committed to becoming leaders of the energy market, being reliable partners for our investors, protecting shareholders' interests and meeting our customers’ highest expectations.  By adhering to global standards for transparency in business practices, an environmentally-responsible method of operating our facilities and an innovative social policy, the Company should become the standard-bearer for other players in Russia’s power-generating industry.

 

Joint Stock Company “TGC-1” is one of the leading power companies of Russia and the largest electricity and heat producer in the North-West of Russia. It was founded in 2005 as part of Russian power sector reform.

 

Today North-West TGC-1:

- includes 55 power plants generating about 2.5% of all electricity produced in Russia, including 17 power plants beyond the Polar Circle.

- is the main supplier of electricity within the total territory over 1,800 square kilometers with over 8 million population;

 

 

The Company’s major shareholders - Gazprom (28.7 %), Fortum Power and Heat Oy (25.66%), other shareholders (45.64%).

 

Most of electricity generated by TGC-1 is sold in the wholesale electric power (capacity) market of the Russian Federation. Along with that, due to its favorable geographic location, North-West TGC-1 has direct access to the international electricity market. Three out of four regions of TGC-1 presence have common borders with countries of the European Union which provides the Company with a high potential for international cooperation.

 

Total installed electric capacity of the Company amounts to 6,278.4 MW. TGC-1 holds the third place among fourteen territorial generating companies of Russia by this parameter. 46% of the Company’s installed capacity is provided by HEPPs. Such a high share of hydro generation gives TGC-1 a unique advantage compared to other wholesale and territorial generating companies of Russia.

 

TGC-1 heat capacity is 14, 754 GCal/h.

 

The structure of the power system assets also includes heat networks with the total length exceeding 940 km.

 

The Company employs over 9,000 people.

 

TGC-1 HQ is located in St.Petersburg. The Company’s structure includes the Management unit and three branches – Nevsky, Karelsky and Kolsky.