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24 August 2009
Results of the Anniversary International Trilateral Meeting on the Protection and Management of the Lake Inari Ecosystem Announced
A trilateral working meeting on the management of the Lake Inari water regime between TGC-1’s managers, and engineers, and representatives of the Finland and Norway’s energy systems has been held in Inari village, Finland.
In his opening speech, Sergey Redkin, Deputy General Director for Development, wished the participants a successful and fruitful cooperation and said that “For fifty years, the three courtiers developed their cooperation, guided by the principles of honesty, responsibility, and mutual respect. Past experience makes it clear that the existing international team of professionals will be able to successfully complete any undertaking in the future.”
Apart from Sergey Redkin, the seminar was attended by Vladimir Budarin, Chief Engineer Adviser, Alexander Novikov, Chief Engineer of the Kolskiy Branch, and Pazskiye HEPP Cascade’s managers, including Igor Patsan, Director, and Nikolai Vorobyev, Chief Engineer.
During the meeting, the members of the trilateral Commission discussed and approved a programme of water release from Lake Inari for the second half 2009. It was agreed that the Finland’s representatives would prepare a water release schedule for the first half 2010 using the forecast for the rate of water inflow into Lake Inari, and Russian and Norwegian hydroelectric power plants’ equipment repair plans and would submit it for consideration to the workgroup. It was also decided that in order to reduce the period over which water is not released from Lake Inari, Russia and Norway would coordinate and synchronize their repair schedules.
At the end of the meeting, the workgroup scheduled the next commission’s meeting for 15-17 February 2010 and decided to convene it in Bodø, Norway.
For reference
Trilateral Agreement
In 1959, the governments of the USSR, Norway, and Finland entered into an agreement “On the Regulation of the Lake Inari Water Regime through the Kaitakoski Hydroelectric Power Plant.” The agreement was designed to provide control over the water level in Lake Inari located in Finland and the Pasvik River, which is the outlet from the lake and flows through Finland, Russia, and Norway.
There are seven hydroelectric power plants on the river, with five of them united into the Pazskiye HEPP Cascade of TGC-1 and the other two plants being part of the energy system of Norway. Kaitakoski HEPP, the first plant in the Pazskiy Cascade, regulates the water system by directly affecting the water level and maintaining it so that the downstream hydroelectric power plants can function normally.
In order to promptly address issues that arise within this complex energy project, a trilateral commission was established. It is responsible for such issues as the development of and control over schedules of water release from Lake Inari, coordination of equipment repair and maintenance plans at Russian and Norwegian HEPPs, Kola Peninsula’s fishery and water ecosystem conservation.
The operations of TGC-1 are to a large extent driven by the need to coordinate its actions with partners in adjacent countries with regard to the use of across-the-border water resources, arising from the geographical distribution of Company’s structural units.
TGC-1 operates 40 hydroelectric power plants in three entities of the Russian Federation, including the Republic of Karelia, Leningrad Oblast, and Murmansk Oblast. The HEPPs of TGC-1 have a total installed capacity of 2,856.9MW, which is more than 45% of the Company’s overall installed capacity (6,278.4MW). At the current step in power industry development, HEPPs are the most efficient and environmentally friendly source of electric power.
Latest articles:
1 September 2010
TGC-1 announces its 1H 2010 unaudited IFRS results
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31 August 2010
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16 August 2010
TGC-1 releases 2Q RAS financial results
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22 July 2010
TGC-1 releases 2Q operational results
TGC-1 announces the operational results for 1 half of 2010.
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Board of Directors Chairman Election
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5 July 2010
TGC-1 releases 1Q 2010 IFRS results
TGC-1 presents unaudited IFRS consolidated financial report for the 1st Quarter 2010 of the Company and its subsidiary – Murmanskaya CHPP.
30 June 2010
TGC-1 holds its Annual General Meeting of Shareholders
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11 June 2010
TGC-1 releases 2009 IFRS results
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17 May 2010
TGC-1 releases 1Q RAS results
6 May 2010
TGC-1 Annual General Meeting of shareholders will take place June 28th 2010
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30 April 2010
TGC-1 increased electricity output by 4.8% to 8.18 bn kWh in 1Q 2010
The total electricity output of TGC-1 (including its subsidiary JSC “Murmanskaya CHPP”) in 1Q 2010 was 8,180.5 mn kWh. The output for the 1Q 2009 was 7,804.3 mn kWh. The general increase in output is explained by lower temperatures in regions of operation, as well as rebound in electricity consumption.
9 April 2010
JSC “TGC-1” publishes RAS financial results for the year ended 31 December 2009
JSC “TGC-1” publishes financial results under Russian accounting standards for the year ended 31 December 2009.
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JSC «TGC-1» announces its unaudited consolidated financial results according to IAS for the 6 months ended June 30, 2009
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19 August 2009
TGC-1 Tightens Control over the Operation and Condition of its Hydroelectric Generation Facilities
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18 August 2009
Boris Vainzikher Had a Meeting with Mikhail Stalnukhin, Head of Narva’s City Council
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