TGC-1 (also referred as TGK-1; full name: Territorial generating company number 1; , ''Territorial’naya generiruyushchaya kompaniya No 1''; traded as ) is a regional

power company An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major pr ...

operating in

North-West Russia Northwest Russia, or the Russian North is the northern part of western Russia. It is bounded by Norway, Finland, the Arctic Ocean, the Ural Mountains and the east-flowing part of the Volga. The area is roughly coterminous with the Northweste ...

. The company has its headquarters in

Saint Petersburg Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...

with branches in

Karelia Karelia ( Karelian and fi, Karjala, ; rus, Каре́лия, links=y, r=Karélija, p=kɐˈrʲelʲɪjə, historically ''Korjela''; sv, Karelen), the land of the Karelian people, is an area in Northern Europe of historical significance fo ...

and

Kola KOLA (99.9 FM) is a commercial radio station licensed to Redlands, California, and broadcasting to the Riverside-San Bernardino-Inland Empire radio market. It is owned by the Anaheim Broadcasting Corporation and it airs a classic hits radio form ...

History

The 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 OAO RAO UES (OAO Unified Energy System of Russia; russian: ЕЭС России or russian: Единая Энергетическая Система) was an electric power holding company in Russia. It controlled about 70% of Russia's installed el ...

. 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

The company operates 52

thermal A thermal column (or thermal) is a rising mass of buoyant air, a convective current in the atmosphere, that transfers heat energy vertically. Thermals are created by the uneven heating of Earth's surface from solar radiation, and are an example ...

hydro Hydro from Ancient Greek word ὕδωρ (húdōr), meaning ''water''. Hydro may also refer to: Energy technologies * Water-derived power or energy: ** Hydropower, derived from water ** Hydroelectricity, in electrical form * "Hydro", AC mains ...

and

co-generation Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time. Cogeneration is a more efficient use of fuel or heat, because otherwise- wasted heat from elect ...

stations in Saint Petersburg,

Leningrad Oblast Leningrad Oblast ( rus, Ленинградская область, Leningradskaya oblast’, lʲɪnʲɪnˈgratskəjə ˈobləsʲtʲ, , ) is a federal subject of Russia (an oblast). It was established on 1 August 1927, although it was not until 1 ...

Murmansk Oblast Murmansk Oblast (russian: Му́рманская о́бласть, p=ˈmurmənskəjə ˈobləsʲtʲ, r=Murmanskaya oblast, ''Murmanskaya oblast''; Kildin Sami: Мурман е̄ммьне, ''Murman jemm'ne'') is a federal subject (an oblast) o ...

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 District heating (also known as heat networks or teleheating) is a system for distributing heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heating ...

in Saint Petersburg,

Petrozavodsk Petrozavodsk (russian: Петрозаводск, p=pʲɪtrəzɐˈvotsk; Karelian, Vepsian and fi, Petroskoi) is the capital city of the Republic of Karelia, Russia, which stretches along the western shore of Lake Onega for some . The population ...

, Murmansk,

Apatity Apatity ( rus, Апатиты, p=əpɐˈtʲitɨ, lit. apatites) is a town in Murmansk Oblast, Russia, located along the Murman Railway, west of Kirovsk and south of Murmansk, the administrative center of the oblast. The town is named after one ...

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

The company's main shareholder is

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the large ...

through its power generation holding Gazprom Energoholding, which owns 51.79% of shares.

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

Fortum Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. In addition to Finland, it focuses on Germany and other countries in Central Europe, Great Britain, Russia and the Nordic region. Fortum operates power plants, inc ...

owns 29.45% of shares. The company shares are traded at the

Russian Trading System The Russian Trading System (RTS) was a stock market that operated in Moscow from 1995 to 2011. It was established in September 1995 to consolidate various regional trading floors into one exchange. In December 2011 it merged with Moscow Interbank ...

and the

Moscow Interbank Currency Exchange The Moscow Interbank Currency Exchange (russian: Московская межбанковская валютная биржа) or MICEX (russian: ММВБ) was a stock exchange that operated in Russia from 1992 to 2011. MICEX was the leading Russi ...

References

External links

* {{Power companies of Russia Electric power companies of Russia Companies established in 2005 Companies listed on the Moscow Exchange Gazprom subsidiaries Companies based in Saint Petersburg