Public JSC "Territorial Generating Company # 2" First Deputy Director General for Production and Investment Vasiliy Beliy conducted a working meeting with the representatives of LLC "ECE Russland". At the meeting the possibility of TGC-2 participation as a heat provider in the Investment project of multi-functional shopping mall construction in Yaroslavl was discussed.

In the course of the meeting key agreements about further cooperation in the project were achieved. The Construction Investor received specifications for facility connection to TGC-2 heat sources. "ECE Russland"in its turn proceeded to preparation of project documentation.

LLC " ECE Russalnd" is a Moscow office of a German company "ECE". Recently it won the auction, conducted by the Yaroslavl City Hall Managing Committee for Public Property, and for RUB510 million bought the property of a tramway depot including a land lot of 2,8 hectares and 3 buildings with a total floor area of 6 thousands sq.meters. The Investor is going to construct a large multifunctional shopping mall with a total floor area of 130 thousand sq.meters set up for 200 shops, a state-of-art movie theater and restaurants.

Total amount of investment in construction is estimated to be EUR150 million. It is planned to open the mall in Spring 2010 to a 1000 year anniversary of the city of Yaroslavl. Similar shopping malls have been built by a German company in Berlin, Hamburg, Warsaw and Prague.

Company Profile
JSC "Territorial Generating Company # 2" (JSC "TGC-2") was established in February 2005. The Company"s Director General is Andrey Vagner. TGC-2 comprises generating capacity of 6 regions - Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl.

Since July 1, 2006 TGC-2 functions as a unified Company. TGC-2 operates 16 heat power stations, 8 boiler-houses, 4 enterprises of thermal networks. The aggregate electric capacity of TGC-2 enterprises is 2 582,5 MW, the installed thermal capacity constitutes 12 471 Gcal/h.

Yaroslavl region Central Administrative board includes CHPP-1, CHPP-2, CHPP-3, Yaroslavl heat networks, also included as subdivisions are Lyapinskaya and Teninskaya boiler houses. Currently the installed electric capacity of Central Board TGC-2 for Yaroslavl region constitutes 901 MW, thermal capacity estimated to be 4 147 Gcal/h. Central Board "TGC-2" for Yaroslavl region operates 238 km of trunk heat networks.