The management of the ?ompany positively estimates results of tenders on sale of not profile actives - JSC "Arkhenergoremont" and JSC "Kostromaenergoremont". 100 % of the authorized capitals of the both companies have been exposed on tenders. Auction was passed in open form by submission of the offer under the price among unlimited circle of applicants. The independent adviser - "IFC" Metropol" has been involved to carry it out.

Three applicants have taken part in the auction. The winner on both lots is Joint-Stock Company "Capital - invest". The initial price of a share holding of JSC "Arkhenergoremont " was 25 million roubles. The price of sale of a share holding of the Company has exceeded initial more than in 4 times and has reached 121 million roubles. The price of sale of a share holding of JSC "Kostromaenergoremont" has made up 78,5 million roubles, that 6 times more than the initial price in 12,5 million roubles.

In comparison with experience of sales of similar energo maintenance enterprises financial results of sale of JSC "Arkhenergoremont" and JSC "Kostromaenergoremont" appeared more successful. The management of JSC "TGC-2" consider, that carrying out of auction on sale of not profile actives provides a transparency of business - processes in the Company and promotes its investment appeal.

The information.

JSC "Territorial generation company #2" was registered on 19 April 2005 in the city of Yaroslavl. The resolution to establish JSC "TGC-2" as a wholly-owned subsidiary of RAO "UES of Russia" was approved by the Board of Directors of RAO "UES of Russia" on 25 February 2005.

TGC-2 includes the generating enterprises of six regions - the Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl areas. Under control of the company there are 16 thermal power stations, 8 boiler-houses, 4 enterprises of thermal networks. The installed general electric wattage of enterprises of TGK-2 - 2423,5 mWt, the installed thermal wattage - 12156 Gkal/hour.

Besides the Company rents municipal and departmental boiler-houses in Arkhangelsk, Severodvinsk, Tver, Konakovo and Vishny Volochok. There are also JSC "Arkhangelsk retail company", JSC "Kostroma Retail Company" and JSC "Tver energy Retail Company" in asset management of TGC-2.

Authorized Capital of TGC-2 is 7 billion 117 million 127 thousand 045 roubles and 01 copeck now. The share of RAO "UES of Russia" in Authorized Capital of TGC-2 is 49,18 % from total of shares.