print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all TGC-2 press releases

TGC-2

December 11, 2007

TGC-2 and TCUS prolong heat networks operating agreement

OJSC Territorial Generating Company #2 (TGC-2) and OJSC Tver Utility Systems (TUS) have signed an agreement to prolong the lease contract for heating pipelines.

Tver municipal heating pipelines which earlier were leased by OJSC TUS, subsidiary of OJSC Russian Utility Systems (RUS), on September 1, 2006 had been passed into TGC-2 Tver Central Administrative Board tenancy following the contract signed between RUS and TGC-2. In accordance with this contract TUS have kept all the obligations to use the heating pipelines and relevant equipment, to conduct current maintenance and overhauls, to ensure observance of the planned water regimes, to carry out equipment adjusting works. On November 30, 2007 the contract validity period had ended.

During the passed year the main strong and weak spots of the contract were revealed. After long-lasting negotiations both companies came to the decision that current cooperation scheme is the most suitable. Therefore decision to prolong contractual relations had been taken.
Thereby TGC-2 and TCUS confirmed that their main purpose is reliable heat supply of Tver citizens, especially during cold season.

Company profile
Territorial Generating Company #2 was established on February 2005. Director General is Andrey Vagner. TGC-2 facilities incorporate generating enterprises of six regions - Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl.
TGC-2 operates as a united company since July 1, 2006. The Target structure shaping was completed on May 3, 2007 after merging with Arkhangelsk Generating Company.
The Company operates 16 CHPPs, 10 boiler plants, 4 heat network enterprises (excluding leased assets). TGC-2 aggregated installed electric capacity is 2582.5 MW; installed heat capacity is 12,471 GCal/h.

Department of Media Relations


Telephone: 7(4852) 79-73-10, 79-73-27
E-mail: pr@tgc-2.ru

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer