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August 1, 2007

OJSC Volga Territorial Generation Company (TGC-7) celebrated its second anniversary with entrance to the stock exchange

On August 1, 2007 Volga TGC celebrates 2 years from the company’s registration. Since that date the ordinary shares of the company have started circulation on MICEX and RTC stock exchanges in the list of securities admitted to trading without listing procedure. Before this date the shareholders of the company could only trade their securities at OTC market, besides, the company’s shares were present in ???-board system.

For reference.

OJSC «Volga Territorial Generation Company» (TGC-7) was founded on August 1, 2005 within the frame of Samara, Saratov, Ulyanovsk and Orenburg power systems restructuring project.

Basic activity of the company is production of thermal and electric power, electricity sales on wholesale market, heat supply to municipal and industrial consumers.

In total Volga TGC (inclusive of 100% subsidiary – Orenburg TGC) incorporates 21 stations of total capacity of 6 879.7 MW for electric power and 30 687,2 Gcal for thermal power (together with TPPs and boiler houses of Orenburg TGC).

Volga TGC is the second largest TGC in Russia in terms of installed capacity.

 

 

 

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