OREANDA-NEWS. The Board of Directors of RAO “UES of Russia” approved the procedure for the reorganization of OAO "TGC-9" through merger of OAO "Komi Regional Generation Company" with and into TGC-9.

By now, the first phase of TGC-9 reorganization, which provides for the merger of OAO "Perm Generation Company" and OAO "Sverdlovsk Generation Company" with and into TGC-9, has been completed. On 1 July 2006, OAO "Komi Regional Generation Company", a spin-off of OAO "Komienergo", was granted official registration.

After that, it was planned to place an additional share issue of TGC-9 to be exchanged for shares in OAO "Komi Regional Generation Company". However, the Board of Directors of RAO "UES of Russia" on 28 July 2006 decided that it would be more appropriate to merge OAO "Komi Regional Generation Company" with and into OAO "TGC-9", which is in line with the general approach to the creation of TGCs as unified operating companies.