OREANDA-NEWS. The Board of Directors considered a number of matters relating to the reorganization of OAO "TGC-6" through merger of OAO "Dzerzhinskaya CHPP" and OAO "Penzenskaya Heat Grid Company" with and into OAO "TGC-6".

To date, OAO "TGC-6" has completed the creation of its intended corporate structure. As a result of the reorganization, according to the transfer deeds of the regional generation companies that merged with it, TGC-6 became the holder of 100 percent shares in OAO "Dzerzhinskaya CHPP" and OAO "Penza Heating Grid Company".

It was decided to merge OAO "Dzerzhinskaya CHPP" and OAO "Penza Heating Grid Company" with TGC-6, which will ensure adherence to the principles laid down in the company's strategy, and increase its assets without changing its capital structure.

The merger of OAO "Dzerzhinskaya CHPP" and OAO "Penza Heating Grid Company" with TGC-6 will be effected by way of conversion of their shares into additional shares in TGC-6.