OREANDA-NEWS. October 19, 2007. At the press-conference of OJSC “Territorial Generating Company № 5” top-management the company’s Director General Eduard Smelov declared that TGC-5 is ready to begin the heating season in major cities of the regions where TGC-5 performs its activities.

The press-conference was devoted to completing the procedure of OJSC “TGC-5” separation from RAO “UES of Russia”, explanations concerning the peculiarities of OJSC “TGC-5” operation as the first private territorial generating company and the issue of passing through the autumn-winter season.

According to Eduard Smelov, the repairs campaign 2007 has been conducted successfully and the company’s stations were ready to start heat supply even on September 1. – It was of primary importance for us, the first Russian private TGC, to prepare the company’s stations for winter. And we are ready to ensure trouble-free operation during the heating season.

Eduard Smelov also remarked that next year TGC-5 plans to reduce the length of the repairs campaign.

Answering the journalists’ questions about the consequences of TGC-5 separation from RAO “UES of Russia” Eduard Smelov said that the consumers will be supplied with heat and electricity as safely and systematically as before.

ОJSC "Теrritorial Generating Company №5" was registered on 22 March  2005, having in its structure 11 CHPPs in the republics of Chuvashia and Udmurtia, Kirov region and the republic of Mari El. The company's installed electrical capacity is 2,467.3 MW and its thermal capacity is 9,040 Gcal/hr. The number of employees is over 5, 000. The General Director of OJSC “TGC-5” is Eduard Yurievich Smelov. The Chairman of OJSC “TGC-5” Board of Directors is Vladimir Albertovich Lebedev. On 31 March 2006, OJSC “TGC-5” was the first generating company in Russia to complete forming its target structure. The charter capital of ОJSC "ТGC-5" is 12 302 537 786 rbl. 06 cop. OJSC "ТGC-5" shares have been admitted to be traded on OJSC "RTS" since 17 July 2006 (out of list), on CJSC “MICEX” since 18 July 2006, and since 20 July 2006 – in the auction system of NP RTS. The shares of TGC-5 underwent the procedure of listing on NP RTS on 10 November 2006 and on MICEX on 15 November 2006.