OREANDA-NEWS. On 21 March 2008 was announced, that the facilities of PJSC "Territorial Generating Company # 2" (TGC-2) in 2007 generated 10.137 bln. kWh of power, which is 3.4% higher than the amount in 2006. At the same time useful output constituted 8.711 bln. kWh, which exceeds the results of the previous year by 6.8%. The increase in these figures is determined by the company functioning in the framework of the new wholesale energy and capacity market model (WECM). Market conditions explained the profitability of additional load for the TGC-2 facilities.

In 2007 the output of TGC-2 facilities from collectors constituted 20.373 m GCal (gigacalories) of heat in comparison to 21.127 m GCal in the year 2006. Useful output of heat added up to 19.285 GCal which is 0.3% less than the figures of January-December period of the previous year. Such decrease in generation and useful output is connected with abnormally high air temperature in January-February of 2007.

Arkhangelsk Central Administrative Board -3.832 bln. KWh and 5.617 m GCal;
Vologda Central Administrative Board -127.595 m. KWh and 1.012 m GCal;
Kostroma Central Administrative Board -1.165 bln. KWh and 2.164 m GCal;
Novgorod Central Administrative Board -802.293 m. KWh and 1.068 m GCal;
Tver Central Administrative Board -1.485 bln. KWh and 4.361 m GCal;
Yaroslavl Central Administrative Board -2.761 bln. KWh and 6.150 m GCal.


Company profile
Public JSC Territorial Generation Company # 2 (TGC-2) was established in February 2005. The Company"s Director General is Andrey Vagner. TGC-2 comprises generating capacity of 6 regions -Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl.

Since July 1, 2006 TGC-2 functions as a unified Company. TGC-2 operates 16 heat power stations, 11 boiler-houses, 5 enterprises of thermal networks (excluding rented assets). The aggregate electric capacity of TGC-2 enterprises is 2,582.5 MW, the installed thermal capacity constitutes 12, 471 Gcal/h.

The Authorized Capital of PJSC TGC-2 amounts to RUR11, 124, 968, 918 and 18 kopeks and is spread over 1, 095, 996, 358, 137 ordinary shares and 16, 500, 533, 681 preferred shares with the face value of 1 kopek. The main shareholder of the Company is RAO UES of Russia which owns 49.36% of shares.