OREANDA-NEWS. On 21 March 2008 was announced, that Russian Federal Financial Markets Service registered the additional issue and the prospectus of securities of PJSC "Territorial Generating Company # 2" (TGC-2) in the amount of 440, 550, 372, 763 shares. Securities will be placed via public subscription. 
The total amount of TGC-2 additional securities offering constitutes RUR4, 405, 503, 727.63.The face value per share equals to RUR0.01. The shareholders of TGC-2 possess the preferential right of obtaining the shares from the additional offering in the amount proportional to the number of ordinary registered shares which they own.

The additional issue of TGC-2 shares is carried out for the purposes of Investment program implementation. The size of Investment program till 2011 is estimated to be RUR45 bln. By this time TGC-2 intends to bring on line 1145MW of new capacity and carry out more than a twofold increase of its capitalization due to the implementation of the Investment program and Investment projects.

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.