OREANDA-NEWS. JSC “TGC-2” according to the current data, would realize net profit 51,237 mln rubles for 2012 as against of loss 2,531 billion rubles for 2011. TGC-2 General director Vladlen Alexandrovich has said that Company firstly for some years would be on a break-even level.

TGC-2 has marked beneficial subproduct effects in the course of 2012 year. The main factors which have determined the total financial result were the transferring of Arkhangelskaya TEC on to burning gas and increase growth proceeds from a sale of electric power on whole sale market after commissioning of CCP-210 MWt in Novgorod.

Withal, there were another supplementary measures for costs shortening, credit bag optimization and financial status improvement.

TGC-2 is a leading heat and power company in the Northern and Northwest parts of Russia. The Company activities cover heat and power production as well as sale of heat (steam and hot water) to consumers. TGC-2 comprises generating capacities of 6 regions - Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl. TGC-2 operates 15 heat CHPPs, 11 boiler-houses, 5 enterprises of heat pipelines. The aggregate installed electric capacity of TGC-2 enterprises is 2532,5 MW, the aggregate installed thermal capacity constitutes 11658,833 Gcal/h. General director is Vladlen Alexandrovich.