OREANDA-NEWS. The Board of RAO “UES of Russia” approved the merger of OAO "Nizhny Novgorod Generation Company", OAO "Penza Generation Company", OAO "Mordovia Generation Company", OAO "Mordovia Heat Network Company", OAO "Ivanovo Generation Company", and OAO "Vladimir Generation Company with and into OAO "TGC-6". This step will bring the process to establish the TGC-6 target structure to completion.

The Board of Directors of RAO "UES of Russia" has approved the share conversion ratios for purpose of the companies' merger with and into OAO "TGC-6".

For the share conversion, OAO "TGC-6" will issue 270 billion additional ordinary shares worth a total of RUB2.7 billion.