OREANDA-NEWS. The Board of Directors considered the proposal to form the target structure of OAO "TGC-2" without the merger of OAO "Arkhangelsk Generation Company" with and into OAO "WGC-2".

According to this proposal, the shares in OAO "Arkhangelsk Generation Company" held by RAO "UES of Russia" and other shareholders will be exchanged for additional shares in OAO "TGC-2", which will placed through closed subscription.

Such change in the structure of TGC-2 establishment is due to the financial problems experienced by OAO "Arkhangelsk Generation Company", which is why the process of its merger with OAO "TGC-2" was halted.