OREANDA-NEWS. The Board instructed the RAO UES representatives on the Board of Directors of OAO "TGC-1" to vote FOR the approval of the company's participation in the establishment of OAO "Khibinskaya Heat Company".

The new company will implement a project approved by the Murmansk Region Government to build a heating main from the Apatiskaya CHPP owned by TGC-1 to the city of Kirovsk, and to modernize the heating unit at the Apatitskaya CHPP and a boiler plant in Kirovsk.
 
The new district heating system will significantly improve the economic efficiency of the Apatitskaya CHPP thanks to a better utilization of its installed capacity, and reduce the heating rates for customers in Kirovsk after the city's boiler plants cease to supply heat.

The founders of the new company will be OAO "TGC-1" and OAO "Apatit". OAO "Khibinskaya Heating Company" will have an authorized capital of RUB40 million, with each of the shareholders owning a 50 percent stake.