OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" approved the completion of the establishment of OAO "TGC-2" through the merger of OAO "Arkhangelsk Generation Company" with and into TGC-2.

By now, TGC-2 has completed the first phase of its establishment which involved the merger of OAO "Vologodskaya CHPP", OAO "Kostroma Generation Company", OAO "Novgorod Generation Company", OAO "Tver Generation Company", and OAO "Yaroslavl Energy Company" with TGC-2. The final phase of TGC-2 establishment provides, inter alia, for the merger of OAO "Arkhangelsk Generation Company" with TGC-2.

It is planned that OAO "Arkhangelsk Generation Company" will merge with TGC-2 no later than June 2007.