OREANDA-NEWS. OJSC Territorial Generating Company #2 chose OJSC Power Machines as an equipment supplier for realization of 3 main investment projects. The question is enlargement of three CHPPs (Tver CHPP-3, Kostroma CHPP-2, Yaroslavl CHPP-2) with gas turbine installations of 160 MW each.

TGC-2 Board of Directors advised general shareholders meeting, which is set on December 5, 2007, to approve relevant contract with Power Machines. Planned amount of transaction equals to RUB 4.124 bln.

It should be noted that OJSC Power Machines will supply OJSC TGC-2 with one more Gas-Turbine Unit (GTU-100) under a lease agreement for enlargement of Novgorod CHPP.

Also TGC-2 Board of Directors approved agreement with OJSC Power Machines for reconstruction of existing turbines (PT-60-130-13) for realization of 4 investment projects - enlargement of above mentioned CHPP with gas-turbine units.

Besides, TGC-2 is going to implement project of Novgorod CHPP enlargement with 120MW steam turbine, project of construction 95 MW combined cycle gas turbine at Vologda CHPP and project of enlargement Tver CHPP-3 with steam turbine of 115 MW. All these projects are integral parts of the Company Investment Program till 2011 and had been approved by relevant TGC-2 Board of Directors resolutions.

TGC-2 plans to install 1145 MW of new capacities by 2011. Investment Program size is estimated to be RUB 38.9 bln. It is planned to attract RUB 9 bln of them by the means of proceeds from additional share issue, which is to be conducted till March 20, 2008. TGC-2 has already chosen financial and legal consultants for this purpose.