OREANDA-NEWS. On 26 March 2008 was announced, that in 2007 electricity generated by TGC-1 plants increased by 2,821.1m kW*h (12,1%) as compared to 2006 and amounted to 26,063.5kW*h. Electricity useful output (including purchased electric power) increased to  28,212.4kW*h (increase as compared to 2006 is 20%).

Heat useful output amounted to 23,509.9ths. GCal, which is 6 % higher than the output achieved in the compared period.

In 2007 TGC-1 revenue made RUR26,194.6m, exceeding 2006 figures by 27,8% and the Business Plan target by RUR459m– mostly due to increase in the wholesale electricity sales.

Most volume of proceeds – RUR13,988.2m (53.4% of total revenue) is gained on electricity and capacity sales to domestic consumers, as well  as heat energy sales– RUR11,122m (42.5% of total revenue).

The share of electricity and capacity export sales in the Company’s total revenue made 0.8% (RUR213.7m).

The total operating costs of the Company in 2007 amounted to RUR25,344m.

In 2007 TGC-1 investments were more than thrice higher than the investments in the compared period and amounted to RUR12,350.6m  (in 2006 were RUR3,598.5m).

RUR1,794m were committed to  TGC-1 Overhaul Programme in 2007.

Fuel costs of TGC-1 in 2007 totaled RUR10,609m.

The Company’s assets increased by 1,8 times and made RUR75,494.9m.

The Company’s additional share issue resulted in increased equity capital in the amount of RUR32,400m.

Gross profit is recorded RUR851m. Profit before taxation totaled RUR440.6m. The amount of profit tax and other similar payments remitted to budgets of all levels amounted to RUR316.5m.

Thus, the Company’s net profit for 2007 totaled RUR124.1m, while the Business Plan target was RUR110m.