OREANDA-NEWS. November 12, 2012. TGC-2 net profit for January-September 2012 has been 168,951 mln rubles whilst for January-September 2011 Company has taken net loss 697,128 mln rubles.

The total receipts of Company has been increased for 2,6% and is 19,119 billion rubles. Sale of electricity proceeds has increased for 4,3%, of thermal energy sale – for 0,8%. The Company gross profit for 9 months 2012 has been increased to 1,308 billion rubles from 23,286 mln rubles comparably with the same period of last year.

The major reasons improvement in Company financials have been the investment program realization and effective planning and management, - as General director JSC “TGC-2” Vladlen Alexandrovich has marked. - In particular, Arkhangelskaya and Severodviskaya TEC were transferred on to burning gas. It allows to decrease the fuel costs.

Company Profile

TGC-2 is a leading heat and power company in the Northern and Northwest parts of Russia. The Company activities cover heat and power production as well as sale of heat (steam and hot water) to consumers. TGC-2 comprises generating capacities of 6 regions - Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl. TGC-2 operates 15 heat CHPPs, 11 boiler-houses, 5 enterprises of heat pipelines. The aggregate installed electric capacity of TGC-2 enterprises is 2532,5 MW, the aggregate installed thermal capacity constitutes 11658,833 Gcal/h. General director is Vladlen Alexandrovich.