Gazprom consolidates control in TGK-1
Russian energy major Gazprom is reshuffling the leadership of the TGK-1. The move comes as Gazprom is consolidating control over the company – one of the biggest electricity generators in Northwest Russia.
Gazprom has appointed Boris Veinzikher the new leader of the Territorial Generating Company No 1 (TGK-1). He replaces Valerii Rodin, who has headed the company since September 2006, a press release from the company reads.
Sources close to Gazprom say to newspaper Vedomosti that Mr. Rodin has resigned on his own will. However, TKG-1 is the last of Gazprom electricity generating assets which gets a Gazprom appointee as leader.
Gazprom last September secured a 28,66 percent stake in the TGK-1. In addition, the company now controls another 17,65 percent stake through its company Russian Energy Projects. Finnish Fortum owns 25,66 percent, while Norilsk Nickel owns 5,60 percent.
The TGK-1 runs electricity generating units in Leningrad Oblast, the Republic of Karelia and Murmansk Oblast. The company over the first nine months of 2008 has a turnover of 21,7 billion RUB.
The TGK-1 has a total generating capacity of 6 278,4 MW.
Read also:
Gazprom sells TGK-1 27 August 2008
Gazprom takes over control of TGK-1 11 February 2008
