Gazprom might merge energy assets

The Board of energy major Gazprom considers to merge several of the company’s electricity generating units, among them the TGK-1.

The companies which might be included in the merger are Mosenergo, TGK-1, OGK-2 and OGK-6. A decision on the issue will be made before the end of the year, newspaper Vedomosti reports. According to the plans, the shares of the companies will be included in the new entity, Denis Fyodorov, General Director of Gazprom Energy Holding, told Reuters. Also a new joint policy on dividends will be introduced. The Territorial Generating Company (TGK-1) is one of the biggest electricity producers in Northwest Russia with generating units in Murmansk Oblast, the Republic of Karelia and Leningrad Oblast.

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