OREANDA-NEWS. May 06, 2011. The total Company’s revenue increased up to 50,612.5 mn RUR, Gross profit is 5 897.4 mn RUR and Net profit is 3,606.9 mn RUR. The Board of Directors considered to put 3 246.2 mn RUR for investment programme and 180 mn RUR — in a special reserve.

The Board of Directors approved 5% dividends for shareholders that totalled 180.3 mn RUR in 2010. The Board also decided to enlarge the share of TGC-1 in the JSC Khibinskaya Teplovaya Company.

he company operates 55 thermal, hydro and co-generation stations in Saint Petersburg, Leningrad Oblast, Murmansk Oblast and Karelia. It has an installed generation capacity of 6,278.4 MW of electric power. In addition, OGC-1 is the major supplier of district heating in Saint Petersburg, Petrozavodsk, Murmansk, Apatity and Kirovsk with 17,158.9 MV of heating capacity.

The company operates through three branches – Nevsky, Karelsky and Kolsky. In addition, it has subsidiaries Murmanskaya TETs (84.06%) and Severnaya energeticheskaya upravlyayushchaya kompaniya (100%).