JSC South Generation Company – TGC-8 - 500 Beiträge pro Seite

[Hasif]

On July 1, 2005 JSC Territorial Generation Company No.8 (TGC-8) is starting its operation

On June 28, 2005 JSC TGC-8, founded in accordance with the programme of Russia's power sector reforming, consolidated power capacities of six regions of the Southern Federal District. It is currently comprising Astrakhan, Volgograd, Dagestan, Rostov and Stavropol Generation Companies formed upon the profile-based division of AO-Energo. Starting from January 1, 2006 TGC-8 will also include Kubanenergo generating assets.

Territorial Generation Company No. 8 is starting its operation under the terms of leasing power capacities owned by above mentioned power plants. RAO UES of Russia holds 100% of its shares. The Charter Capital amounts to 10 mln rubles. TGC-8 is the fourth among Territorial Generation Companies by its capacity.

The formation of TGC-8 will enable the power sector to settle a number of important issues, like, for instance, consolidation of investment funds of six regions for the sector upgrade purposes (the estimated amount is 1 bln rubles), and attraction of additional investments


In the course of Russian power sector reforms, JSC TGC-8 was initiated on October 29, 2004 (the Decision of RAO UESR General Meeting of Shareholders), and founded on March 22, 2005 (the date of state registration) by consolidating the generation assets of the following companies:

JSC Astrakhan Regional Generating Company, Astrakhan Region;
JSC Generating Company “Volzhskaya”, Volgograd Region;
JSC Rostov Generating Company, Rostov Region;
JSC Stavropol Heat generating Company, Stavropol Region;
JSC Dagestan Heat Generating Company, Republic of Dagestan;
JSC Kuban Generating Company, Krasnodar Region.
The operational functioning of the company started on July 1, 2005.

Later, in November of 2005 the company got the name of JSC “South Generation Company – TGC-8” based on the principle of geographical location and business activity.

Today JSC “South Generation Company” provides energy supply for five units of the Southern Federal District of RF.

Homepage: http://www.tgk-8.com/

Generating Facilities: http://www.tgk-8.com/index.php?id=7&lang=en

Presentation: http://www.tgk-8.com/Files/en/chapters/12_7.pps

Press Archiv: http://www.tgk-8.com/index.php?id=43&lang=en

[Hasif]

TGC-6 shares begin to be traded at MICEX

Moscow. July 12, 2006. Today, TGC-6 shares have begun to be traded as non-listed shares at the Moscow Interbank Currency Exchange.

The decision to include TGC-6 shares in the non-listed stock list (admitted for trading without the listing procedure) was approved by the MICEX Directorate on July 7, 2006. The trading code of the shares is TGKF-001D.

It is planned that in the next two weeks TGC-6 shares will begin to be traded on the trading floors of NP RTS Stock Exchange and ОАО RTS Stock Exchange.

The entry of territorial generation companies and wholesale generation companies into the securities market is in line with the long-term strategy of RAO UES of Russia aimed at attracting funds from private investors to the electricity sector.

To date, shares in four wholesale and territorial generation companies – Mosenergo (TGK-3), TGC-6, OGK-3, and OGK-5 – are traded on stock exchanges. It is expected that before the end of 3Q06 shares in the following companies will enter the organized market: TGC-5, TGC-8, TGC-9, OGK-4, OGK-2, and OGK-6.

[Hasif]

General information

Open joint stock company "Territorial generation company №8" (TGC-8) has undergone state registration procedure on March 22, 2005 in Astrakhan.

The authorized capital of TGC-8 amounts to 10 000 000 rubles and is divided into 1 000 000 000 ordinary shares of 0,01 ruble par value each.

Chairman of the Board of Directors – Melnikov Dmitri Aleksandrovich (Executive Director of Business Unit №1 of RAO "UES of Russia").

Director General – Gvozdev Viktor Sergeevich.

RESTRUCTURING.

TGC-8 has been established by RAO "UES of Russia".

Operating activities of TGC-8 during the transition period (before the 1st stage of the company's formation is completed) were performed using the lease-based model (lease of generation assets from RGCs included in the configuration of TGC-8).

TGC-8 target structure involves reorganization of the company in terms of a merger with RGCs included in its configuration.

The 1st stage of TGC-8 formation has been completed, the following companies have merged with TGC-8: Astrakhan Regional Generation Company, Generation Company Volzhskaya, Dagestan Heat Generation Company, Rostov Generation Company, Stavropol Heat Generation Company.

The procedure and the date of joining Kubanenergo spin-offs will be determined after unbundling of this company is completed (unbundling is scheduled for 01.07.2006).


Key stages of the company formation

October 29, 2004
The RAO UESR Board of Directors approved creation of TGC-8 operating company using the lease-based model.

March 22, 2005
State registration of TGC-8.

May 27, 2005
The RAO UESR Board of Directors approved the procedure for the merger of TGC-8 with RGCs included in its configuration.

July 1, 2005
TGC-8 started operating activities (using the lease-based model).
October 28, 2005 The RAO UESR Board of Directors approved share conversion ratios for RGCs merging with TGC-8.

December 23, 2005
General meetings of shareholders of Astrakhan Regional Generation Company, Generation Company Volzhskaya, Dagestan Heat Generation Company, Rostov Generation Company, and Stavropol Heat Generation Company decided to reorganize the companies in terms of a merger with and into TGC-8.

December 29, 2005
The general meeting of shareholders of TGC-8 decided to reorganize the company in terms of a merger with RGCs included in its configuration.

January 1, 2006
Lease of Kubanenergo generating assets by TGC-8.

June 1, 2006
The 1st stage of TGC-8 formation has been completed, entry has been made in the Uniform State Register of Legal Entities that Astrakhan Regional Generation Company, Generation Company Volzhskaya, Dagestan Heat Generation Company, Rostov Generation Company, and Stavropol Heat Generation Company cease functioning because of their merger with TGC-8.


Information for shareholders
Share capital:

50 % + 100 shares – RAO "UES of Russia";
49,54 % – other legal entities;
0,46 % – natural persons.


Introduction to the stock market:
2006 – Shares are to be added to the list of securities that are admitted for trading and included in none of the quotation lists on NP RTS and RTS Stock Exchange and to the list of MICEX unlisted securities.
August 2006 – Approximate time frame for the launch of trading of TGC-8 shares on the stock market.

[Hasif]

Antwort auf Beitrag Nr.: 22.618.124 von Hasif am 16.07.06 11:52:11

Investor Selection Procedure Launched by RAO "UES of Russia" and TGC-8 for Construction of New Generating Capacity at Experimental TPP Site

Moscow. July 11, 2006.
RAO "UES of Russia" and South Generation Company – TGC-8 (SGC TGC-8) have launched the investor selection procedure for the construction of new generating capacity at the site of Experimental Thermal Power Plant (TPP).

The relevant decision was approved by the meeting of the Board of Directors of RAO "UES of Russia" on June 23, 2006. The decision provides for the construction of one or two power units with a capacity of at least 120 MW at the site and in the existing building of the Plant.

Investors interested in the implementation of this investment project are invited to send their proposals to RAO "UES of Russia" not later than August 1, 2006.

The preferred investor engaged as a result of the competitive selection will be obliged to insure that funds are provided and the necessary capacity is put into operation within the period agreed upon by the parties. RAO "UES of Russia" will give preference to design solutions based on the modern Circulating Fluidized-Bed Coal Combustion technology.

Investments in the upgrading of Experimental TPP are planned to be attracted through a private offering of additionally issued shares in the Plant to the investor. The participating interest of RAO "UES of Russia" (including that of TGC-8) in the authorized capital of Experimental TPP as a result of this additional issue of shares should not be less than 25% + 1 share. The offering price of Experimental TPP shares will be determined based on their market value.

Experimental TPP needs to be upgraded due to extreme deterioration of its equipment, most of which has been in operation since 1954. Such worn-out equipment leads to low reliability combined with considerable costs required to maintain the Plant in serviceable condition.

It is planned that the terms and conditions of investment project implementation, including the investor selected for the private offering of additionally issued shares in Experimental TPP (or the investor selection procedure), will be considered by the Board of Directors of RAO "UES of Russia" in August 2006.

____________________________________

* This message is for information purposes only and its content should not be construed as an official offer. This notice is available on the corporate website of RAO "UES of Russia".



Contact information
Stas Degtyarev
Press-Service Specialist
[phone]

[Hasif]

Es ist soweit, die Originalaktien TGC-8 sind bei mir eingebucht worden

Rostov generating company (RTGRP) ist liquidiert; diese werden nun den Aktionären (Pref: 67,459-fach) als TGC-8 in die entsprechenden Depots eingebucht.

[Hasif]

* * *

The Board of Directors approved the merger of OAO "Kuban Generation Company" with and into the OAO "Southern Generation Company TGC-8"*, thus completing the establishment of the target structure of TGC-8.

Earlier, at its meeting held 28 October 2005, the Board of Directors of RAO "UES of Russia" approved the procedure for the establishment of the TGC-8 structure through merger of OAO "Astrakhan Regional Generation Company", OAO "Volzhskaya Generation Company", OAO "Dagestan Heat Generation Company", OAO "Rostov Generation Company", OAO "Stavropol Heat Generation Company"; later on, shares in the generation company to be spun off from OAO "Kubanenergo" would be exchanged for additional shares in OAO "Southern Generation Company TGC-8".

By now, the first phase of the TGC-8 reorganization, which provides for the merger of the above regional generation companies with and into TGC-8, has been completed. On 1 July 2006, OAO "Kuban Generation Company" was granted official registration.

The Board of Directors approved the merger of OAO "Kuban Generation Company" with and into the OAO "Southern Generation Company TGC-8", thus completing the establishment of the target structure of TGC-8. This scenario is in line with the general approach to the creation of TGCs as unified operating companies and fully meets the principles of TGC establishment as set out in the Strategy Concept Paper of RAO "UES of Russia" for 2003-2008 ("5+5").

If the shareholder meeting of OAO "Kuban Generation Company" does not approve the company's merger with OAO "Southern Generation Company TGC-8", then shares in OAO "Kuban Generation Company" may be exchanged for additional shares in OAO "Southern Generation Company TGC-8".

The Board of Directors instructed the Management Board of RAO "UES of Russia" to submit, not later than November 2006, a detailed plan for the merger of OAO "Kuban Generation Company" with and into OAO "Southern Generation Company TGC-8", including the number of shares, conversion/share exchange ratios, and the terms and conditions of the merger agreement.


--------------------------------------------------------------------------------

* OAO "Southern Generation Company TGC-8" was registered with the Inspectorate of the Federal Tax Service of Russia for the Kirovsky District, city of Astrakhan, on 22 March 2005. Director General of the Company is Victor Gvozdev. The Company has been carrying out operations since 1 July 2005. TGC-8 shares are expected to be floated on the stock market by end-Q3 2006.

* * *

[Hasif]

TGC-8 Shares Start Trading on RTS

Moscow, 15 August 2006.
Effective today, the shares of OAO "Southern Generation Company TGC-8" will start trading on the classical market of NP "RTS Stock Exchange" and the exchange market of OAO "RTS Stock Exchange".
(TGKH in US$, TGKHG in Rubel)

The above companie shares have been included in the Part of the Schedule "Securities Admitted to Trading But Not Included in Quotation Lists".

Der letzte Kurs von RostovGeneratingCompany RTGRP war $0.04
(x 67,459 neue Aktien)
...also müsste der Startpreis von TGK-8 so bei $0.0006 sein.

jedoch

Startpreis OAO "Southern Generation Company TGC-8" heute in Moskau:
Rubel 0.025 = $0.000935
+50% vom letzten (errechneten) Kurs vor dem Tausch