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TGK-2 OAO (TGKB.MM)

TGKB.MM on Moscow Interbank Currency Exchange

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

TGK-2 names Nadezhda Pingina new general director
Thursday, 17 Nov 2016 01:58am EST 

TGK-2 OJSC :Says Nadezhda Pingina to replace Boris Kutychkin at general director post as of Nov 17.  Full Article

TGK-2 doesn't fulfill obligations under BO-02 series bonds
Thursday, 13 Oct 2016 03:09am EDT 

Tgk-2 : Says didn't fulfill obligations for total amount of 636.6 million roubles ($10.23 million) under BO-02 series bonds . Says didn't pay sixth coupon in amount of 146.6 million roubles .Says didn't fulfill obligation to partly redeem nominal value of bonds for 490 million roubles.  Full Article

TGK-2 H1 net result turns to profit of RUB 250.2 million
Tuesday, 30 Aug 2016 01:24am EDT 

TGK-2 : H1 revenue 18.04 billion roubles ($278.67 million) versus 16.65 billion roubles year ago .H1 net profit 250.2 million roubles versus loss of 471.7 million roubles year ago.  Full Article

TGK-2 increases voting rights in Bitar Holdings Limited to 100%
Tuesday, 2 Aug 2016 02:50am EDT 

TGK-2 OJSC :Says increases its voting rights in Bitar Holdings Limited to 100 pct from 50 pct.  Full Article

TGK-2 expects to sell Arkhangelskaya TPP in June-July - Interfax
Thursday, 9 Jun 2016 09:31am EDT 

: TGK-2 expects to close deal to sell Arkhangelskaya TPP in June-July - Interfax cites acting general director Further company coverage: [TGKB.MM] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

TGK-2 recommends no dividend payment for 2015
Tuesday, 24 May 2016 02:45am EDT 

TGK-2 :Says recommends no dividend payment for 2015.  Full Article

TGK-2 OAO targets dividend payment for 2016; no dividends for 2015 due to net loss-Interfax
Wednesday, 30 Mar 2016 08:37am EDT 

TGK-2 OAO:Is not planning to pay dividends for 2015 in light of the expected net loss last year, the genco's acting head Petr Zarubin said-Interfax.TGK-2 plans to post a net profit in 2016 and pay dividends for the year, he said."I will not name figures before the publication of the auditor's report, but I want to say that in general we operated in 2015 with a small loss," Zarubin said.He said that this is connected with the fact that the company has accumulated debts from previous years.The company expects to post profit in 2016, according to the business plan that was confirmed in December, Zarubin said.  Full Article

TGK-2 OAO JV receives another tranche of credit for construction of power plant in Yaroslavl
Tuesday, 19 Jan 2016 07:00pm EST 

TGK-2 OAO:Says that its joint venture with Chinese Huadian Corporation has received new tranche of credit from Industrial and Commercial Bank of China (ICBC) for the construction of 450-megawatt power plant in Yaroslavl.The tranche amounts to about 5.76 billion roubles.According to project financing total investment from ICBC will be about 14 billion roubles.First tranches for 4.56 billion roubles and 1.88 billion roubles were received on Dec. 30, 2013 and Sept. 15, 2014, respectively.The power plant was supposed to be launched at the end of 2015, but since the gas transportation infrastructure was not ready, Huadian applied for the launch to be postponed to the end of 2016.Says due to the lack of technological capability to secure the power plant with natural gas in full capacity NP Market Council decided on Dec. 8, 2015 not to fine the joint venture until end of Dec. 2016.  Full Article

TGK-2 OAO recommends no FY 2014 dividend
Monday, 25 May 2015 01:52am EDT 

TGK-2 OAO:Board recommends no FY 2014 dividend.  Full Article

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