Key Developments: Volzhskaya TGK OAO (VTGK.MM)
1.73RUB
10:32am EDT
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руб1.71
руб1.71
руб1.73
руб1.70
334,000
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Latest Key Developments (Source: Significant Developments)
Volzhskaya TGK OAO Recommends No FY 2012 Dividend Payment-Interfax
Interfax reported that the Board of Directors of Volzhskaya TGK OAO (TGK-7), has recommended that shareholders vote not to pay out dividends for the fiscal year 2012 at their annual meeting due to the Company's net loss, a TGK-7 spokesman told Interfax. TGK-7, which is controlled by IES Holding, did not pay out dividends for the fiscal year 2011, either, for the same reason. The Company's annual general meeting is scheduled for June 28. Full Article
Volzhskaya TGK OAO Signs Agreement for Sale of Novokuybyshevskaya TETs-2-Interfax
Interfax reported that on February 15, 2013 Volzhskaya TGK OAO and Samaranefteorgsintez (SANORS) have signed an agreement regarding the sale of Novokuybyshevskaya TETs-2. It is estimated that the deal will be closed in April 2013. Financial details were not disclosed. Full Article
FAS Opens Cases Against Volzhskaya TGK OAO and TGK-6 OAO-Interfax
Interfax reported that Russia's Federal Antimonopoly Service (FAS) has opened cases against generating companies Volzhskaya TGK OAO and TGK-6 OAO owing to signs that the generating companies have violated competition law, the regulator said in a statement. The statement said that the generating companies violated the law by manipulating prices in the framework of competitive power coupling operations for 2013 in the Volga free power transfer zone. The companies gave out inflated price quotations, which were not in accordance with the requirements of economic feasibility. Full Article
Volzhskaya TGK OAO Launches New Power Block Worth RUB 11 Billion-Interfax
Interfax reported that Volzhskaya TGK OAO launched a new power block at the Syzran Combined Heat and Power Plant (CHP). The new power block Volga Agat with 229 Megawatt (MWt) in capacity was been commissioned at Syzran CHP. The unit will operate using a gas-steam cycle. Volga Agat's output-input ratio will reach 52% whereas this figure at the majority of CHPs in Russia comes to approximately 30%. The construction of the new block commenced in 2009. Total costs for Volga Agat come to approximately RUB 11 billion. Full Article
Territorial'naya generiruyushchaya kompaniya No 9 OAO Receives Permission From FAS To Acquire 100% Stake In TGK-5 OAO And In Volzhskaya TGK OAO-PRIME-Novosti
PRIME-Novosti reported that Federal Antimonopoly Service (FAS) has provided Territorial'naya generiruyushchaya kompaniya No 9 OAO with the permission regarding the acquisition of a 100% stake in Territorial'naya generiruyushchaya kompaniya No 5 OAO (TGK-5 OAO) and in Volzhskaya TGK OAO. Financial details were not disclosed. Full Article
INTER RAO YEES OAO Decreased Stake in Volzhskaya TGK OAO from 24.9902% to 18.04%
INTER RAO YEES OAO announced that on February 9, 2012, it has decreased its stake in Volzhskaya TGK OAO from 24.9902% to 18.04% as a result of asset management agreement execution. Further details were not disclosed. Full Article
Volzhskaya TGK OAO Announces Change Of Members Of The Management Board And Its Chairman-SKRIN
SKRIN reported that Volzhskaya TGK OAO has dismissed all Members of the Company's Management Board, including its Chairman, Mr. Vladimir Vilgelmovich Dikop. Following this, the Company has created new Management Board consisting of four Members. Moreover, Mr. Evgeny Nikolaevich Olkhovik was appointed new Chairman of the Management Board at the Company. The changes are effective as of November 18, 2011. Full Article
Territorial'naya generiruyushchaya kompaniya No9 OAO Receives Permission From FAS Regarding Acquisition Of 100% Stake In Volzhskaya TGK OAO-SKRIN
SKRIN reported that Federal Antimonopoly Service (FAS) has provided Territorial'naya generiruyushchaya kompaniya No9 OAO with the permission regarding the acquisition of a 100% stake in Volzhskaya TGK OAO. Financial details were not disclosed. Full Article
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