TGK-9 JSC to obtain 50bn RUR within framework of long-term investment program

TGK-9 JSC, the regional power supplier, is going to attract 50bn RUR within the framework of its long-term investment program. The funds are to support the company’s production investments. These plans were disclosed by the GD of TGK-9 JSC Andrey Makarov.

Now the company’s management is going to launch construction of Novobogoslovskaya heat-electric generating plant and of State District Power Plant in Nizhneturinsky District. These stations are expected to supply the demand for electricity in Serovo-Bogoslovsky and Nizhneturinsky Districts of Sverdlovsk Region.

Mr Makarov also indicated that TGK-9 JSC was going to start an additional share issue worth 17bn RUR in 2007.

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