Gazprom Considering Merging TGK-1 With Mosenergo

September 6, 2010
Russian gas giant Gazprom is considering merging TGK-1, the biggest electricity generating company in Northwest Russia, with Mosenergo. According to Interfax, the merger project might be on the table of the Gazprom board by the end of the year. In addition to the Mosenergo-TGK-1 merger, Gazprom is also considering merging the OGK-2 and OGK-6 companies.
According to Forbes.ru, Gazprom plans to include all its electricity-producing assets into one joint corporative management centre.
TGK-1 includes electricity producing units in Murmansk Oblast, the Republic of Karelia, Leningrad Oblast and Sankt Petersburg. The Finnish company Fortum owns 25 percent of TGK-1.
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