T Plus establishes Karat Plus

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AK&M 06 August 2020 19:18

PJSC T Plus has established Karat Plus LLC, according to the Unified State Register of Legal Entities.

The company was founded on August 5. Its authorized capital is equal to RUB 4.8 billion. Oleg Mukovozov is appointed as its CEO. The core business of the newly established company is the management of financial and industrial groups.

PJSC T Plus (previous name: OJSC Volga Territorial Generating Company / Volga TGC (TGC-7), tax number: 6315376946) was established on August 1, 2005 in pursuance of the project of reforming power supply systems of Samara, Saratov, Ulyanovsk and Orenburg regions. The principal profile of the company's activity is the generation of thermal and electric power, sales of electric power in the wholesale market, heat supply of household and industrial consumers. Volga TGC includes generating and heat distribution assets of OJSC Samaraenergo, JSC Saratovenergo and OJSC Ulyanovskenergo; later (on March 9, 2007), 100% of shares of JSC Orenburg EGC were contributed to the company's authorized capital.

In December 2014, IES-Holding, JSC TGC-5, OJSC TGC-6, JSC TGC-9, JSC Orenburg EGC and other companies were merged into OJSC Volga TGC as part of the IES-Holding generating asset consolidation process. The shares of all the companies involved in the merger process (except for those meant to be canceled) were converted into additional shares of Volga TGC. The company was renamed as PJSC T Plus in May 2015.

T Plus ensures steady and uninterrupted electricity supplies in 16 regions of Russia. The company provides services to more than 14 million individuals and over 160,000 legal entities. T Plus Group manages 61 power stations, more than 400 boiler houses and almost 18.000 kilometers of heat supply networks. The installed electrical capacity of the group's power facilities is 15.5 GW, heat capacity is 55 thousand Gcal/h.

The Nizhny Novgorod branch of T Plus Group include the Dzerzhinskaya, Novogorkovskaya, Sormovskaya combined heat and power plants, the Dzerzhinsk and Kstovo heat supply networks.