October 29, 2007
IFC “METROPOL” will act as an organizer of placing of additional issue of shares of Open Joint Stock Company "TGK-11"
The Board of Directors of Open Joint Stock Company "TGK-11"
following the results of conduct of competitive negotiations
affirmed the Consortium of investment banks IFC” METROPOL” and
Close Joint Stock Company “Raiffeisenbank Austria” as an investment
and financial adviser for rendering of services for preparation and
monitoring of additional issue of shares of Open Joint Stock
The financial adviser developed a scheme for placing of additional
issue of shares of Open Joint Stock Company "TGK-11" which was
approved on 26th of October, 2007 by the Board of Directors of RAO
UES of Russia. The scheme assumes parallel preparation of the sale
to the strategic investor and public flotation. The decision on
choice of a concrete variant will be accepted at a later stage of
the transaction proceeding from estimation of the best alternative
for the generating company. In case of sale of additional issue of
shares to the strategic investor, it will become a buyer of the
government’s share, and at the sale in the market the Board of
Directors of RAO UES of Russia will make an individual decision on
the way of realization of the government’s shareholding.
The limit of size of additional issue - 181 billion of ordinary
shares of nominal value 0,01 roubles which corresponds to 35,2 % of
the current authorised capital and 26 % of the increased
Due to the additional issue TGK-11 expects to raise up to 8 billion
roubles which are planned to assign for financing of investment
projects of reconstruction of Omsk thermal power station-3 and
construction of Omsk thermal power station-6.
Open Joint Stock Company "TGK-11" following the
consolidation at the end of the first half of November, 2007 will
become one of the largest energy companies of the Western Siberia.
A basic line of activity of Open Joint Stock Company "TGK-11" is
production of electric and heat energy as well as realization of
heat (steam and hot water) to consumers. Thus, the company controls
4 thermal power stations, 1 state district power station (the city
of Tomsk), 2 boiler-houses, a heating system enterprise.
The total installed electric capacity of the enterprises operated
by Open Joint Stock Company "TGK-11" - 2 026 MW; the total heat
power - 8 241 Gcal, the total thermal-transmission distance - 806
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