Volga TGC (TGC-7) has been jointly established by Samaraenergo, Saratovenergo, and Ulyanovskenergo with payment for its authorized capital in generating and heating network assets of Samaraenergo, Saratovenergo and Ulyanovskenergo.
100% of actions Orenburg Heat Generation Company have been contributed to the authorized capital of Volga TGC in March, 12th, 2007.
1 stage. Creation of interregional production companies
2 stage. Restructuring of AO-Energo
3 stage. Companies merger
Orenburg TGC shares contribution to the authorized capital
Key stages of companies restructuring
| ¹ | Action | Date |
|---|---|---|
| 1 | Restructuring project approval by RAO UESR Board of Directors | September 3, 2004 |
| 2 | Resolution of General Shareholders Meetings (Samaraenergo, Saratovenergo and Ulyanovskenergo) on participation in Volga TGC | July 18, 2005 |
| 3 | State registration of Volga TGC | August 1, 2005 |
| 4 | Resolution of Samaraenergo, Saratovenergo and Ulyanovskenergo General Shareholders Meetings on reorganization in form of regional generation companies spin-off | September 30, 2005 |
| 5 | Start of operating activities | January 1, 2006ã. |
| 6 | State registration of regional generation companies | April 1-3, 2006 |
| 7 | Start of regional generation companies merger | April 16, 2006 |
| 8 | Orenburg TGC shares contribution to authorized capital of Volga TGC | March 12, 2007 |
| 9 | Resolution of Volga TGC and regional generation companies General Shareholders Meetings on the companies reorganization in the form of merger | January 15, 2006 |
| 10 | Placing of Volga TGC fresh issue with AO-Energo shareholders, registration of regional generation companies activities termination | June 1, 2007 |