16 Nov 2009 17:28


MOSCOW. Nov 16 (Interfax) - OJSC TGK-11's sales revenue in the first nine months of 2009 went up 4% year-on-year to 11.4 billion rubles, the genco said its report for Russian accounting standards (RAS).

The genco said that the increase in sales revenue had been driven by the establishment of higher tariff rates on electricity and heat.

TGK-11's production costs went up by 1.5% to 11.25 billion rubles while gross profit increased by 51.5% to 11.25 billion rubles.

In the nine months, the genco's operational expenditures more than doubled to 1.05 billion rubles.

TGK-11's pretax losses increased by 340% to 851.85 billion rubles.

It was earlier reported that the genco's net losses for the nine months went up 290% year-on-year to 634.5 million rubles from 160.8 million rubles posted for the same period of 2008.

TGK-11 operates in the Omsk and Tomsk regions. Installed capacity totals 2,026 megawatts of electricity and 8,202 Gcal/hr of heat.