Despite negative figures for the two Russian stock exchanges Micex and RTS yesterday, several energy companies saw major interest in their stocks, newspaper Vedomosti reports.
The Territorial Generating Company No 1 (TGK-1) – one of the biggest power generators in Northwest Russia – saw its stock value increase with more than 30 percent in only few hours, resulting in the stock exchanges suspending trading with the company.
The TGK-1 owns generating units in Murmansk Oblast, the Republic of Karelia and Leningrad Oblast. It is controlled by Gazprom and its subsidiaries.
TGK-1 in 2008 produced 26,886 billion kWh, which is 3,2 percent more than in 2007, the company website inform.