Quadra - Generating Company (formerly TGK-4)

Joint Stock Company "Quadra - Generating Company" (JSC "Quadra") is one of the largest Russian territorial generating companies (TGC) created during the reform of JSC RAO "UES of Russia" and was registered on April 20, 2005 (until May 18, 2010 the company was called OJSC "TGC-4," until July 1, 2015 - OJSC "Quadra"). Since January 2022, Quadra JSC has been part of the division of Rosatom State Corporation - RuSat Infrastructure Solutions JSC.

History

2023

Change in legal form

According to the Unified State Register of Legal Entities, from March 2, 2023, the full name of the organization was changed from PJSC Quadra-Generating Company to JSC Quadra-Generating Company.

Aktivs

As of January 2023, PJSC Quadra includes 8 branches, 20 power plants, 316 boiler houses, 5.8 thousand km of heating networks are being serviced in 10 regions:, Belgorod,, Voronezh,, Kaluzhskaya,, Kurskaya,, and Lipetsk. Orlovskaya Ryazan Smolenskaya Tambovskaya Tula regions

Main activities

The main activities of PJSC Quadra are the production and sale of electricity in the wholesale electricity and capacity market, as well as the production, transportation and sale of thermal energy in the retail market (as of January 2023).

2022: Mikhail Prokhorov sold 82.47% of shares in Rosatom

In January 2022, Mikhail Prokhorov sold Rosatom an 82.47% stake in Quadra. It is one of his last major industrial assets.

Prokhorov bought it in 2008 for $700 million, and in 2022 was able to sell it to Rosatom for $337 million. The company has generated losses all these years.

About 20 power plants and 317 boiler houses will be transferred to the state corporation.

2018: IT Infrastructure

Data for 2018:

• 4,000 users
• 9 main sites in the Central Federal District
• 400 items of main IT equipment
• 7 years - average age of IT equipment

2014

Aktivs

OJSC "Quadra - Generating Company" is a Russian energy company, registered on April 20, 2005.

As of April 2014, the company includes 24 power plants and 7 heating network enterprises, 665 boiler houses.

The main activities: production, transportation of electric and thermal energy, as well as the provision of services for managing the energy business. The company has a broad branch network distributed throughout the Central Federal District.

Rumors about the possible sale of the company to the French EDF and Inter RAO

By April 2014, information had already appeared on the market that Onexim could sell its stake in Quadra to French EDF and Inter RAO^[1].

TGK-4 had a plan to spend the billions received on the construction of new facilities and, through the sale of additional capacity at high prices, to block losses from the production of thermal energy," said Alexander Kornilov, senior analyst at Aton for the oil and gas sector and electricity in 2016

Construction, however, was slow, electricity prices were never fully marketable, and regulation of heat tariffs is still archaic.

Quadra has been causing losses to ONEXIM for several years. Not only did the investor receive an unprofitable company, but the block of shares fell almost tenfold and now costs 2.3 billion rubles, "said Lenar^[2], vice president of Smart Consulting Group (SCG)^[2] July 2016

2013: Net loss of RUB 1.19 billion and capitalization drop to RUB 3.9 billion

Quadra's year-on-year profit continued to decline. The net loss of OJSC Quadra in 2013 increased by 1.92 times to RUB 1.19 billion from RUB 619.51 million in the same period of the previous year. All this led to the fact that as of February 2014, the Quadra company cost 3.9 billion rubles on the exchange. In 2008, Onexim acquired a 50.3% stake in the company for 26 billion rubles.

2011

As of October 2011, the company worked in 11 regions of the Central Federal District - Belgorod, Bryansk, Voronezh, Kaluga, Kursk, Lipetsk, Oryol, Ryazan, Smolensk, Tambov, Tula.

2010: Renaming the company "Quadra"

In 2010, the company was renamed PJSC Quadra. This name was invented by the employees of the company itself, then it was approved by the shareholders. I liked the new name with its personality, as well as the fact that the number "4" was played in it - the serial number received by the company during the reform of RAO UES of Russia.

Former name until May 18, 2010: OJSC "Territorial Generating Company No. 4" - TGK-4.

2009

Evgeny Abramov - the new head of the company

In March 2009, after the purchase of TGC by ONEXIM, a new director, Evgeny Abramov, came to the enterprise. He accepts the farm from the heirs of RAO UES and under it is developing an investment program for the commissioning of new capacities in 2009-2015, rebranding was carried out, the organization was renamed. But at the same time, he fails to meet the deadlines for the commissioning of new generating capacities, of the eight planned construction projects, only one can be completed in 2009 and one in 2010. Russian Prime Minister Vladimir Putin during a working trip to the USGES called the work of the TGK-4 for the development of the country's power the weakest of all generating companies.

Onexim Mikhail Prokhorov buys 50.3% of the company for 26 billion rubles

The reform of the energy industry, conceived and carried out by Anatoly Chubais, at the end of 2000-x inspired optimism. Electricity prices were promised to make market prices, so investors rushed to buy up assets. Mikhail Prokhorov chose one of the best - TGK-4.

OJSC "Quadra" at that time united the power plants of 10 former "AO-energo," located in the Central Federal District. The company includes 24 power plants and 7 heating network enterprises, 665 boiler houses. Revenue for 2009 - 29.7 billion rubles, net profit - 2.1 billion rubles. The total number of personnel is 16.1 thousand people. The headquarters of the company is located in Tula.

This huge structure provided half of the electricity needs of the European part of Russia. Before the purchase, the reporting company has always shown profit since 2007. Based on further growth in 2009, ONEXIM paid 26 billion rubles for 50.3% of the TGK-4.

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