TGC-1

OJSC TGK 1 is the leading producer of electric and thermal energy in the North-West region of Russia, as well as the country's second territorial generating company in terms of installed electric power. The company unites 55 power plants in four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, the Leningrad and Murmansk regions. 19 of them are located beyond the Arctic Circle.

Compared to other generating companies in Russia, TGK 1 has a unique structure of production assets. Hydrogenation accounts for over 45% of its installed capacity. This is 41 hydroelectric power stations with a total capacity of about 3,000 MW.

4000 MW - total capacity of 14 thermal power plants. These are strategic sources of thermal energy for residents and enterprises of St. Petersburg, Petrozavodsk, Murmansk, the cities of Kirovsk, Leningrad Region and Apatity, Murmansk Region.

The electricity generated by TGC 1 is primarily supplied to the domestic wholesale market (through the federal wholesale market), and is also partially exported to Finland and Norway.

History

2024: VK bought the Pervomayskaya CHPP workshop for the creation of a data center

In September 2024, VK completed the purchase of one of the buildings on the territory of the Pervomayskaya CHPP, located on Korabelnaya Street, to accommodate a new data processing center. This deal has become the largest in the industrial segment of St. Petersburg since the beginning of 2024.

According to Delovoy Petersburg, the transaction was carried out through Date Center M100 LLC, the sole founder of which is VK LLC. The company acquired a building with an area of ​ ​ about 29 thousand meters ² from PJSC Territorial Generating Company No. 1 (TGK-1), which is part of the Gazprom Energoholding group. According to Rosreestr, the acquired facility is a former TETs-14 turbine shop, which was decommissioned after the construction of a new gas complex. According to Gosstroynadzor, preparatory work is underway at the facility for its dismantling.

𝓲

Freepik

The exact value of the deal between VK and TGK-1 was not disclosed. However, according to Stanislav Bibik, partner of the NF Group, a building without taking into account capacities and engineering systems can cost up to ₽1 billion. He noted that this facility is ideal for hosting a data center due to its scale and characteristics. In turn, the head of the IBC Real Estate branch in St. Petersburg, Sergei Vladimirov, estimates the possible value of the transaction at up to ₽1,5 billion, adding that the demand for plots for data centers exceeds supply due to the need to connect to large electric power.

Alexey Fedorov, Director of the Department of Capital Markets and Investments at Bright Rich|CORFAC International, pointed out that industrial areas within the city have become extremely popular.

The areas within the city due to the availability of large amounts of electricity required for the data center are unique. The price of the transaction could be ₽1,5 - ₽1,8 billion, - he added. The market is showing a tendency to concentrate computing power on one site, as evidenced by growing interest from institutional investors[1]

Notes