Company History

September 2007

• OJSC TGC-5 officially becomes the first private territorial generating company in Russia.

December 2007

• IES-Holding, a majority shareholder in OJSC TGC-5, acquires CJSC VyatkaTorf.
• IES-Holding purchases an interest in OJSC Kirovenergosbyt at an auction held by RAO UES of Russia, thus becoming a majority shareholder of the company.

 February 2008

• IES-Holding acquired 100% of the additional issue of TGC-9, as well as the shares previously held by RAO UES Russia, and became the holder of the controlling stake of TGC-9;
• The management of Integrated Energy Systems decided to create a new business model of IES-Holding, which would include generation (electricity and heat production, heating networks), trading, retail (retail sales of electricity, heat) and construction of new generating facilities.

  May 2008

• IES-Holding won the competition to purchase the state-owned stake in JSC Volga Generating Company (TGC-7);
• IES-Holding purchased 50,1% shares of JSC Komi Energy Sales Company at the auction of RAO UES Russia;
• As part of IES-Holding’s new business model, the Urals Generation division was launched.

  July 2008

• The Udmurt Government and IES-Holding signed a bilateral agreement on cooperation in the development of the fuel and energy complex and social sphere of the Udmurt republic;
• As part of IES-Holding’s new business model, the Trading division was launched.

  August 2008

•  As part of IES-Holding’s new business model, the Production Development division was launched.