T Plus Explained

T Plus
Type:Public Joint Stock Company
Predecessors:-->
Successors:-->
Founded:2002
Founders:-->
Hq Location City:Krasnogorsk
Hq Location Country:Russia
Areas Served:-->
Owner:Renova Group

T Plus (Russian: Т Плюс) is a Russian electricity generation company part of the Renova Group.[1] It was known as IES Holding until 2014.

T Plus incorporates assets from the territorial generating companies TGC-5, TGC-6, TGC-7, and TGC-9.[2] It is the largest private heating and electricity generation company in the country,[3] controlling 7% of the power generation and 10% of the heating market.[4]

The director of T Plus was accused of paying over $14 million in bribes to regional officials in the Komi Republic between 2007 and 2014 in exchange for fixing tariffs for heating and electricity.[5]

The company's shares were delisted from the Moscow Exchange in September 2016.[6]

In 2022, the company's revenue amounted to 267 billion rubles.[7]

External links

Notes and References

  1. News: Only big players join Russia's solar-dominated tender. 4 September 2017. Renewablesnow.com. en.
  2. News: Russia's IES Holding starts asset consolidation to raise efficiency. 4 September 2017. TASS. ru.
  3. Web site: T Plus Group. Power Generation Russia 2017. 4 September 2017. en-us.
  4. News: In Putin's Russia, corporate bribery is both mandatory and dangerous. 4 September 2017. Financial Post. 7 September 2016.
  5. News: Russia telecoms chief quits as T Plus graft probe widens. 4 September 2017. Financial Times.
  6. Web site: Об исключении ценных бумаг из Списка ценных бумаг, допущенных к торгам, и о прекращении торгов ценными бумагами. Московская Биржа. 4 September 2017.
  7. Web site: ПАО "Т Плюс" . 2023-09-10 . www.rusprofile.ru . ru.