T Plus

T Plus 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]

References

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