T Plus

T Plus (Russian: Т Плюс) is a Russian electricity generation company part of the Renova Group.[2] It was known as IES Holding until 2014.[3]

T Plus
TypePublic Joint Stock Company
Founded2002
Headquarters
Krasnogorsk
,
Russia
Revenue$4.97 billion[1] (2016)
-$41.3 million[1] (2016)
-$269 million[1] (2016)
Total assets$6.77 billion[1] (2016)
Total equity$2.91 billion[1] (2016)
OwnerRenova Group
WebsiteOfficial website

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

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.[6]

The company's shares were delisted from the Moscow Exchange in September 2016.[7]

References
  1. http://www.tplusgroup.ru/fileadmin/f/voltgc/ir/financial/msfo/2012/T_Pljus_MSFO_2016.pdf.
  2. "Only big players join Russia's solar-dominated tender". Renewablesnow.com. Retrieved 4 September 2017.
  3. "Russia's IES Holding starts asset consolidation to raise efficiency". TASS (in Russian). Retrieved 4 September 2017.
  4. "T Plus Group". Power Generation Russia 2017. Retrieved 4 September 2017.
  5. "In Putin's Russia, corporate bribery is both mandatory and dangerous". Financial Post. 7 September 2016. Retrieved 4 September 2017.
  6. "Russia telecoms chief quits as T Plus graft probe widens". Financial Times. Retrieved 4 September 2017.
  7. "Об исключении ценных бумаг из Списка ценных бумаг, допущенных к торгам, и о прекращении торгов ценными бумагами". Московская Биржа. Retrieved 4 September 2017.
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