Power industry

Events

Market leader

Gazprom Group is the leader of the Russian power market in terms of the aggregate installed electric (some 38 GW) and thermal (over 70 thousand Gcal/h) capacity. The share of Gazprom Group is 15 per cent in the Russian electric power industry and 24 per cent – in thermal power industry.

Gazprom is Russia’s largest owner of power generating assets

Gazprom is Russia’s largest owner of power generating assets

Generating assets

Gazprom’s core generating assets are consolidated in its subsidiary company Gazprom Energoholding, which is a majority shareholder of Mosenergo, MOEK, OGK-2 and TGC-1.

In addition, Gazprom Group assets include the fifth power generating unit at the Hrazdan TPP in Armenia.

Generating capacities of Gazprom Group in Russia as of December 31, 2014

Generating capacities of Gazprom Group in Russia as of December 31, 2014

Mezhregionenergosbyt, a subsidiary of Gazprom, is a leading Russian power distribution company operating in 47 Russian constituents and being an active player of both the wholesale and retail power markets. The company provides over 95 per cent of electricity for the needs of Gazprom’s subsidiaries.

Power and heat generation

In 2014 Gazprom Group produced 154.6 billion kWh of electric and 125.2 million Gcal of thermal power in Russia.

Electric power produced by Gazprom Group’s generating companies in Russia, billion kWh

Electric power produced by Gazprom Group’s generating companies in Russia, billion kWh

Thermal power produced by Gazprom Group’s generating companies in Russia, million Gcal

Thermal power produced by Gazprom Group’s generating companies in Russia, million Gcal

In 2014 Gazprom generated 0.86 billion kWh of electric power in Armenia. Thus, the total output of electricity generated by Gazprom Group in 2014 amounted to 155.4 billion kWh.

Electric and thermal power distribution

In 2014 Mezhregionenergosbyt sold 6.2 billion kWh of electric power to non-Gazprom Group consumers in Russia.

The sales volume of electricity generated in Armenia amounted to 0.8 billion kWh in 2014.

Besides, in 2014 Gazprom Group supplied around 2.9 billion kWh of electricity to end consumers in the UK, Germany and the Netherlands.

Gazprom Group revenues from electricity and heat sales (exclusive of VAT and similar levies)

  2012 2013 2014
Russia 324.0 363.0 408.9
FSU countries 5.6 2.2 2.5
Far abroad countries 11.2 11.0 15.4
Total 340.8 376.2 426.8

Investments

Gazprom is a major investor into Russia’s power industry. It implements all the investment projects in this area according to the obligations assumed upon acquisition of generating assets, i.e. to commission 9 GW of new generating capacities between 2007 and 2016.

In 2014 Gazprom put into operation 905 MW of new generating capacities in Russia: two 420 MW combined-cycle gas turbine units – one for the Cherepovets SDPP (OGK-2) and another for CHPP-16 (Mosenergo), as well as a 65 MW gas turbine unit for CHPP-9 (Mosenergo). All in all, 6.1 GW of new capacities were commissioned between 2007 and 2014; the investments reached RUB 357 billion.

In 2014 Gazprom Group’s capital investments in production and distribution of electric and thermal power totaled RUB 72.7 billion.

Most of the investments were allotted for the construction of steam power units at the Troitsk SDPP (660 MW) and Novocherkassk SDPP (330 MW) of OGK-2, combined-cycle gas turbine units at CHPP-12 (220 MW) and CHPP-20 (420 MW) of Mosenergo as well as a gas turbine unit (100 MW) at the Tsentralnaya CHPP of TGC-1.