Power generation

Market leader

The Gazprom Group is the leader of the Russian power market in terms of aggregate installed electric and thermal capacity. As of late 2017, the Group’s generating assets totaled:

  • 40.20 GW of installed electric capacity;
  • 70,030 Gcal/h of installed thermal capacity.

Gazprom accounts for about 15 per cent of all electric power generated in Russia.

Gazprom is Russia’s largest owner of power generating assets. CCGT-220 power unit of CHPP-12 operated by Mosenergo

Gazprom is Russia’s largest owner of power generating assets. CCGT-220 power unit of CHPP-12 operated by Mosenergo

Generating assets

Gazprom’s core generating assets are consolidated in the Gazprom Energoholding subsidiary company, the majority shareholder of Mosenergo, TGC-1, MOEK, and OGK-2. Outside of Russia, the Group owns the fifth power generating unit of the Hrazdan TPP in Armenia (via Gazprom Armenia).

Gazprom Group’s generating assets as of December 31, 2017

  Installed electric capacity, GW Installed thermal capacity, thousand Gcal/h
Gazprom Energoholding 38.82 67.81
Other generating assets in Russia and abroad 1.38 2.22
Total 40.20 70.03
Generating assets of Gazprom Energoholding as of December 31, 2017

Generating assets of Gazprom Energoholding as of December 31, 2017

Power and heat generation

In 2017, the Gazprom Group produced 155.46 billion kWh of electricity and 127.34 million Gcal of heat in Russia.

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

Electricity 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

Over the course of 2017, the Group generated 1.09 billion kWh of electric power abroad. Thus, Gazprom’s total electricity output in 2017 amounted to 156.55 billion kWh.

Power and heat marketing

In 2017, the Gazprom Group’s overall net revenue (exclusive of VAT) from the sales of electricity and heat reached RUB 503.8 billion.

Gazprom Group’s net revenue from power and heat sales (exclusive of VAT), RUB billion

  2013 2014 2015 2016 2017
Russia 362.4 409.1 403.1 461.9 487.3
Former Soviet Union 2.2 2.5 2.5 2.5 2.9
Other international markets 11.0 15.4 19.1 17.3 13.6
Total 375.6 427.0 424.7 481.7 503.8

Investments

The Gazprom Group is one of the largest investors in Russia’s power industry. Upon bringing the Grozny TPP into operation in 2019, Gazprom Energoholding will complete the ambitious investment program aimed at building new generating capacities under capacity supply agreements (CSAs), with 8.9 GW added to Russia’s power generating assets as a result of CSA programs implemented by the Group in the period from 2007 through 2019 and RUB 450 billion (including VAT) spent on the investment program.

The Group’s capital investments in power and heat production and marketing totaled RUB 58.1 billion in 2017.

Most of the investments were used to build two GTU-180 power units at the Grozny TPP and the facilities of the second start-up complex at the Troitsk SDPP, to upgrade and increase the capacity of the STU-420 power unit at the Cherepovets SDPP, and to renovate Power Unit No. 9 at CHPP-22.