Power industry

Events

Market leader

Gazprom Group is the leader of the Russian power market in terms of aggregate installed electric (some 38 GW) and thermal (over 70,000 Gcal/h) capacity. Gazprom accounts for 14 per cent of all electric power generated in Russia.

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 Gazprom Energoholding subsidiary company, the majority shareholder of Mosenergo, MOEK, OGK-2, and TGC-1.

Gazprom Group’s assets also include the fifth power generating unit of the Hrazdan TPP in Armenia.

Generating capacities of Gazprom Group in Russia as of December 31, 2015

Generating capacities of Gazprom Group in Russia as of December 31, 2015

Mezhregionenergosbyt, a subsidiary of Gazprom, is a leading Russian power trading company. It operates in 47 Russian regions and is an active player in both wholesale and retail power markets. The company covers over 95 per cent of Gazprom subsidiaries’ electricity needs.

Power and heat generation

In 2015, Gazprom Group produced 147.2 billion kWh of electricity and 117.1 million Gcal of heat 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

Over the course of 2015, Gazprom generated 0.7 billion kWh of electric power in Armenia. Thus, Gazprom Group’s total output of electricity in 2015 amounted to 147.9 billion kWh.

Power and heat marketing

In 2015, Mezhregionenergosbyt sold 5.6 billion kWh of electric power to non-Gazprom Group consumers in Russia.

In addition, 2015 saw Gazprom Group supply around 1.9 TWh of electricity to end consumers in Germany, the Netherlands, and the UK.

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

  2012 2013 2014 2015
Russia 324.0 362.4 409.1 403.1
Former Soviet Union 5.6 2.2 2.5 2.5
Other international markets 11.2 11.0 15.4 19.1
Total 340.8 375.6 427.0 424.7

Investments

Gazprom is one of the largest investors in Russia’s power industry. In implementing all its investment projects in the sector, the Company is bound by the obligations it assumed upon the acquisition of generating assets, i.e. the obligations to commission 9 GW of new generating capacities between 2007 and 2016.

In 2015, Gazprom put into operation 1,390 MW of new generating capacities in Russia: two 420 MW power generating units – one at the Serov SDPP (OGK-2) and one at the Ryazan SDPP (Mosenergo) – as well as a 220 MW power generating unit and a 420 MW unit at CHPP-12 and CHPP-20 (Mosenergo), respectively. A total of 7.5 GW of new capacities was put onstream from 2007 through 2015, with the aggregate investments exceeding RUB 400 billion.

Gazprom Group’s capital investments in power and heat production and marketing totaled RUB 99.0 billion in 2015.

Most of the investments were used in the construction of new power generating units at the Troitsk SDPP, Serov SDPP, Novocherkassk SDPP, and Ryazan SDPP operated by OGK-2, the Tsentralnaya CHPP operated by TGC-1, and CHPP-12 and CHPP-20 operated by Mosenergo.