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 the end of 2018, the Group’s generating assets totaled:

  • 39.96 GW of installed electric capacity;
  • 70,790 Gcal/h of installed thermal capacity.

Gazprom accounts for 14 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

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 Thermal Power Plant (TPP) via Gazprom Armenia.

Fifth power generating unit of Hrazdan TPP in Armenia
Fifth power generating unit of Hrazdan TPP in Armenia

Fifth power generating unit of Hrazdan TPP in Armenia

Gazprom Group’s generating assets as of December 31, 2018

  Installed electric capacity, GW Installed thermal capacity, thousand Gcal/h
Gazprom Energoholding 38.58 67.91
Other generating assets in Russia and abroad 1.38 2.88
Total 39.96 70.79
Generating assets of Gazprom Energoholding as of December 31, 2018
Generating assets of Gazprom Energoholding as of December 31, 2018

Generating assets of Gazprom Energoholding as of December 31, 2018

Power and heat generation

In 2018, the Gazprom Group produced 151.50 billion kWh of electricity and 131.25 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 2018, the Group generated 1.69 billion kWh of electric power abroad. Thus, Gazprom’s total electricity output in 2018 amounted to 153.19 billion kWh.

Power and heat marketing

In 2018, the Gazprom Group’s overall net revenue (exclusive of VAT) from the sales of electricity and heat reached RUB 522.1 billion.

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

  2014 2015 2016 2017 2018
Russia 409.1 403.1 461.9 487.3 501.4
Former Soviet Union 2.5 2.5 2.5 2.9 5.1
Other international markets 15.4 19.1 17.3 13.6 15.6
Total 427.0 424.7 481.7 503.8 522.1

Investments

The Gazprom Group is one of the largest investors in Russia’s power industry. Upon bringing Power Unit No. 2 of the Grozny TPP into operation in June 2019 (Power Unit No. 1 came onstream in December 2018), Gazprom Energoholding completed the ambitious investment program aimed at building new generating capacities under capacity supply agreements (CSAs), with some 9 GW added to Russia’s power generating assets as a result of the Gazprom Group’s CSA-based efforts in the period from 2007 through 2019.

The Group’s capital investments in power and heat production and marketing totaled RUB 72.9 billion in 2018. Most of the investments were used to build two GTU-180 power units at the Grozny TPP, to carry out the construction of the Svobodny TPP and the Pancevo CHPP in Serbia, and to upgrade the active generating equipment of the Verkhne-Tulomskaya HPP operated by TGC-1 and Power Unit No. 9 at CHPP-22 operated by Mosenergo.