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 2019, the Group’s generating assets totaled:

  • 40.13 GW of installed electric capacity;
  • 70,270 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 MosenergoTGC-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, 2019

  Installed electric capacity, GW Installed thermal capacity, thousand Gcal/h
Gazprom Energoholding 38.75 67.32
Other generating assets in Russia and abroad 0.90 2.92
Total 40.13 70.27
Gazprom Group’s generating capacity as at 31 December 2019
Gazprom Group’s generating capacity as at 31 December 2019

Gazprom Group’s generating capacity as at 31 December 2019

Power and heat generation

In 2019, the Gazprom Group produced 148.00 billion kWh of electricity and 122.38 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 2019, the Group generated 1.02 billion kWh of electric power abroad. Thus, Gazprom’s total electricity output in 2019 amounted to 149.02 billion kWh.

Power and heat marketing

In 2019, the Gazprom Group’s overall net revenue (exclusive of VAT) from the sales of electricity and heat totaled RUB 518.4 billion.

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

  2015 2016 2017 2018 2019
Russia 403.1 461.9 487.3 501.4 495.6
Former Soviet Union 2.5 2.5 2.9 5.1 3.3
Other international markets 19.1 17.3 13.6 15.6 19.
Total 424.7 481.7 503.8 522.1 518.4

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 reached RUB 79.0 billion in 2019. Most of the investments were used to complete the construction of the second power unit of GTU-180 at the Grozny TPP, the Svobodny TPP, and the Pancevo TPP in Serbia.

Construction site of Svobodny TPP
Construction site of Svobodny TPP

Construction site of Svobodny TPP

Construction site of TPP in Pancevo, Serbia
Construction site of TPP in Pancevo, Serbia

Construction site of TPP in Pancevo, Serbia