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 2020, the Group’s generating assets totaled:

  • 38.73 GW of installed electric capacity;
  • 68,560 Gcal/h of installed thermal capacity.

Gazprom accounts for 13 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, 2020

  Installed electric capacity, GW Installed thermal capacity, thousand Gcal/h
Gazprom Energoholding 37.36 65.60
Other generating assets in Russia and abroad 1.37 2.96
Total 38.73 68.56

Power and heat generation

In 2020, the Gazprom Group produced 130.98 billion kWh of electricity and 118.47 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 2020, the Group generated 1.15 billion kWh of electric power abroad. Thus, Gazprom’s total electricity output in 2020 amounted to 132.13 billion kWh.

Power and heat marketing

In 2020, the Gazprom Group’s overall net revenue (exclusive of VAT) from the sales of electricity and heat totaled RUB 499.5 billion.

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

  2016 2017 2018 2019 2020
Russia 461.9 487.3 501.4 495.6 467.7
Former Soviet Union 2.5 2.9 5.1 3.3 4.2
Other international markets 17.3 13.6 15.6 19.4 27.6
Total 481.7 503.8 522.1 518.4 499.5

Investments

The Gazprom Group’s capital investments in the area of power and heat production and marketing in 2020 were used to build the Svobodny TPP (brought into operation in April 2021) and the Pancevo TPP in Serbia, as well as to renovate the equipment of Power Unit No. 9 at CHPP-22 operated by Mosenergo (Moscow) and perform renovations at the Avtovo CHPP-15 operated by TGC-1 (St. Petersburg).

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

Construction site of TPP in Pancevo, Serbia