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Gazprom to analyse power engineering potential of NE Asia

September 27, 2011, 14:14 UTC+3
Gazprom was showing interest in the power engineering sector of those countries primarily in connection with the prospect of the growth of Russian gas deliveries
1 pages in this article

 

27/9 Tass 183

 

MOSCOW, September 27 (Itar-Tass) — Gazprom will analyse the situation on the power engineering markets of North East Asian countries, taking into consideration a possibility of the increase of gas deliveries to that region. A corresponding resolution was adopted by the Gazprom Board of Directors, the Gazprom information department reports.

“The Board of Directors approved the work of Gazprom in putting into effect its strategy in power engineering. The Board has been assigned to organise work for the analysis of power engineering markets in other countries, including countries of North East Asia,” the report said.

The meeting of the Board of Directors pointed out that Gazprom was showing interest in the power engineering sector of those countries primarily in connection with the prospect of the growth of Russian gas deliveries to that market and a possibility to create synergy with the gas business through taking part in all the stages of the creation of value – from gas deliveries to the participation in electricity generation and distribution.

The Gazprom strategy in power engineering was adopted by the Board of Directors in 2007. As a result of its putting into effect, the Gazprom group became the biggest owner of power engineering assets in Russia and one of the world’s ten biggest electricity producers. A total installed capacity of power engineering assets of the group exceeds 37 GW.

Late in 2009 Gazprom completed the consolidation of the main electricity generating assets – Mosenergo, TGK-1, TGK-2 and OGK-6 – under the control of Gazprom Energoholding (a 100 per cent subsidiary of Gazprom). So, an effective structure was created for exercising management in accordance with common corporate standards.

The Gazprom group is the biggest investor in Russian power engineering. Investment projects are implemented in accordance with the commitments, assumed by Gazprom during the purchasing of generating assets.

At present Gazprom Energoholding is working on the merger of two generating companies – OGK-2 and OGK-6. The merger will result in the creation of the biggest thermal electricity generation company in Russia with the installed capacity of 17.9 GW.

 

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