17/05/2018

Press release: Gazprom Management Committee approves new power generation strategy

The Gazprom Management Committee approved the Company’s power generation strategy for 2018–2027.

It was noted that by this date Gazprom had successfully created the largest vertically integrated power holding company in Russia. The core assets in such areas as power and heat generation, heat transfer and marketing are consolidated in Gazprom Energoholding. The assets have the aggregate installed capacity of 38.8 GW. Gazprom Energoholding is one of Europe’s top ten power producers.

 

Gazprom’s investment obligations under capacity supply agreements are nearly fulfilled, with 8.6 GW of new high-performance capacities brought into operation and 3.7 GW of inefficient generating facilities consequently decommissioned. Work is underway on the final CSA-based project – construction of the Grozny TPP. The Gazprom Energoholding Group is financially sustainable: in 2007–2017, its annual revenue growth averaged about 15 per cent.

A key strategic goal of the Company’s power generation strategy for 2018–2027 is to achieve sustained profit growth while maintaining the reliability of energy supplies for consumers.

The strategy entails, inter alia, building and upgrading generating capacities, as well as decommissioning facilities that are no longer economically viable. Particular attention is paid to further improvements in operational effectiveness, technological development, and the use of import-substituting equipment. In addition, Gazprom is committed to diversifying its power business by entering promising markets in Russia and abroad.

The issue of Gazprom’s power generation strategy for 2018–2027 will be submitted for consideration by the Company’s Board of Directors.


Другие новости этого раздела:

19/10/2018

Press release: Lukoil Board of Directors convenes extraordinary general shareholders meeting and recommends interim dividend amount

Press release: Lukoil Board of Directors approved the report on the submission of applications by shareholders

Press release: Lukoil and Uzbekneftegaz sign memorandum of understanding

Russia’s mineral fertilizer output up 1.9% in January-September 2018

18/10/2018

Press release (Uralchem): Russia-Belarus Business Council may become a facilitator for businesses and government agencies

Press release: Alexey Miller briefs Dmitry Medvedev on Gazprom’s readiness for autumn/winter period

Press release: PhosAgro, IPNI and Vologda Region Research on Correct Application of Fertilizers Shows a 30% Increase in Forage Crop Yields and 20% Reduction in the Cost of Milk Production in a Large Vologda Region Farm

ToAZ starts construction of third urea facility

17/10/2018

Press release: PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO, promotes Vladimir Davydenko to General Director of JSC Apatit

Press release: Gazprom Export to be first among Gazprom's subsidiaries to join tax monitoring regime

Press release: Fitch Ratings Revises Uralkali’s Rating Outlook to Stable from Negative

Press release: Mikhail Katsevman: “Price increase for energy resources and commodities is one of the primary reasons for loss of the competitive edge of polymers”

Press release: NOVATEK and Fluxys Plan to Build an LNG Terminal in Rostock

Press release: SIBUR announces results of Eurobond buyback offer

Fakuma: 26th international trade fair for plastics production and processing