June 12, 2008

Fortum’s TGC-10 Begins Contruction of Nyaganskaya CHP Plant

Finnish electricity generator Fortum has announced that its Russian subsidiary TGC-10 has broken ground on the new Nyaganskaya combined-cycle power plant near Nyagan, a town situated in the gas and oil producing region in the Khanty-Mansisk Autonomous Region in western Siberia, Russia.

The new power plant will comprise three gas-fired units each with a power production capacity of 400MW. The first two units will be commissioned in 2011 and the third in 2012.

Once completed, the power plant will have an annual production of 8.6TWh of electricity. According to Russian electricity holding company UES, power consumption in the region is estimated to increase by over 50% by 2010, based on the last five years' growth.

With an estimated total investment cost of about E1 billion, the construction of the Nyaganskaya combined heat and power (CHP) is reportedly the largest single investment project in the Russian power sector.