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OGK-1 & TNK-BP Sign A Deal With Siemens-Enka

OGK-1 and TNK-BP signed an agreement with the Siemens-Enka consortium to complete the engineering for the initial phase of the project to construct the third power unit of the Nizhnevartovsk state district power plant

OGK-1 & TNK-BP Sign A Deal With Siemens-Enka

Construction of the third power unit – a combined cycle gas turbine (CCGT unit) with installed capacity of 800 megawatt — is planned to be launched in 2009 and completed in 2012.

Under the 15-year agreement, TNK-BP will supply the third power unit of the Nizhevartovsk GRES with pre-treated lean gas. TNK-BP’s annual deliveries to two operating power units at the Nizhnevartovsk GRES currently equal 3 billion cubic metres of gas.

The new unit will consume an additional 1.2 billion cubic metres of gas per year. TNK-BP will also annually purchase about 6 billion kilowatt per hour of generated electric power from the third unit.

TNK-BP and OGK-1 have established the joint venture NVGRES HOLDING LIMITED for the project realization. TNK-BP owns a 25% stake plus 1 share in the joint venture which the company acquired for $356 million. OGK-1 has paid for its shareholding in the jv by contributing two operating power units of the Nizhnevartovsk GRES.

Author: Ksenia Kochneva


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