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
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.