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Gazprom-AR2014

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76<br />

Performance Results<br />

Major investment projects<br />

During 2014,<br />

the Group<br />

commissioned<br />

905 MW of new<br />

generating capacity<br />

in Russia.<br />

<strong>Gazprom</strong> Group’s investment programme is one of the largest in the Russian power industry.<br />

The Group’s generating companies are implementing the investment programme, subject to their<br />

obligations under capacity supply agreements (CSA). Completion of the CSA programme by the<br />

Group’s companies is expected to provide c. 9 GW of new generating capacity in Russia in 2007<br />

through 2016.<br />

During 2014, the Group commissioned 905 MW of new generating capacity in Russia.<br />

Thus, from 2007 through 2014, the Group commissioned 6.1 GW of new capacity under CSAs.<br />

Additionally, <strong>Gazprom</strong> is decommissioning inefficient generating facilities, with 428 MW decommissioned<br />

over the reporting period.<br />

Commissioning and decommissioning by generating companies in 2014<br />

— PGU-420 power unit commissioning at CHPP-16 of OAO Mosenergo with a capacity of 420 MW.<br />

— PGU-420 power unit commissioning at Cherepovetskaya GRES of OAO OGK-2 with a capacity of 420 MW.<br />

— Gas turbine commissioning at CHPP-9 of OAO Mosenergo with a capacity of 64.8 MW.<br />

— Decommissioning of three 150 MW turbine generators and two boiler plants at Serovskaya GRES of OAO OGK-2.<br />

— Power unit decommissioning at Troitskaya GRES of OAO OGK-2 with a capacity of 278 MW.<br />

<strong>Gazprom</strong> Group’s capex for power and heat generation and distribution during 2014 was<br />

RUB 72.7bn, i.e. slightly increased y-o-y (RUB 71.5bn in 2013).<br />

The bulk of capital expenditures was allocated for the construction of steam power units at the<br />

Troitskaya GRES (660 MW) and Novocherkasskaya GRES (330 MW) of OAO OGK-2, steam power<br />

units at CHPP-12 (220 MW) and CHPP-20 (420 MW) of OAO Mosenergo, and a gas turbine for the<br />

combined heat and power plant (100 MW) at Centralnaya CHPP of OAO TGC-1.<br />

OAO <strong>Gazprom</strong> Annual Report 2014

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