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EuroSibEnergo Group acquires a new energy asset in Nizhny Novgorod

EuroSibEnergo has acquired LLC Teploseti (Nizhny Novgorod). Thus, the VolgaEnergo Group forming part of EuroSibEnergo has started managing the company which has a right to a long-term lease on municipal property. This includes 29 heat pump units supplying hot water to Avtozavodsky district; 13 central heating points in Leninsky district, about 600 kilometers of networks (heating and water pipelines). The headcount at LLC Teploseti is over 500 people.

As EuroSibEnergo’s specialists have estimated based on the technical audit, municipal networks are in a relatively good condition; however, there are certain problems related to the heating networks in the district as a whole. In the near future, it is planned to estimate the amount of investments required for the reconstruction and upgrades of the acquired facilities as part of the integrated heating system, which is being created in Nizhny Novgorod.

Evgeny Fedorov, CEO of OJSC EuroSibEnergo: “This transaction is the final stage in forming a system for uninterrupted and reliable heat and hot water supply to the consumers in Avtozavodsky and Leninsky districts of Nizhny Novgorod. Not only does this form an integrated energy system which includes heat and electricity generation, its distribution and sale, but also makes the project socially oriented. This is of special importance, as the project on the reconstruction of the Avtozavodskaya CHPP has been launched; it is to become the Group’s main project in 2013. Its implementation will enable to increase electricity generating capacity of the CHPP to 880 MW, while its heat generating capacity will exceed 2,500 Gcal/h. An increase in capacity will enable us to satisfy the growing demand for electricity and heat in Nizhny Novgorod.”

Press service of OJSC EuroSibEnergo

EuroSibEnergo (www.eurosib.ru) is Russia’s largest private power company owned by En+ Group. EuroSibEnergo operates 18 power plants with a total installed capacity of 19.5 GW. The company’s major HPPs forming part of the Angara- Yenisei HPP Cascade (the Krasnoyarskaya, Bratskaya, Ust-Ilimskaya and Irkutskaya HPPs) have a total capacity of over 15 GW. EuroSibEnergo also owns coal deposits with total reserves of about 1.2 billion tons, as well as distribution and engineering companies. In 2011 OJSC EuroSibEnergo’s power plants generated over 80 billion kWh of electricity. In Nizhny Novgorod, EuroSibEnergo manages the VolgaEnergo Group which includes LLC Avtozavodskaya CHPP with installed electricity generating capacity of 580 MW and heat generating capacity of 2,074 Gcal/h, 24 boiler stations with a total capacity of 662.5 Gcal/h, as well as heating networks and a distribution company CJSC VolgaEnergoSbyt.

December 07, 2012
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