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07/22/2008E.ON starts work onnew-build power project |
€800 million investment in efficient gas units
E.ON has today started work on the construction of two new combined-cycle gas turbine units at its Surgutskaya GRES-2 power plant in Siberia. The two units will add 800 MW to the existing power plant, taking its total capacity to 5,600 MW.
The new highly-efficient gas turbines will become operational in December 2010, making the Surgutskaya thermal plant one of the highest capacity power stations in the world. E.ON will invest approximately €800 million in the project. This will form part of E.ON’s approximately €2 billion Russian investment program, which aims to expand power capacity from 8,630 MW to 11,030 MW by the end of 2011.
The Surgutskaya GRES-2 power station is situated in the Tyumen region of Russia. With a capacity of 4,800MW, the plant provides electricity for around 40% of the region’s population. With consumption expected to grow over the next years, the new power plant will use the latest gas turbine technology to efficiently boost power production in Russia.
Surgutskaya GRES-2, Shaturskaya GRES, Berezovskaya GRES, Smolenskaya GRES and Yayvinskaya GRES power plants are subsidiaries of OAO OGK-4. E.ON acquired a majority stake (76.09%) in OAO OKG-4 in 2007. The business runs a fleet of comparatively modern and efficient power stations in the Russian regions Urals, Western Siberia, Volga, and Central Russia.
E.ON has today started work on the construction of two new combined-cycle gas turbine units at its Surgutskaya GRES-2 power plant in Siberia. The two units will add 800 MW to the existing power plant, taking its total capacity to 5,600 MW.
The new highly-efficient gas turbines will become operational in December 2010, making the Surgutskaya thermal plant one of the highest capacity power stations in the world. E.ON will invest approximately €800 million in the project. This will form part of E.ON’s approximately €2 billion Russian investment program, which aims to expand power capacity from 8,630 MW to 11,030 MW by the end of 2011.
The Surgutskaya GRES-2 power station is situated in the Tyumen region of Russia. With a capacity of 4,800MW, the plant provides electricity for around 40% of the region’s population. With consumption expected to grow over the next years, the new power plant will use the latest gas turbine technology to efficiently boost power production in Russia.
Surgutskaya GRES-2, Shaturskaya GRES, Berezovskaya GRES, Smolenskaya GRES and Yayvinskaya GRES power plants are subsidiaries of OAO OGK-4. E.ON acquired a majority stake (76.09%) in OAO OKG-4 in 2007. The business runs a fleet of comparatively modern and efficient power stations in the Russian regions Urals, Western Siberia, Volga, and Central Russia.
This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.