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9 June 2021

SGC to invest around 84 bn rub in upgrading TPPs in 2022-2027

In 2022-2027, SGC will invest 84 bn rub [$1.2bn] in upgrading its TPPs. This was said by Igor Sorokin, Design and Controlling Director for DPM-2 projects (TPPs modernisation programme, ed.).

"The investment amount of 84 bn rub reflects prices as of the selection year (2027, ed.) It is clear... that, adjusted for inflation, the amount will grow," he said during a live broadcast on SGC's Instagram account.

 According to Sorokin, the bulk of the money will be spent on upgrading five plants that are the Krasnoyarskaya CHPP-3 and CHPP-1 (33 bn rub [$458m]), Tom-Usinskaya GRES (~19 bn rub [$264m]), Novosibirskaya CHPP-3 (~12 bn rub [$167m]) and Reftinskaya GRES (~8 bn rub [$111m]).

He said that, following the first six selections, SGC would upgrade power facilities with a total capacity of 2,900 MW. The new modernisation programme primarily targets those capacities that are in high demand.

In 2019, Russia launched a 1.9 trillion rouble [$26,4bn] programme for the modernisation of thermal power plants. All its projects are guaranteed a return on investment through increased sold capacity prices. Projects are selected on a competitive basis. Besides the general competition for 2027, there is an additional selection process related to gas turbines for 2027-2029.

SGC is part of SUEK group of companies. It operates in the Altai, Krasnoyarsk, Primorye, Kemerovo, Novosibirsk and Sverdlovsk regions, Khakassia and Tyva. The company produces heat and electricity, distributes and supplies heat and hot water to Russian consumers.

Source: RIA Novosti
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