Record 6,134 MW of new generating capacity commissioned in Russia in 2012

The Russian power sector has undergone substantial reform over the past few years. The restructuring was aimed at ending the state monopoly of the power sector and the formation of a competitive power market. In recent years the replacement of ageing power-generating facilities has been the main driver for new investment in the energy sector construction market.
The ageing power infrastructure in Russia, the rapid pace of modernisation, and the expansion of the country’s power generating capacity and capabilities together encourage a positive outlook for the energy sector construction market. Despite certain challenges in overcoming the financial crisis of 2009-2010, this market has demonstrated dynamic growth since 2009 with a compounded annual growth rate of 37%. In 2012, 6,134 MW of new generating capacity were activated, the best performance since 1985. Nearly 81% of the capacity added in 2012 was developed under Capacity Provision Agreements (CPAs), a mechanism providing the generating companies with a guaranteed return on investment. Among the projects that were delivered outside the CPA scope are the gas turbine power plant (GTPP) of the company FosAgroCherepovets, with an installed capacity of 32 MW, Priobskaya GTPP (45 MW), and GTPP Vachimskiy (36 MW).

Sign up now to open the complete market analysis.

You may open an unlimited number of analyses accessible from PMR websites.
  • 1E-mail
    (to send requested information)
  • 2Brief profile
    (required for new e-mails only)

 required fields

You must accept PMR’s Privacy Policy.