Rostec unit to win contract to build Taman TPP

05 April 2018, Week 13, Issue 904

Russian engineering group Technopromexport is poised to land a contract to build a 465-MW thermal power plant (TPP) in the Taman peninsula of Krasnodar.

SO-UES, Russia’s energy system operator, held a tender for construction of the station between March 21 and 28, attracting bids from Technopromexport and VetroOGK, a subsidiary of state nuclear group Rosatom. As of press time, the final results of the contest have not yet been published, although in a statement on March 28, SO-UES said it had reached a preliminary decision to select Technopromexport.

Technopromexport, a division of state engineering corporation Rostec, was involved in the construction of a 376-MW gas-fired power station at the Yamal LNG export terminal in Russia’s Arctic. It is also building a heating station in the Far East and preparing to implement a 1,400-MW TPP project in Iran.

The engineering firm offered to erect the Taman plant at a cost of 1.6 million rubles (US$28,000) per 1 MW, SO-UES said. The station, expected online in 2021, will help cover energy shortages in Krasnodar and as well as the Crimean Peninsula, annexed by Russia from Ukraine in early 2014. According to the Russian Energy Ministry, 580 MW of mainland generation capacity will be used to cover demand in Crimea in 2021, rising to 600 MW in 2022 and 630 MW in 2023.

Technopromexport, a limited liability company (LLC), should not be confused with the joint stock company (JSC) Technopromexport, another subsidiary of Rostec. The latter bought four turbines from Germany’s Siemens in 2016 for use at the Taman TPP project. But it later sold the turbines to Technopromexport LLC, which then installed them at two TPPs in Crimea.

The move, aimed at sidestepping EU sanctions, caused an international scandal. Siemens brought a lawsuit against both Technopromexport companies in Russia over the transfer of its turbines to Crimea, which violated EU restrictions on the delivery of energy equipment to the peninsula. A Moscow court rejected the case, however.

The Russian arm of Finland’s Fortum was also expected to bid for the Taman project, but in the end opted out of the tender.

“As part of the implementation of our corporate strategy, we are constantly looking for emerging opportunities for investment and the optimising of our asset portfolio in the marketplace,” a spokesperson for the Finnish group told Kommersant. “In this case, we decided not to take part.”

Joseph Murphy

Edited by

Joseph Murphy


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