The company is now receiving capacity payments for Nyagan 2, in addition to revenues from electricity sales to the wholesale market.
Comprising three combined-cycle gas units, the Nyagan power plant forms part of Fortum’s almost 2,400MW investment program in Russia.
Covered by capacity supply agreements (CSA), the program includes eight combined-cycle gas units, five of which have now been commissioned.
Fortum Russia Division executive vice president Alexander Chuvaev said more than 60% of the new and efficient power generation capacity the company has committed to build is now in production with the commissioning of Nyagan 2.
”The parties’ commitment to maintain obligations under the CSA serves as a significant indicator of the investment climate, not only in the power sector but the country as a whole " Chuvaev added.
Nyagan 1 started commercial operation in April 2013, while the construction of Nyagan 3 is expected to be finalized by the end of 2014.
The power production capacity of the natural gas-fueled new power plant will be approximately 1,250MW, upon completion.
