Gazprom has stated that the unpredictability of the electric power market and the scope of investment programs in the power sector, and the development of network infrastructure makes it difficult to provide a precise and consistent evaluation of the company’s market potential.
The Russian gas monopoly said that the fulfillment of the proposed structural and behavioral requirements for Gazprom and the Siberian Coal and Energy Company (SUEK) would considerably hinder the implementation of the company’s projected strategy.
Subsequently, Gazprom and SUEK shareholders have decided to stop the discussions concerning the power and coal asset merger to focus on their own strategies in power generation.
Gazprom noted that the work done to structure the deal and develop the strategy confirms the potential for a coal-fired power generation development program to be implemented in Russia.
