TGC-1 Signed its First Non-Regulated Agreement for Supplying Green Energy from HPP

TGC-1 PJSC has entered into its first non-regulated agreement for selling electric energy with Siburenergomanagement JSC (a company of SIBUR Holding).

Alfred Yagafarov, Deputy Managing Director for Electricity & Capacity Sales: “TGC-1 PJSC has a unique structure of production assets. Hydroelectric generation accounts for 40% of the rated capacity: this is about 3 thousand MW. We are ready to supply this carbon-free electric energy to industrial consumers, thus helping to improve the competitive advantages of their products, especially those sent to exports.”

Environmentally friendly green energy will be supplied by Lesogorskaya HPP in the Leningrad Oblast.

Vladimir Tupikin, SIBUR’s Director for Power and Resourcing: “Reducing the climatic impact is one of the SIBUR’s priorities, which is set forth in the Company’s Strategy for the Sustainable Development until 2025. Our partnership with TGC-1 PJSC for supplying HPP energy is an important stage in systematically achieving our long-term goals to reduce greenhouse gas emissions. We intend to further use the potential of renewables to reduce the negative impact on the climate and to minimize the carbon footprint of our products.”

TGC-1 PJSC continues to enter into agreements for supplying HPP energy to industrial enterprises in the North-West of Russia. In the nearest future, it is planned to supply power from two stations of the Niva HPPs Cascade in the Murmansk Oblast.

Reference

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading producer and supplier of electricity and heat power in the North-West of Russia. It comprises 52 power plants within four constituent entities of the Russian Federation: St. Petersburg, the Republic of Karelia, and Leningrad and Murmansk Oblasts.

The rated electric capacity is 6.9 GWe, and the heat capacity is 13.5 thousand GCal/hour. Hydroelectric generation makes up 40% of the rated electric capacity produced by 40 HPPs with a total capacity of about 3,000 MW.

SIBUR is the leader of the Russian petrochemical industry and one of the major global companies in this sector with more than 22 thousand employees. Its unique vertically integrated business model allows for SIBUR to create highly competitive products used in the manufacture of consumer goods and motor vehicles, construction, power generation, as well as in chemical industry and other industries in 90 countries worldwide.

SIBUR recycles by-products of oil and gas production, thus contributing to the reduction of CO₂ emissions from their combustion.

In 2019, SIBUR’s revenue amounted to RUB 531 billion, and EBITDA was RUB 170 billion. Over the past 10 years, SIBUR has implemented several large-scale investment projects worth more than RUB 1 trillion.