Russia’s IES to sell Kachkanarsk CHP plant to end-user

Integrated Energy Systems (IES), part of Viktor Vekselberg's Renova Group, plans to sell the Kachkanarsk CHP plant in Sverdlovsk, Russia, to Evraz KGOK by the end of the year.

The sale of the CHP has been under consideration for a long time, according to Russian media.

Evraz KGOK, which is one of Russia’s top ore mining enterprises, is the sole consumer of Kachkanarsk CHP's electricity.

IES has denied the deal has any connection to the planned merger of IES and Gazprom Energoholding, which might yet face a probe from the Federal Antimonopoly Service (FAS).

Kachkanarsk's installed capacity is 50 MW, with the station located at Evraz KGOK's production complex. Evraz KGOK says it plans to look into refurbishing the CHP in order to boost its production capacity.

In a statement, IES's deputy general director, Roman Nizhankovsky, said:"The sale of the Kachkanarsk CHP to Evraz KGOK is a logical step since the station was initially built for the plant's needs.

Furthermore, the station was loss-bearing for IES during the summer. After it is transfered to Evraz KGOK's balance sheet, output might be balanced for the winter and summer."

For more Cogeneration/CHP news.

For more Business news.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...