Fortum commissioned its Nyagan 2 power plant unit in Russia. The unit's certified capacity is 424 MW. In accordance, Fortum will start to receive capacity payments for Nyagan 2 as of December 1, 2013 in addition to revenues from electricity sales to the wholesale market.
Nyagan 1 has been in commercial operation since April 1, 2013 and the construction of Nyagan 3 is slated for completion by the end of 2014.
The Nyagan power plant is part of Fortum's almost 2,400 MW investment program in Russia. The program is covered by capacity supply agreements and comprises eight combined-cycle gas units, five of which have now been commissioned. New CSA-backed generation capacity receives capacity payments according to agreement.
The Nyagan greenfield project, comprising three combined-cycle gas units, is being constructed in the town of Nyagan in Western-Siberia. When completed, the power production capacity of the natural gas-fueled new power plant will be about 1,250 MW. It is the first new-build power plant of this scale in two decades in Russia.