Fortum has commissioned its natural gas-fueled Nyagan 2 power plant unit in Russia. The unit's certified capacity is 424 megawatts (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 planned to be finalized by the end of 2014.
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 new state-of-the-art power plant will be approximately 1,250 MW. It is the first new-build power plant of this scale in two decades in Russia.
“We have commissioned already the second large unit under our investment program this year. With Nyagan 2, over 60% of the new and efficient power generation capacity we have committed to build is now in production. 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,” said Alexander Chuvaev, Executive Vice President of Fortum's Russia Division.
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 (CSA) and comprises eight combined-cycle gas units, five of which have now been commissioned. New CSA-backed generation capacity receives capacity payments according to “The Capacity Supply Agreement”.