PSCs consolidate commitment of the generating companies to upgrade the existing facilities and to build new ones, as well as payment terms.
In accordance with the signed documents OAO Kuzbassenergo is to modernize 2 units at each of the following sites: Tom-Usinskaya GRES (220 MW), Belovo GRES (400 MW) and Barnaul TPP-2 (110 MW) within 2013-2014, and will also build the 1st and 2nd phases of Kuznetsk Gas-Turbine Power Plant (280 MW).
OAO Eniseyskaya TGC (TGC-13) will launch Krasnoyarsk TPP-3 (185 MW), a new unit at Abakan TPP (120 MW) and will refurbish Unit No.7 at Nazarov GRES (415 MW) under its PSCs within 2012-2014.
"Finalizing and signing the power supply contracts is a key event in reforming the electric power sector, an important step in the industry development. These contracts help focus investments on the most relevant projects essential for electric power and energy security of the growing economy. Power supply contracts are juridical texts. However, they are a better tool than any power-point presentation or 3D model to display new energy units and plants, a new and reliable electric power sector of Russia," asserted S. Mironosetsky.