Russia approves Lukoil’s Krasnodar power plant upgrade project

03/06/2019 08:55 Electricity Market

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Russia -based energy firm Lukoil’s wholly owned subsidiary Lukoil-Kubanenergo has secured approval from the Russian Government to upgrade three generation units of the Krasnodar heat and power plant located in Krasnodar Region.

The Russian Federation Government Commission on Power Industry Development has approved the modernization of three generation units, each with 150MW capacity. The units are scheduled to be commissioned in 2022 – 2024.

 

The facilities will be equipped to produce electricity required to power the wholesale market, and will be supplied under contracts with a 14% base rate of return.

 

According to Lukoil, the generation units’ running time exceeds 400 thousand hours, which is twice the standard.

 

The firm said in a statement: “In the past five years, the average rate of utilization of installed capacity of the Krasnodar heat and power plant was 74%, quite high for this kind of equipment.”

Source: nsenergybusiness.com

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