Gazprom Energoholding puts off IPO plans until 2016
MOSCOW. Feb 8 (Interfax) - LLC Gazprom Energoholding (GEH), which unites the electric power assets of the Gazprom group, has pushed back until 2016 its plans for its IPO, an attendee of a Friday meeting with Gazprom investors told Interfax.
Earlier, GEH General Director Denis Fyodorov had said that the holding was sticking with its plans to have its IPO in 2014 or 2015, linking that to the completion of the investment program by its companies, which should substantially increase GEH's value.
GEH's assets include OJSC TGK-1 , OJSC Mosenergo , and OJSC OGK-2 . Total generation capacity is 38 gigawatts.
OGK-2's generating capacity, factoring in the absorbed OGK-6, is 18.4 gigawatts, and its thermal energy capacity is 4,500 gCal/hour. The unified company has the Serov, Troitsk, Stavropol, Pskov, Ryazan, Novocherkassk, Kirishi, and Cherepovets State District Power Plants (GRES), Krasnoyarsk GRES-2, and Surgut GRES-1.
OJSC Mosenergo is Russia's biggest territorial genco, with generating capacity of 12.3 gigawatts and heating capacity of 35,100 gCal/h.
TGK-1 unites power stations in St. Petersburg, Karelia, Leningrad and Murmansk Regions, and has power generating capacity of more than 7.3 megawatts and thermal energy capacity of 14,900 gCal/h.