24 May 2010 14:33

TGK-2, Chinese Huadian may build power plant in Yaroslavl ahead of schedule

MOSCOW. May 24 (Interfax) - TGK-2 , a territorial generating company controlled by the Sintez group, and Chinese Huadian, its partner in construction of a 450-megawatt steam-gas unit in Yaroslavl, plan to begin work on the project feasibility study this summer. They do not rule out the idea that the unit might be completed one year ahead of schedule, in 2012.

"The new capacity in Yaroslavl is scheduled to begin operation in 2013. We and our partners expect to launch the facility sooner than that, in 2012. We have every opportunity," a Sintez spokesman quoted executive director Andrei Korolyov as saying.

China's Northeast Electric Power Design Institute (NEPDI) might take part in preparing the feasibility study.

TGK-2 agreed to carry out the project jointly with Huadian in March 2010. TGK-2 and Huadian will set up a joint venture in which the Chinese company has a 51% stake. The joint venture will be formed around Yaroslavl Thermal Power Plant LLC, which was specially set up in April 2010 for the purpose.

Investment in the project will total about 20 billion rubles.

TGK-2 has power plants in six region: Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl regions. Installed capacity totals 2,583 megawatts of electricity and 12,473 Gcal/hr of heat.