I'm interested in

The page will reload with new widgets as you request.

Power Generation

The Company's power generation segment is represented by a fully vertically integrated chain, from generation to transmission and distribution of heat and power to external consumers (commercial power generation) and for own needs (supply power generation).

The aggregate power generation capacity of the Group entities is 6.4 GW, with commercial power generation accounting for 72% and supply power generation accounting for 28%. 

COMMERCIAL POWER GENERATION

The Group's main commercial heat generating facilities are located in the south of the European part of Russia. In particular, LUKOIL accounts for 97% of electricity generation in the Astrakhan Region and 59% in the Krasnodar Territory.

Under the Wholesale Capacity Supply Agreement, which guarantees return on investment in the construction of modern CHPPs, generating facilities with a combined capacity of 949 MW were commissioned in the south of Russia, exceeding the obligations under the Agreement by 59 MW.

RENEWABLES

The Group's major renewable energy assets are located in Russia (four HPPs with an cumulative capacity of 291 MW, output of 1,156 GWh in 2018).

The Group also operates two solar power plants at its own refineries with a capacity of 9 MW in Romania and 1.3 MW in Bulgaria. These plants, built on unused industrial sites within the refineries, supply electricity to local grids.

In addition, the Group owns the 84 MW Land Power wind power plant in Romania, which benefits from state support to renewable power generation.

SUPPLY POWER GENERATION

Development of in-house electricity generation at its fields and plants helps the Group to reduce its electricity costs and increase the APG utilization as a fuel for gasfired power plants.

In 2018, supporting power generation by the Group totaled 7,319 million kWh, while its share in LUKOIL's total electricity consumption for production purposes was 34%.