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Power Generation
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LUKOIL’s new business sector, Power Generation, was created in 2008
as part of the Group’s Strategic Development Program, and the sector has a
special role to play in the Group’s updated Strategy for 2012–2021. Power
Generation will be an important factor for growth of cash flow and shareholder
value in the long term.
The business comprises all aspects of power generation, including
delivery and marketing of electrical energy and of heat produced at power
plants. The nucleus of the segment is the Russian power generating company, UGK
TGK-8, which was acquired by LUKOIL in 2008, but it also includes companies
producing electricity and heat at Company refineries in Bulgaria, Romania, and
Ukraine.
The sector provides energy both for the
Company’s own needs (in the Exploration & Production and Refining &
Marketing segments) and for external power and heat customers in the Southern
Federal District of Russia.
Structural transformations
From January 1, 2011 hydroelectric stations owned by
LUKOIL-Rostovenergo and LUKOIL-Kubanenergo were transferred to the new company,
LUKOILEcoenergo. In August 2011 Dagestanenergo was sold by LUKOIL Group as part
of final procedures for the disposal of power assets in the Republic of
Dagestan.
Electricity and heat
generation
 Companies
in LUKOIL’s Power Generation segment generated about 12.6 billion kWh of power
in 2011. Total supplies of heat were 15.2 million Gcal, of which 13.8 million
Gcal in Russia. Levels of production were dictated by conditions on the market
for electricity and heat energy.
Small-scale generating
LUKOIL is rapidly developing its own electricity generating
facilities at oil and gas fields, enabling the Group to substantially reduce
electricity purchases and increase the rate of associated gas use by using it to
generate electricity at gas- fired facilities. The Company has total
smallgenerating capacity of 549 MW. Electricity generation at company facilities
in this segment were 2,201 GWh in 2011, representing 17.3% of total consumption
of electricity in production operations.
Electricity supply arrangements have been made more secure by use
of the latest technologies in investment projects for construction and
reconstruction of the Company’s own generating facilities. Use of new
technologies also enables the Company to limit spending on its electricity
needs, through improvement of energy efficiency and use of the Company’s own
refined products as generating fuel.
Marketing
The Power Generating Sector provides energy for the Company’s own
needs.
In 2012 OOO TD Energoservis acquired the right to participate in the
auctions at wholesale power market in favor of OOO LUKOIL West Siberia and OOO
LUKOIL-Nizhegorodnefteorgsintez.
On January 1, 2012 Energoservis started its operations in new
regions of the Russian Federation: in Omsk Oblast and Kemerovo Oblast, the
Republic of Udmurtia and the Republic of Tatarstan.
Energy-saving technologies
LUKOIL works constantly to improve reliability of its electricity
supply arrangements and to reduce spending on energy. These efforts have been
coordinated through corporate programs for energy saving and improvement of the
reliability of power supplies.
An energy-saving Program for LUKOIL organizations was approved at
the start of the reporting year, prepared on the basis of proposals by
enterprises themselves with the objective of limiting and reducing energy
consumption in hydrocarbon production and refining, petroleum product marketing,
petrochemicals, power generation and transportation. Energy savings of $35
million were achieved in 2011 thanks to the Program.
 Renewable
energy
LUKOIL specialists appreciate the huge potential of resource and
energy savings, which is offered by alternative sources of energy. Priority
types of alternative renewable energy include hydro, wind, solar and geothermal
energy. LUKOIL is developing alternative energy in partnership with
international companies, which are already engaged in this sphere. In 2011
LUKOIL rapidly developed cooperation in the field of renewables with the Italian
company, ERG Renew, which has extensive experience in construction and operation
of renewable energy facilities. A working group of LUKOIL and ERG Renew is
designing a number of wind-energy projects in Bulgaria, Romania, Ukraine and
Russia. First priority has been
given to renewable-energy power stations in countries where the Company has
strong operating presence and where there is administrative and economic support
for renewable energy at government level. This particularly concerns projects
for wind power stations in Bulgaria and Romania.
In Uzbekistan LUKOIL is working on a project for construction of
a solar power station with 100 megawatt capacity in association with the Uzbek
Government and the Asian Development Bank.
At the end of 2011 a 1.25 megawatt photovoltaic (solar)
generating facility was brought into use at a fuel-fired power station belonging
to LUKOIL in Bulgaria. Estimated annual production of electricity is about 1,500
megawatt-hours. Operation of the solar power facility will substantially reduce
environmental impacts.
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Summary data |
2009 |
2010 |
2011 |
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Installed capacity of combined heating plants,
MWh |
2,967 |
4,384 |
3 524 |
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Installed capacity of hydropower plants,
MWh |
297 |
295 |
295 |
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Installed heating capacity, Gcal/h |
9,819 |
14,343 |
12 382 |
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Installed capacity of boiler plants,
Gcal/h |
2,027 |
2,028 |
1 909 |
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Electricity output, mln KWh |
13,137 |
14,638 |
12 703 |
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Heat production, th. Gcal |
15,072 |
15,310 |
15
194 |
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LUKOIL-Kubanenergo
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LUKOIL-Rostovenergo
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LUKOIL-Volgogradenergo |
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LUKOIL-Ecoenergo | |
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