Gazprom energoholding and NIS signed agreement on the building if TES in Panchevo (Serbia), the company informed.
In line with a document the negotiations on the formation of JV are under way. It is assumed to keep an exclusive right of investments and execution of operations within the project. Gazprom energoholding is expected to hold 51%; NIS- 49%. The generated energy will be transferred primarily to NIS refinery and Petrohemia Plant as strategic partner of NIS. The remained portion will be sold on the Serbian energetic market. The liberalization is assumed to be in full force in 2015.
Gazprom energoholding is a vertically-integrated holding (wholly-owned sub of Gazprom). It provides control over generating companies included into Gazprom Group. It is the largest energetic assets owner in Russia . The Company keeps working interest in Mosenergo, TGK-1, OGK-2 and MOEK. The Group includes above 80 power plants of 38GW and 71.2th Gcal/h. From 2007 5GW were launched in operation (Adlerskaya TES, Kirishskaya GRES).
NIS is one of the largest vertically integrated energetic companies in Europe. It provides prospecting, extraction and refining of the crude oil and gas. Gazprom neft holds 56.15%; 29.88% being held by Serbia government.
It has two refineries with 7mln ton/y in total capacity. The output gains 1.7mln ton/y.