BALC Projects / Projects: Power Energy /

TGC-2 / Novgorod Cogeneration Plant

Power generating equipment leasing for Novgorod Cogeneration Plant.

Total contract value: RUB 4.5 billion
Financing: “Vnesheconombank” (State Corporation “Bank for Development and Foreign Economic Affairs”)

This BALC 101-month lease agreement (2008-2016) focuses on the enlargement and renovation of Novgorod Cogeneration Plant (Russian: “Novgorodskaya TES”, affiliate of TGC-2) and organizes the purchase, integrated delivery, assembling and installation of the following equipment:

• GTE-160 gas turbine and TZFG-160-2M turbo generator both manufactured by Power Machines Co. (Russia)
• Water pipe waste heat boiler manufactured by Engineering Company “ZIOMAR” (Russia)
• Additional equipment from different manufactures

OJSC Territorial Generation Company №2 (TGC-2) was established on 25 February 2005. TGC-2 is a leading heat and power generation company in Northern Russia. The company’s activities include heat and power generation as well as heat power sale (steam and hot water) to consumers. TGC-2 has generating capacities in 6 regions: Arkhangelsk, Vologda, Kostroma, Novgorod, Tver and Yaroslavl. TGC-2 operates 16 heat CHPPs, 11 boiler-houses, 5 enterprises of heat pipelines. The aggregate installed electric capacity of TGC-2 enterprises is 2 576.5 MW.