Russian gas monopoly Gazprom, which is also the largest investor in Russian energy sector, plans to unite its energy assets and create a single company. The cost of new energy structure, which is to become the largest in Russia, could reach $12 billion. Belarus is called as one of priority foreign markets for its investment.
Moreover, Gazprom energy holding, owning Gazprom energy assets also plans to develop markets of Ukraine, the Baltic States, Finland, Kazakhstan, Romania, Bulgaria, Turkey, Hungary, Great Britain, Germany, Poland, India and China. On domestic Russian market, the company may be engaged in electricity distribution, heat and water supply, telecommunications’ development, Vedomosti informs.
As Gazprom energy holding’s representative, Maria Frolova, reported, mechanism to merge four subsidiaries (Mosenergo, TGK-1, OGK-2 and OGK-6) was being studied by consultants. In the case of successful merger of subsidiaries, Gazprom energy holding will create the largest energy company of Russia with fixed capacity of 36 GW. United company will be able to take the 12th place in the world, stated in Gazprom energy holding. Furthermore, uniting only OGK-2 and OGK-6 will allow to create the fourth largest energy company in Russia with capacity of 17.8 GW.
In December, the Board of directors of Gazprom will examine the strategy of energy assets for 10 years. A key challenge will be to increase business value. Gazprom energy holding expects that by 2015 the profitability of its generating assets under EBIT to reach 15%. The company’s revenue growth in 2010-2015 should also amount to 15% a year.
