Russia can not found any company wishing to build a Thermal Power Plant to supply Crimea with electricity

Russia did not tender for the construction of a Thermal Power Plant in Taman, which should generate electricity for the area including the annexed Crimea.

According to the “Kommersant” newspaper, the project covers construction a new gas thermal power plant (TPP) with capacity of 450 Mw in Taman. It should be put into operation before the end of 2018 and should be constructed on the base of assured profitability: the base yield is 14% and the payback period is 15 years. However, none of the investors became interested in the project.

As the newspaper notes, enthusiasm of investors was tempered by the threat of sanctions: a TPP in Taman is seen as a source of supply of Crimea, and, although it is not planned to be situated to the peninsula, participation in its construction or supply equipment can be regarded as “subject to sanctions”.

PJSC “Unipro” (formerly “E.On Russia”), a generating company of Tatarstan was officially interested in the project and Technopromexport was willing to build it out of competition. Also it was reported that the Chinese could participate in consortium with a Russian power company from “non top 10”.

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