Fortum Values Investments in 4 of 5 Largest Capex Projects
OREANDA-NEWS. November 16, 2010. Fortum, formerly known as TGK-10, values 4 out of 5 of its largest investment projects at RUB 90.2 bn, including VAT, the genco said in the 3Q2010 report.
The company’s capex program includes 5 projects: the 2nd phase of rehabilitation works at the Tyumen TPP-1, including the installation of 190/220 MW combined cycle plant; installation of the K-220-1.6 bottom turbine at the Tobolsk TPP, construction of the 3rd energy unit at the Chelyabinsk TPP-3 (220 MW combined cycle plant), construction of combined power plants No. 1, 2 and 3 at the Nyagan GRES, 418 MW each, and construction of energy units No. 3 and 4 and the Tyumen TPP-1, 225 MW each. The capex program is the company’s top-priority task. All of the projects are to be built by 2014.
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