Anglo-Russian oil producer TNK-BP Ltd. plans to invest at least $700 million to upgrade and reconstruct its captive power generation facilities over the next three years, the company said Wednesday.
Anglo-Russian oil producer TNK-BP Ltd. plans to invest at least $700
million to upgrade and reconstruct its captive power generation facilities over
the next three years, the company said Wednesday.
The funds will mostly be spent to construct and upgrade gas turbine power
plants and power grids, TNK-BP said in a statement.
"Within 10 years, TNK-BP plans to satisfy more than 50% of its own power
requirements," said Pavel Strunilin, TNK-BP's vice president for power
supply.
TNK-BP intends to construct gas turbine power plants at the Van-Yoganskoe field
located in the
Nizhnevartovsk
region with a capacity of 37 megawatts, and at its Uvat fields in the
Tyumen
region with a total capacity of up to 70 megawatts.
The company is considering power plant projects in the
Orenburg
region of between 400 and 800 megawatts, and for Yamal fields with a capacity
of up to 264 megawatts.
TNK-BP is 50%-owned by
U.K.
oil
major BP PLC (BP).
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