Investments and Development of the
Russian Thermal Power Industry

Thermal power plays a key role in the Russian power complex, remains relevant and has high investment potential due to several factors:

Investments

• 25+ existing and planned investment projects for the construction and modernisation of stations. Among the projects there are the following: modernisation of generating facilities of the TPP-21, the TPP-25; reconstruction of the ES-2 of the Central TPP; reconstruction of the Avtovskaya TPP; technical retrofit of the Northern TPP; reconstruction of the TPP-part of the Kirishskaya state district power station; technical retrofit of the Vladimirskaya TPP-2, and many others
• 422 bn roubles – the attracted investments in the modernisation of thermal power plants for the period from 2022 to 2024
• Total investments in the Russian fuel and energy complex may grow to5 tn roubles in 2024
• 70 bn roubles in 2024–2025 – investments in the energy system of new regions of the Russian Federation

Programmes of key market players

• The investment programme of MOEK (Moscow United Energy Company) for the period from 2024–2026 will amount to 104 bn roubles
• 415 bn roubles until 2032 – investments by T Plyus energy company in heat supply

Relevance

• By 2028, electricity consumption is expected to be increased by 11.48% to 1,233 bn kWh with an average annual increase of 1.83%
• Electricity consumption in Russia increased by 4% in 2023

Thus, thermal power is one of the promising sectors of the economy, and the demand for thermal energy remains high that ensures stability and profitability of investments in this industry.