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12.10.2011 10:42

Russia’s Gazprom Eyes Thermal Power Plants in UK, Benelux, Bulgaria

There are also rumors that Gazprom was interested in either acquiring CEZ’s thermal power plant in Bulgaria, or building a new gas-fired plant to balance electricity supply from wind turbines in Northeastern Bulgaria

AUTHOR: publics.bg

© Gazprom

Russian energy giant Gazprom is interested in acquiring power generation assets in Great Britain, Germany and Benelux, according to Denis Fyodorov, CEO of Gazprom EnergoHolding.

Fyodorov told reporters that Gazprom considered buying existing plants or buying new ones, novinite.com reported.

He stressed that the company was ready to acquire full control of the business and pay for the assets in cash.

The head of Gazprom's power unit specified talks on a joint venture in power generation were underway only with Germany's RWE.

Exclusive RWE-Gazprom talks about setting up a joint venture to build and operate gas-fired power plants in Germany, the UK, and the Benelux countries started in July and were initially set to end on October 14, but the end-date was postponed by a year.

Fyodorov further said that the Russian firm was interested in setting foot on the electricity markets in Japan, South Korea and China, mainly through building gas-fired power stations.

He revealed that Gazprom had also planned to take part in the first stage of the liberalization of Turkey's market, but later decided to wait and see how the process unfolds.

Gazprom and a number of its main eastern European customers were last week raided by EU competition authorities.

The antitrust probes were said to have had no impact on RWE's joint-venture negotiations with Gazprom.