The CCPP Pancevo construction project has been jointly implemented by Gazprom Energoholding and NIS jsc. Novi Sad. In June 2015, a Shareholders’ Agreement was signed providing for the development of a joint company, Serbskaya Generaciya d.o.o. Novi Sad. In March 2019, the joint venture was renamed as Gazprom Energoholding Serbia d.o.o.

To manage the construction and further operation of CCPP Pancevo, a wholly owned subsidiary of Gazprom Energoholding Serbia LLC named Gazprom Energoholding Serbia TE-TO Pancevo LLC was established.

The CCPP will settle the growing needs of the Pancevo Oil Refinery in electricity and heat — process steam.

In addition, the CCPP will increase the level of reliability of power supply by supplying up to 65% of the generated electrical energy to the power system of Serbia.

For reference

Gazprom Energoholding LLC is a vertically integrated holding company, which manages energy generation companies of Gazprom Group according to the unified corporate standards.

Gazprom Energoholding LLC is the largest owner of power industry (power and heat energy generation) assets in Russia. The Group includes over 80 power plants with installed capacity of approximately 37,5 GW (electric capacity) и 65,6 thousand Gcal/h (thermal capacity).

Since 2007, Gazprom Energoholding companies have implemented over 30 construction and modernization projects for energy generation facilities with total capacity of about 9 GW. In particular, in cooperation with the world’s leading manufacturers of power equipment, 17 modern power units with capacity of 180-800 MW, based on the combined steam and gas cycle technology, have been constructed and put into operation. Putting such equipment into operation allows to decrease operating costs due to a higher efficiency factor and to reduce emission into the air. Combined steam and gas cycle power units are one of the most environmentally friendly power facilities.

NIS JSC Novi Sad is one of the largest vertically integrated energy companies in Southeast Europe.

Main activities consist of research, production and oil and natural gas refining, sales and distribution of a wide assortment of petroleum products, as well as the realization of projects in the fields of petrochemistry and energetics. NIS headquarters and main production facilities are located in the Republic of Serbia: oil and gas fields, the Pančevo Oil Refinery, warehouses, as well as a network of petrol stations.