Kozhukhovo Power Plant

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In 2005, a joint venture between Turkish Zorlu Enerji (51%) and U.S. Invar International, Inc (49%) won a tender to build one of the first private power plants near Moscow. The Moscow Government held closed bidding for the leasing of construction sites for four heat and power plants in new districts of the capital – Kozhukhovo, Severny, Molzhaninovka, Tereshkovo for a period of 49 years. Zorlu Enerji and Invar International through their joint venture, ICFS International, won rights to build two gas turbine power stations in Tereshkovo and Kozhukhovo. ICFS International would build and operate the Kozhukhovo power plant that would supply electricity and heat to residents of Kozhukhovo district. The design capacity of the power plant would be 340MW and the project would cost US$500 million. The power station would run on natural gas. The construction of the plant began in 2007. The Moscow Government was to buy all energy generated by the new plant at rates established by the Moscow Committee on Energy Tariffs. Therefore, consumer will be paying for privately generated electricity and heat at the established tariff. According to the Moscow government, it had to lease district power plants to private investors, because MOSENERGO, the local power company, could not cope with the annual 3-4% rise in energy consumption in Moscow, while limited capacities of power grids make it impossible to transport electricity from other regions.