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TNK-BP to Serve Inter RAO

TNK-BP agreed Thursday to deliver gas to the Nizhnevartovsk power plant, controlled by electricity generator Inter RAO, which seeks to diversify suppliers, the companies said.

The companies did not disclose financial terms, though Mikhail Slobodin, who oversees gas business at TNK-BP, said the company will supply the plant with up to 3.5 billion cubic meters of gas a year for the next 18 years.

TNK-BP owns 25 percent plus one share in the Nizhnevartovsk plant, which has a capacity of 1.6 gigawatts.

(Reuters)


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