GE (NYSE: GE) Power Generation Services has been awarded a 16-year contract by Russian energy company OJSC for the new Kasanskaya CHP-2 gas-fired power plant in Kazan, Russia` Tatarstan region. GE has been selected for the market to ensure the long-term availability of the plant`s gas turbines, supplied by GE, which will help the new facility meet the high energy needs of the industrial zone. Kazan CHP-2 has a total installed capacity of 410 MW. The plant has a 220 MW gas turbine block with two GE 6FA gas turbines, two KTZ steam turbine generators and two Alliance heat recovery steam generators. Since OJSC has limited experience in the maintenance of GE gas turbines, the facility turned to GE for maintenance. GE operates a local service centre that employs more than 100 people in Kaluga and an engineering center that employs more than 40 people in Moscow. “We rewarded GE with CSA for leaving the technology and proven results in gas turbine services to ensure that our cogeneration plant in Kazan operates with the utmost reliability,” said Galiullin Radik Zavitovich, Director of Kazan CHP-2. “We assume that the GE team`s performance will help us extend the turbine lifecycle, improve performance and ensure the operating status of cogeneration.” To achieve OJSC`s objectives, GE has updated its 6FA gas turbines with advanced control software from OpFlex, including Transient Stability (ETS) and Cold Day Performance solutions, to further improve the reliability of gas turbines. The ETS offers a robust combustion capacity in the face of the stability of the network frequency and the lastin.
Cold Day Performance allows gas turbines to operate at cold temperatures with higher loads. OJSC expects a 1.6% increase in power during the colder season. GE had previously been commissioned to deliver the two 6FA gas turbines to IED Holding Company, the engineering firm that developed the Kazan KWK-2 station for OJSC. GE has an installed base of 28 heavy gas turbines in Russia. Derivatives trading carries high risks. A derivative contract is an agreement to buy or sell a certain number of shares of a stock, a loan, an index or other asset at any given time. The amount paid in advance is a fraction of the value of the base asset. In the meantime, the value of the contract varies with the price of the underlying.
A credit support appendix (CSA) is a document that sets out the conditions for the parties to make guarantees available in derivatives transactions. It is one of four parts of a standard contract or master`s contract developed by the International Association of Swaps and Desivatives (ISDA). Image caption The Russian energy company OJSC “Generating Company” has awarded Power Generation Services a 16-year contract (CSA) for the new Kazanskaya-KoWK-2 gas plant in Kazan, in the Russian region of Tatarstan. GE received CSA to ensure the long-term availability of the facility`s gas turbines supplied by GE to meet the region`s high energy needs. Companies that used GE MYA and long-term service contracts achieved significant performance and operational excellence results, including an availability advantage of up to 0.74% and a reliability advantage of up to 0.38%. This corresponds to an additional asset availability of 2.5 days. A long-term power plant service contract, such as a contract service agreement (CSA) or a multi-year maintenance program (MMP), gives you better access to the technologies that keep your gas facility relevant in the future. As the world`s largest supplier of gas turbine technology with the world`s largest installed base, we are ready to help you meet the challenges of tomorrow today. Machine maintenance and maintenance services for planned and unscheduled operations throughout the entire lifecycle of the facility Access to 10,000 U.S. experts who provide scheduled and unplanned operations and maintenance services with g-turbine parts