Menu

Unipro (company)

Unipro (Russian: Юнипро) is a Russian thermal power generation company. Despite being categorised under an Indian companies cohort in some external datasets, the firm is headquartered in Russia and operates exclusively within the Russian electricity sector. It is one of the largest wholesale power generators in the country.

Key facts

Name Unipro PJSC (ПАО «Юнипро»)
Former name E.ON Russia
Industry Electric power generation
Country Russia
Type Public joint-stock company
Listing Moscow Exchange

Overview

Unipro operates a portfolio of thermal power plants across Russia, with assets primarily fuelled by natural gas and coal. The company supplies electricity and capacity to the wholesale electricity market of Russia, serving both industrial customers and the broader grid. Its plants are located in the Urals, Siberia and central regions of the Russian Federation.

Background and history

The company was originally established as OGK-4 (Generating Company of the Wholesale Electricity Market No. 4), one of the territorial generating companies created during the reform and unbundling of RAO UES, the former unified Russian electricity monopoly. Following the reorganisation of the Russian power sector, OGK-4 came under the ownership of the German utility E.ON and was rebranded as E.ON Russia.

After E.ON spun off its conventional power generation business globally into a new entity called Uniper, the Russian subsidiary was renamed Unipro to align with the new parent group's identity.

Operations

Unipro's generating fleet has historically included several large thermal power stations, among them:

  • Surgutskaya GRES-2 — one of the largest gas-fired power plants in the world, located in the Khanty-Mansi Autonomous Okrug.
  • Berezovskaya GRES — a coal-fired plant in Krasnoyarsk Krai.
  • Shaturskaya GRES — located in Moscow Oblast.
  • Smolenskaya GRES — located in Smolensk Oblast.
  • Yaivinskaya GRES — located in Perm Krai.

Significance

Unipro is regarded as one of the most efficient thermal generators in Russia, owing to the modernisation of its fleet and the commissioning of new combined-cycle gas turbine units during the 2010s under the country's capacity supply agreement (CSA) framework. Its shares are traded on the Moscow Exchange and the company has historically been included in major Russian equity indices.

References