Implemented projects

The world’s largest producer of heat and one of the largest producers of electric power in Russia. Installed power capacity of Mosenergo power stations exceeds 12’000 МW, installed heat capacity – 40’000 МW. Mosenergo had been part of Unified Energy Systems of Russia before being acquired by Gazprom in 2007.

After acquiring a blocking stake in Mosenergo during 2003-2004, Gazprombank took an active part in managing the company, with the Bank’s representatives serving on Mosenergo Board of Directors, Investment, Audit and Restructuring Committees.

Under the Bank’s supervision and advice, Mosenergo underwent a major restructuring in 2005, with its power generation, grid, distribution, supply and service units spun off into separate entities.

In 2007, Gazprombank arranged the acquisition of Mosenergo by Gazprom. During 2006-2008 the Bank successfully exited a number of investments acquired as a result of the Mosenergo restructuring and still owns minority stakes in MOESK and Mosenergosbyt, two entities spun off from Mosenergo and responsible for electric power distribution and sales in the Moscow metropolitan area. The Bank’s representatives still serve as board members of both companies supervising their management and providing advice on strategic matters.

SIBUR Group is Russia's leading petrochemicals company. We operate across the entire petrochemical process chain from gas processing to the production of monomers and plastics, methanol, mineral fertilizers, tyres and industrial rubber items, as well as the processing of plastics.

The holding company, OJSC SIBUR Holding, has 34 plants across Russia, which employs several tens of thousands of people. SIBUR is managed along product-division lines - Hydrocarbon Feedstock, Synthetic Rubbers, Plastics and Organic Synthesis Products, Mineral Fertilisers and Tyres.

Over recent years, the company has consistently delivered healthy financial and operational results. In 2008, SIBUR Group's plants produced 14,791 thousand tons of petrochemicals and 13,306 million cu m of dry stripped gas. Income during that year was 173.5 billion roubles, with a net profit of 16 billion roubles.

The bank’s objective being to maximize the value of the company with a view to exiting the investment in the medium to long run, Gazprombank direct investments team provides strategic support to SIBUR’s management in their efforts to take the company to a higher technological level and expand its business.

National Telecommunications is a leading Russian cable operator (4.4 million households) dominating two most important city markets - Moscow (2.8 million households) and Saint-Petersburg (1.2 million households) and providing analogue and digital TV, broadband internet, as well as traditional and IP-telephony services.

Gazprombank holds a minority stake in NTK and is actively participating in the development of the company’s strategy.

NetByNet is one of the largest and most profitable broadband operators in Moscow providing high-speed internet access, IPTV, traditional and IP-telephony services in the Moscow metropolitan area to more than 200’000 private and corporate customers.

Gazprombank actively supports the company in all major strategic initiatives aimed at continuous business expansion. Since the Bank’s investment in 2006, NBN’s subscriber base increased more than 10-fold ensuring the highest revenue and profit growth in the highly competitive Moscow broadband market.

A large regional oil and gas construction company based in Nadym, Western Siberia (main gas production region in the world). The company employs 1’000 people and 300 construction equipment units. Its key customers are Gazprom, NOVATEK and Stroytransgaz.

Gazprombank’s direct investments team has been working closely with NSGD management since the end of 2007, assisting the company in developing its long-term strategy and implementing the investment program aimed at modernization and expansion of production facilities. The Bank’s support to the company resulted in a record profit NSGD posted for 2008.

A leading Russian research and engineering center providing full-scale design and engineering survey services for oil & gas sector. InjGeo also has strong positions in industrial infrastructure and civil engineering. Among its key customers are Transheft, Gazprom, Rosneft, Zeromax, Olimpstroy. The company’s staff is over 1’300 employees, including 900 highly qualified engineers.

Under the supervision of Gazprombank, a number of initiatives have been taken to improve operating efficiency and optimize the corporate structure. In 2008, InjGeo’s project pipeline was expanded to include new strategic projects such as the Sakhalin-Khabarovsk-Vladivostok gas pipeline; Kozmino oil-loading terminal; Southern oil processing plant; International conference centre on Russky Island (for the APEC-2012 summit).

The largest Russian diversified construction company, with over 10 branches both in Russia and abroad (Algeria, India, Syria and Saudi Arabia), specializing in large-scale projects in oil & gas, power, and infrastructure construction. The company, together with subsidiary and affiliated companies, employs more than 18’000 people and over 4’200 units of construction equipment. STG’s largest customers are Transneft, Gazprom, Rosneft, Lukoil, TNK-BP, Gazprom Neft, Saudi Aramco, Shell, Sonatrach, Dolphin Energy, South West Heat Power Plant, Kalinin Nuclear Power Plant.

In the past two years, Gazprombank has been actively involved in a number of strategic initiatives undertaken by the company management, including the development of long-term strategy; optimization of organizational structure and improvement of corporate governance; implementation of measures to enhance liquidity and secure financial stability of the company; development of strategic relationships with key customers.