That is correct. But there is also an (inofficial) patch available.
Thank you Vouk!
It works very well!
The rendering time of the test video went to 1:10 from 3:13 
Posts by Dobfek
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Unfortunately you are probably right. I opened up the Premiere Pro, and tried to use ffmpeg NVENC.
This is the error message I had:
"[h264_nvenc @ 0000000002dc0980] OpenEncodeSessionEx failed: out of memory (10)
[h264_nvenc @ 0000000002dc0980] No NVENC capable devices found
Error initializing output stream 0:0 -- Error while opening encoder for output stream #0:0 - maybe incorrect parameters
e, rate, width or height
Conversion failed!"
When Premiere Pro is not running, ffmpeg NVENC works completely fine. It looks like Premiere Pro 2017 is unsupported
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Unfortunately NVENC option does not show up in Voukoder 2.2, Premiere Pro 2017.1.2 v11.0, Oasis.
Nvidia driver version: 430.64
Windows 7, build: 7601, SP1
Thank you!