GE, Inter RAO and United Engine Corporation joint venture Russian Gas Turbines LLC opens gas turbine manufacturing facility in Rybinsk, Russia

The first two turbines will be assembled as early as in 2015

MOSCOW, 29-10-2014 — /EuropaWire/ — Russian Gas Turbines LLC, a joint venture of GE (NYSE: GE), Inter RAO and  United Engine Corporation (UEC, a Rostec subsidiary), opened a manufacturing facility in Rybinsk, a city in the Yaroslavl Region, to produce, sell and service 6FA-type (6F.03) gas turbines. The first two turbines intended for subsidiaries of Russian oil major Rosneft will be assembled as early as in 2015. The new plant has an annual capacity of up to 20 gas turbines a year, which should satisfy the demand for high-efficiency generators for combined heat and power generators.

Manufacturing 6FA turbines in Russia is a unique example of cooperation in the area of advanced electrical and power engineering technology. The 6FA turbine is a high-tech product with a combined-cycle efficiency greater than 55%. The 6FA turbine offers the benefits of high reliability, compact size, the capability to run on different types of fuel and operate in extreme climates, which makes 6FA suitable for wide use for power generation, area heat supply, and industrial cogeneration.

GE has a 50% equity stake in the Russian Gas Turbines project, while Inter RAO UES and the UEC each hold 25%. The joint venture partners have invested RUB 5 billion in building, equipping and developing the new production facility.

Ron Pollett, President and CEO of GE in Russia and CIS has emphasized: “GE has been working in Russia for nearly 100 years. We are proud to mark the new stage of our successful long-term partnership with Russia by opening a gas turbine manufacturing facility in Rybinsk. Production launch at the new plant is in line with our strategy to expand our presence in the Russian market and will be a real contribution to upgrading the country’s electric utilities sector. The new plant will also meet the growing demand for innovative equipment for electric utilities, as well as creating jobs and bolstering the prestige of the Russian engineering profession.”

Boris Kovalchuk, CEO of Inter RAO UES, said: “We are starting to manufacture new electric utilities equipment which has a tremendous potential for becoming highly-sought after in the process of upgrading and developing Russian power generation plants. It is especially important that the manufacture of 6FA turbines relies to a great extent on localized advanced power engineering technologies. This way, our Russian Gas Turbines LLC joint venture will help to improve Russia’s energy security.”

Dmitry Shugaev, Deputy CEO of Rostec Corporation, said: “UEC’s primary role in the project was to ensure localization of key component production for the 6FA gas turbine at Rostec manufacturing subsidiaries. A Working Group on localization comprising GE and UEC experts has been established and is working actively, and we are certain that our joint efforts will bring a great tangible result, and Russian components will meet the requirements and quality standards.”

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GE, Inter RAO and United Engine Corporation joint venture Russian Gas Turbines LLC opens gas turbine manufacturing facility in Rybinsk, Russia

GE, Inter RAO and United Engine Corporation joint venture Russian Gas Turbines LLC opens gas turbine manufacturing facility in Rybinsk, Russia

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