St. Petersburg June 19. INTERFAX Renova Group's ROTEC and General Electric (GE), USA signed an agreement of intent at St. Petersburg International Economic Forum.
The two companies are looking to collaborate in engineering, manufacture and delivery of low-power steam turbines, says ROTEC's press release.
Specifically, within the framework of joint plans, ROTEC considers the possibility of organizing the production of low-power steam turbines – up to 30 MW – at Ural Turbine Works. This will complement the range of UTW's products which now includes turbine units from 30 to 330 MW and heating equipment.
GE together with Inter RAO (MOEX: IRAO) and Rostec State Corporation have already built a gas turbine assembly factory Russian Gas Turbines in Rybinsk, Russia. The factory's annual output is 14 gas turbine units with the release of the first localized turbine scheduled for the end of 2015.
According to GE Press Service in Russia, the US company also agreed with NPO ELSIB (MOEX: ELIB) at the forum to qualify and organize deliveries of 90 MW generators to be used in the GE 6FA gas turbine unit which is assembled at the joint venture in Russia.
At the same forum GE signed an agreement with Rosseti (Russian Grids) (MOEX: RSTI). The parties agreed to look into potential partnership in joint projects with the use of GE high-tech electrical equipment to modernize Russia's power grid facilities.