Paris, June 21, 2011 — In the context of the visit in France of Vladimir Putin, Prime Minister of the Russian Federation, Alstom signed a series of agreements in the Russian power generation sector.
The first agreement, signed with RusHydro, Russia’s largest hydropower generation company, is for the creation of a joint hydropower manufacturing facility in Ufa City in the Republic of Bashkortostan, Russia, in which Alstom will hold 50 percent (minus one share). The agreement sets out fundamental principles and mutual obligations for both companies and represents a major step towards the creation of the JV company. “¨”¨
The plant will manufacture hydropower equipment for small hydraulic power plants with capacities of up to 25 MW, medium-sized hydro power plants with capacities of up to 100 MW and pumped storage plants with capacities of up to 150 MW, as well as auxiliary equipment.
Notably, the plant will provide equipment for the integrated modernization of the Kubansky Cascade hydropower plant, for which Alstom, the Russian United Energy-Construction Corp. and RusHydro signed an agreement in May 2011.
Alstom will carry out the rehabilitation of equipment and install a new instrumentation and control system. Its partner OEK will be responsible for all civil works. “¨”¨The protocol for the establishment of the facility was signed in February 2011 in Ufa, in the presence of the president of the Russian Federation Dmitry Medvedev.
Although hydropower currently makes up only 20 percent of the country’s total electricity supply, Russia has more than one hundred hydro power plants with the total installed capacity of 45 GW, the fifth largest in the world.
“¨”¨Alstom also signed a framework agreement with the Renova Group, a Russian private business corporation. This agreement aims to create and localize power generation equipment for applications in thermal power plants.
Alstom and Renova will assess available capabilities and technologies of both companies and set up broad areas of cooperation. In addition, Alstom signed three agreements with TGKs, operated by IES Holding (the power generation arm of the Renova Group) to deliver, between 2012 and 2013, five GT13 gas turbines to the three power stations Akademicheskaya (1 engine), Nizhneturinskaya (2 engines) and Novogorkovskaya (2 engines).