GE opens Russian energy technology complex

Moscow, November 8, 2010 – GE celebrated the grand opening of its Energy Technology Center in Russia, located 180 kilometers outside of Moscow in the Kaluga Region.

The new technology center will manufacture and service advanced power generation equipment throughout the region, helping customers keep their power plants running more reliably and efficiently.

A report by the World Bank Group estimated that realizing its full energy efficiency potential could save Russia up to $80 billion annually.

The creation of the Kaluga Energy Technology Center supports GE‘s strategy to tailor many of GE Energy’s products and services for the local market while growing the business’ base of highly skilled engineers in the country. These activities were designed to align with Russia’s technological and energy modernization goals.

The grand opening was attended by John Krenicki, GE vice chairman and president and CEO of GE Energy; Anatoly Dmitrievich Artamonov, governor of the Kaluga Region; and other key representatives from the Russian government and the U.S. Embassy.

Through the new center, GE will further expand its footprint in Russia and provide opportunities for local employment and training in high-tech engineering jobs. By the end of 2010 GE Energy plans to have about 300 employees in Russia – with plans for expansion.

The Kaluga Technology Center follows the dedication last week of GE Energy’s Oil & Gas Technology Center in Boufarik, Algeria.

GE signed the agreement to construct the technology center in March 2009 with the government of the Kaluga region, the Kaluga Region Development Corp. and the administration of Kaluga City.

The finished facility has opened just 20 months later. Supporting the concepts of energy efficiency and environmental responsibility, the Energy Technology Center features fresh-filtered air systems, heat-reflecting windows and water-saving technologies.

The Energy Technology Center will offer innovative products and services that are tailored to meet the specific needs of customers in the region. Initially, the new center will offer services for GE power generation equipment that is installed in Russia and the CIS.

In later phases, the facility will add manufacturing capabilities, to support GE’s growing presence in the Russian energy sector. The site has room for significant expansion and may include other GE business units in the future.

The Kaluga facility is one of twelve GE Energy technology centers located around the globe. GE has been active in Russia since the 1920s and today offers a full range of products and services for the country’s energy sector, from oil and gas exploration and production through power generation.

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