Alstom signs strategic cooperation agreement with RusHydro JSC for the development of the Russian hydropower industry
Alstom signs strategic cooperation agreement with RusHydro JSC for the development of the Russian hydropower industry
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Alstom has signed a Strategic Cooperation Agreement with RusHydro JSC, Russias largest hydro power generation company, to cooperate in order to support the booming Russian hydropower industry.
One of the areas of cooperation is the localization of hydropower equipment manufacturing. The companies agreed about the creation of joint ventures for the construction of a hydropower equipment manufacturing facility. Ufa City in the Republic of Bashkortostan, Russia, is chosen as a potential site for the facility. It will provide investment and employment opportunities for the citizens of the Bashkortostan Republic, producing turbines, generators, auxiliary equipment, hardware and software for hydro power industry.
Companies continue their cooperation on the reconstruction and modernisation of the Kubanski cascade hydropower complex in southern Russia. The Kubanski cascade project involves the rehabilitation of electromechanical equipment as well as the installation of a new instrumentation & control system and site security systems. This follows an earlier MoU signed between the two parties in September 2010.
The agreement also concerns the decision by the two companies to collaborate on a case-by-case basis over the development of hydropower activities in the international market, as well as the decision to cooperate, again on a case-by-case basis, over R&D and innovation..
Although hydropower currently makes up only 5% of the countrys total electricity supply, Russias total installed capacity for hydropower amounts to 46 GW, the fifth largest in the world a figure forecast to increase by nearly 60% over the next decade. Russia has 102 hydro power plants, and one pump storage power plant, Zagorskaya. Russia has a total installed base of 600 power plants of varying fuel types representing an installed capacity of 220,000 MW, of which 20% hydro, 11% nuclear and 66% thermal.
- Russian energy market secured with strategic agreements
- Alstom signs several Memorandums of Understanding to further its presence in Russias nuclear and fossil energy market
- Alstom and INTER RAO UES sign Memorandum of Understanding to develop industrial products and services for Russias power market
- Hydro power
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