Alstom and INTER RAO UES sign Memorandum of Understanding to develop industrial products and services for Russias power market
Alstom and INTER RAO UES sign Memorandum of Understanding to develop industrial products and services for Russias power market
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Alstom and INTER RAO UES signed a Memorandum of Understanding (MoU) to develop cooperation in order to jointly provide industrial products and services for Russias power industry, including the installation of new instrumentation and control systems as well as site security systems in projects.
The joint venture will produce small steam turbine packages for power applications as well as combined heat and power applications for district steam heating. The partners will also jointly consider cooperation in the field of integrated services for thermal power plants for INTER RAO UES installed power generation base. A further agreement will consider INTER RAO UES entry into the Alstom-Atomenergomash (AAEM)* joint ventures capital.
Cooperation between Alstom and INTER RAO UES will be extended to include new installations for new and repowered steam plants, combined cycle applications and their respective equipments (boilers, turbines, environmental protection systems, and power automation and controls), operating at supercritical and above steam conditions.
The agreement was signed in Moscow, in the presence of Boris Y. Kovalchuk, Chairman of the Management Board of INTER RAO UES and Patrick Kron, Chairman and CEO of Alstom.
Patrick Kron, Chairman and CEO of Alstom, said: This agreement with INTER RAO UES demonstrates Alstoms firm commitment to support Russia in securing its energy future through a joint venture to develop locally manufactured, world-class power equipment and offer integrated power service solutions.
Boris Y. Kovalchuk, Chairman of the Management Board of INTER RAO UES, commented: Alstoms power generation technology and service expertise coupled with INTER RAOs manufacturing capabilities and extensive installed fleet will bring efficient, reliable and available power for customers in Russia and abroad.
Russia and the CIS countries had a combined installed capacity of 352 GW at the end of 2008. 187 GW is more than 30 years old, 73% of which is coal-fired mostly built between 1960 and 1980. The regions power generation capacity is overwhelmingly dominated by steam (66%) followed by hydro (20%), nuclear (11%) and gas (3%).
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