RusHydro and Alstom extend their cooperation as part of a joint venture for hydroelectric equipment manufacture
RusHydro and Alstom extend their cooperation as part of a joint venture for hydroelectric equipment manufacture
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During the Petersburg International Economic Forum, RusHydro and Alstom signed two agreements extending their cooperation within the AlstomRusHydroEnergy LLC[1] joint venture (JV) for the reconstruction and upgrading of the Cascade Kubansky hydro power plants in south Russia.
Signed by the Chairman of the Board for RusHydro, Evgeniy Dod, as well as the Chairman and Chief Executive Officer of the Alstom Group, Patrick Kron, the first agreement covers the strategic development of AlstomRusHydroEnergy LLC. With the aim of strengthening the cooperation of the two companies in the field of hydro power, the agreement extends the scope of the joint venture to services including the inspection of power plants, supply of spare parts and components, retooling and the repair and upgrade of equipment. Both parties also intend to extend their cooperation to include innovation and R&D activities.
Both partners are also willing to collaborate in order to secure contracts for the JVs plant located at Oufa. As part of its global modernisation programme, RusHydro will entrust the manufacture of equipment for its power plants to AlstomRusHydroEnergy LLC. Alstom intends to integrate AlstomRusHydroEnergy into its worldwide production system.
The second agreement details the key principles and timelines of the contract signed in 2011 for the reconstruction and upgrade of the Cascade Kubansky hydro power plants. The project is for the modernisation of eight hydropower plants and the pumped storage plant. Alstom will manufacture and deliver the equipment as well as supervising the installation, tests and commissioning of the power plants, using its advanced technical know-how and state-of-the-art technologies, particularly for the automation of the Nevinnomyssk control centre.
This agreement outlines the implementation of the project, specifies timelines and the obligations of each party and identifies the area of participation of the contractor, ESKO EES JSC. ESKO EES JSC is an integrated engineering company which provides a comprehensive range of consulting and engineering services in the construction and modernisation of power plants, including turnkey solutions.
[1] AlstomRusHydroEnergy LLC : joint venture of RusHydro and Alstom set up in 2011. Participatory interests are distributed as follows: 50% plus 1 share are owned by RusHydro, 50% minus 1 share by Alstom. The joint venture will manufacture equipment for power plants with a capacity of up to 25 mW, for medium-capacity HPPs (up to 100 mW), hydroelectric pumped storage power plants with a capacity of up to 150 mW as well as APCS and auxiliary equipment.
About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,000 people in around 100 countries. It had sales of over 20 billion and booked close to 24 billion in orders in 2012/13
About RusHydro:
RusHydro Group is one of Russias largest power groups that pools more than 70 renewable power facilities in the Russian Federation and abroad. Installed capacity of the power plants forming a part of RusHydro amounts to 36.5 GW, including capacities of RAO Energy System of East JSC and Russias newest and most advanced hydropower plant Boguchanskaya HPP. RusHydro is a leader in renewable-based power production; it develops generation based on the energy of water flows, tides, wind and geothermal energy.
Contacts presse
Virginie Hourdin / Isabelle Tourancheau - Tel +33 1 41 49 21 36 / 39 95
virginie.hourdin-bremond@chq.alstom.com ; isabelle.tourancheau@chq.alstom.com
Linda Huguet Tel. + 33 1 57 06 10 42
linda.huguet@transport.alstom.com
Relations investisseurs
Delphine Brault - Tel +33 1 41 49 26 42