Alstom signs agreements with RusHydro, other Russian energy companies

Alstom announced it has signed strategic agreements with major Russian energy companies to jointly provide power generation products and services for Russia's power industry in the fields of hydropower generation, thermal power generation, nuclear power generation and electricity transmission.

The agreements were signed in the presence of Vladimir Putin, Russian prime minister, Francois Fillon, French prime minister, Sergei Shmatko, Russian energy minister, Patrick Kron, chairman and CEO of Alstom, and Philippe Joubert, president of Alstom Power.

Kron said: "Russia is playing an increasingly important role in the global economy and is looking to modernize and increase its power generation capacity to meet its growing demand for power. Alstom's technology and service expertise, when combined with local partners' manufacturing and service capabilities, offers an ideal solution for securing this energy future. Russia has become over the last few years a strategic market for Alstom, both in the field of rail infrastructure and of power generation and electicity transmission."

In the field of hydropower generation, Alstom Power has signed a strategic cooperation agreement with RusHydro JSC, Russia's biggest hydropower generation company, to jointly exploit opportunities in the booming Russian hydropower industry. The agreement covers four key directions of cooperation: Reconstruction and modernization of the Kubanski cascade hydropower complex in Southern Russia; cooperation for the development of hydropower activities; cooperation in areas of R&D and investment; and local manufacturing of hydropower equipment in the Republic of Bashkortostan, Russia.

The Kubanski cascade project will include the installation of a new instrumentation and control system as well as a site security system, following an earlier memorandum of understanding signed between the two parties in September 2010.

In other news, RusHydro Group announced it has consolidated approximately 25 percent of shares of JSC Krasnoyarsk HPP. The 6,000-MW Krasnoyarsk HPP is the second-largest hydro project in Russia, behind only the Sayano-Shushenskaya hydroelectric project.

For more hydropower news and information, click here

To access this Article, go to: