Ansaldo Energia joint venture to produce and service gas and steam turbines in Russia

During the St. Petersburg International Economic Forum Joint Stock Company “REP Holding” and Italian company Ansaldo Energia S.p.A. signed an agreement on the establishment of a Joint Venture (JV) to produce, modernize, repair and provide a full-cycle service offering for high-power industrial gas and steam turbines in Russia. The product range offered by the JV will include three Ansaldo Energia gas turbine models in the power range from 70 to 340 MW, full-featured for power generation applications, as well as two models of the steam turbines in the power range from 40 to 350 MW. The JV will be registered in St. Petersburg, localization of production is planned on the production facilities of JSC "REP Holding”.

Ansaldo Energia will transfer to the JV exclusive rights to use its technology to manufacture, sell and service gas turbines and steam turbines not only in Russia, but also in CIS and other countries agreed by the parties.

Technology to be transferred includes a comprehensive set of technical documentation on gas and steam turbines and the relative control systems, enabling the JV not only to manufacture and modernize this equipment, but also to provide service and repair activities for the owners of foreign industrial turbines in the target markets.

The agreement provides for the maximum possible localization of production and service facilities in Russia including creation of JV’s own chain of qualified local suppliers of components and materials.

“Particular attention is going to be paid to the localization of production and repair services for the “hot” part of gas turbines, which involves most sophisticated technology. Therefore, the product range offered by the Joint Venture will comply with the latest requirements of the Government of the Russian Federation on the localization of power generating equipment. The Joint Venture will provide to its clients full lifecycle solutions based on localized service and repair”, said the President of JSC "REP Holding” Tagir Nigmatulin.