Paris, June 20, 2011 — Alstom signed two agreements to produce and engineer equipment for high-voltage electricity transmission.
Alstom Grid and Soyuz Holding S.A. signed a memorandum of understanding in the presence of Federal Grid Co., who welcomes the notifying advancement of joint venture negotiations to begin local manufacture and commercialization of Alstom Grid high voltage switchgear products by the end of this year.
The MOU builds on an agreement signed between Alstom Grid and FSK in October 2010, which established the framework for an ongoing industrial and technology collaboration, specifically, to implement smart grid technologies in the modernization of the Russian electrical grid. Manufacturing for the new joint venture is set to take place in the existing high voltage switchgear facilities of Soyuz in Mozhaisk.
Alstom Grid has joined forces with KER Ltd. to study the creation of a joint venture for engineering and project execution in the high voltage direct current sector. The objective of the joint venture is the localization of expertise in Russia, as well as the realization of a direct current Engineering Centre in Saint Petersburg by the end of 2011.
This new joint venture would enable locally based interests to play a role in the supply and development of HVDC projects such as Vyborg – LAES, linking Russia to Finland.
Alstom Grid has been supplying electrical equipment and engineered projects in Russia for over 50 years, and already has manufacturing, engineering and service activities in Krasnoyarsk, Yekaterinburg and Moscow.