RusHydro and Alstom signed two agreements extending their cooperation within the AlstomRusHydroEnergy LLC joint venture 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 CEO 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 hydropower, 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 JV’s plant located at Oufa. As part of its global modernization program, 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 modernization 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.