The Russian Direct Investment Fund (RDIF) and General Electric (GE) will sign a memorandum of understanding to create a joint venture for the construction of mini power plants for manufacturing companies across Russia.
The joint project will focus on the production of low power cogeneration systems (up to 25 MW) to meet growing demand for energy from infrastructure projects in the Russian regions.
These systems are independent from the federal power grid and serve customers' needs by directly supplying energy without the need to construct transmission lines, reducing the risk of power cuts.
Growing demand for individual electric power generation systems in Russia has been driven by growth of the industrial sector. With rising energy prices, increasing energy consumption and tougher environmental requirements for industrial facilities, combined heat and electric power systems have taken on a greater role.