GE, Russian firm to build cogeneration power plants in Russia

The Russian Direct Investment Fund (RDIF) and GE (NYSE: GE) will sign a Memorandum of Understanding on June 21 to create a joint venture that will build mini power plants for manufacturing companies in Russia.

The project will focus on the development of cogeneration systems that can generate up to 25 MW of electricity. The systems are independent from the federal power grid and directly supply energy without the need of transmission lines.

Read more cogeneration/CHP news

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