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Siemens may sell stake in gas turbine JV to Gazprom Energoholding · Endata

◂ Announcements

Mar 11, 2019PARTNERSHIPSaint Petersburg, Russia

Siemens may sell stake in gas turbine JV to Gazprom Energoholding

Siemens is considering buying out Power Machines' stake in their joint venture Siemens Gas Turbine Technologies (STGT) and then selling 50% to Gazprom Energoholding (GEH). The deal would aim to achieve full localization of gas turbine production for thermal power plant modernization, with GEH as anchor customer.

Status

Rumored

Productsgas turbines

CompaniesSiemens Power Machines target Siemens Gas Turbine Technologies partner Gazprom Energoholding investor

Sectors#Power Generation Equipment

“ГЭХ в рамках СП намерен стать якорным заказчиком этого оборудования.”interfax.ru

1 source
interfax.ru"Ъ" узнал о возможности "Газпром энергохолдинга" войти в турбинное СП с SiemensMar 11, 2019

Summarized from public sources; check the original articles before acting on it.

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