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REP Holding and Ansaldo Energia signed an agreement to create a joint venture in Russia for the production, modernization, and repair of large industrial gas and steam turbines, with localization at REP Holding's facilities in St. Petersburg. The JV will have exclusive rights to Ansaldo Energia's technologies in Russia and CIS.
“The joint venture will be able to offer customers products that fully comply with the latest requirements of the Russian Government regarding localization of equipment for the electric power industry.”newgaztech.ru
Summarized from public sources; check the original articles before acting on it.