# Inter RAO to invest RUB 45 billion in localization of GE gas turbines

Inter RAO will invest about RUB 45 billion in a joint venture with General Electric to localize gas turbine production in Russia, with a target of 90% localization by 2025. Inter RAO may buy out GE's stake in the venture after the project ends.

- Type: Investment
- Announced: 2020-09-30
- Where: Russia
- Value: $600.0M (45.0B RUB)
- Starts operating: 2025
- Status: announced
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Inter RAO](https://endata.com/companies/19600.md)
- [General Electric](https://endata.com/companies/1262.md) (partner)

## Sources

- [bigpowernews.ru](https://www.bigpowernews.ru/news/document94944.phtml), 2020-09-30: "«Интер РАО» инвестирует около 45 млрд рублей в проект повышения локализации газовых турбин на совместном предприятии (СП) с General Electric (GE)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.