InterRAO and GE plan $580M gas turbine JV in Russia

Russian energy holding InterRAO plans to invest US$580 million in a gas turbine joint venture with GE. InterRAO will hold a 51% stake. The JV aims to manufacture gas turbines with 79-87 MW and 181-210 MW capacity by 2025-2026, with at least 90% local content.

“The investment in the joint venture will pave the way for launching production lines in the country.”powerprogress.com

• 1 source
• powerprogress.comRussian Firm, GE In JV To Build Gas Turbines: Report - Power ProgressJack BurkeOct 1, 2020

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