# 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.

- Type: Partnership
- Announced: 2020-10-01
- Where: Russia
- Value: $580.0M
- Status: announced
- Capacity: 79-87 MW and 181-210 MW
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GE](https://endata.com/companies/1022.md) (partner)
- [InterRAO](https://endata.com/companies/50267.md) (partner)

## Sources

- [powerprogress.com](https://www.powerprogress.com/news/russian-firm-ge-in-jv-to-build-gas-turbines-report/7012125.article), 2020-10-01: "The investment in the joint venture will pave the way for launching production lines in the country."

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