# Power Machines to invest 8.5 billion rubles in turbine production modernization in St. Petersburg

Power Machines will invest 8.5 billion rubles in modernizing turbine and large generator production in St. Petersburg from 2023 to 2025, creating at least 200 new jobs.

- Type: Investment
- Announced: 2023-06-15
- Where: St. Petersburg, Russia
- Value: $94.0M (8.50B RUB)
- Jobs: 200
- Status: announced
- Products: turbines, large generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Power Machines](https://endata.com/companies/15083.md)

## Sources

- [spbdnevnik.ru](https://spbdnevnik.ru/news/2023-06-15/silovye-mashiny-investiruyut-v-modernizatsiyu-proizvodstva-turbin-v-peterburge-85-milliarda-rubley), 2023-06-15: "«Силовые машины» вложит 8,5 миллиарда рублей в модернизацию производства турбин в Петербурге, генераторов большой мощности и комплекса испытаний крупных электрических машин"

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