RusHydro and France’s Alstom have signed a deal to build a 500 million euro (US$677 million) hydro turbine plant in the republic of Bashkortostan.
The two companies will finalize the joint venture before the end of February, the Moscow Times reported. The construction will be started in May, while the plant’s launch is scheduled for 2013, reports indicate.
Under the first stage, a plant to produce small hydro turbines up to 25 MW will be launched. At the second stage, the companies plan to start the production of turbines with a capacity of up to 60 MW. The production of automatic process control systems will be launched by late 2011.
In future, the plant will also produce equipment for medium-scale hydro plants of up to 100 MW and pumped-storage units of up to 150 MW, wire services reported.
In other news, Alstom has signed a contract worth approximately EUR500 million (US682.3 million) with Norte Energia of Brazil to provide power equipment for the Belo Monte hydropower project.
The hydro project (around 11,200 MW) will be built on the Xingu River in the state of Para.
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