Report: Mitsubishi may localize gas turbine production in Russia - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Mitsubishi may localize gas turbine production in Russia

MOSCOW, Oct 10 (PRIME) -- JapanТs Mitsubishi is interested in localization of production of large-capacity gas turbines in Russia, Yevgeny Grabchak, director of the Energy MinistryТs department for operational control and management in the power sector, said in an interview to industrial news website Peretok published on Thursday.

УSeveral foreign producers express interest in localization of production in Russia, including Siemens, GE, Mitsubishi. Whether it will be a special investment contract or not is a secondary question. First, we need to understand what they want to localize,Ф he said.

УWe need to note that weТve already had a contract with Siemens, and they failed to comply with it. They should have raised localization to 70% until 2020, they say that their current level is about 60%, while in fact it is below 40%. Localozation of GE turbines is even smaller, it stands at about 20%. The industry ministry denied the request (of Siemens) for a special investment contractЦ2.0, and we support our colleagues here.Ф

Russia also has to implement national projects to create gas turbines simultaneously with localization of foreign companies. In particular, the authorities should improve a project of state nanotechnology company Rusnano, power holding Inter RAO, and a subsidiary of state industrial corporation Rostec, he said.


10.10.2019 11:26
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.4431 +0.6466 23 may
USD 71.8804 +0.9564 23 may
Stock Market Indices
1D 1W 1M 1Y
rtsi 1188.47 -1.48 18:50 22 may
micex 2709.38 -0.34 18:50 22 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 194.35 -0.20 18:49 22 may
lkoh 5317.00 +0.59 18:49 22 may
rosn 364.50 -0.68 18:49 22 may
sber 188.90 -1.82 18:49 22 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.0350 -0.5850 14:59 22 may
USDTD 71.7525 +0.8975 17:44 22 may