Russia, France to register JV to produce NPP equipment
Russia's Atomenergomash and France's Alstom are expected to sign Friday constitutive documents establishing a joint venture to manufacture half-speed turbines for nuclear power plants, the French company's press secretary said.
In April, the companies reached a deal on the €300 million ($403.6 million) joint venture, designed to meet growing demand in the nuclear power plant market for power generation, both in Russia and abroad. “A document officially registering the Alstom-Atomenergomash joint venture in Russia will be signed in Paris,” Mariya Korobova said.
Russia's state controlled nuclear power corporation will have a 51%-share in the JV, which will operate on the platform of the machine-building firm ZIO Podolsk in the Moscow Region. The JV ZIO Podolsk is the main supplier of equipment to the Bushehr nuclear power plant under construction in Iran. The future joint venture will manufacture the entire conventional array of equipment used in nuclear power plants, drawing on Alstom's 'Arabelle' half-speed turbine technology. Alstom will transfer technology to the joint-venture company, namely for the manufacture of its 'Arabelle' steam turbine and generator. The joint venture, expected to reach full capacity in three years, will benefit from the best available technology for conventional equipment for its nuclear power plants, and will have exclusive access to the fast-growing Russian nuclear power plant market.
Alstom is the world leader in conventional nuclear facilities, with 175 either already in service or in the course of being built in twelve countries around the world, including France, South Africa, China, South Korea and Sweden. Alstom technology is present in more than a quarter of conventional nuclear facilities around the globe. (rian.ru)
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