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Russia looks to GE for energy efficiency
February 11, 2014, 5:10 pm

General Electric CEO Jeffrey Immelt told Medvedev on Tuesday that this summer the company plans to start production of gas turbines at its new plant in Rybinsk, in the Volga region [AP]

General Electric CEO Jeffrey Immelt told Medvedev on Tuesday that this summer the company plans to start production of gas turbines at its new plant in Rybinsk, in the Volga region [AP]

As Russia seeks to meet future power demand, the government said on Tuesday it would look into “prospects of cooperation” with US conglomerate General Electric.

Russian Prime Minister Dmitry Medvedev said Tuesday that collaboration with the Fairfield, Connecticut-based company GE could help Russia improve energy efficiency, which he says is quite low.

General Electric CEO Jeffrey Immelt told Medvedev on Tuesday that this summer the company plans to start production of gas turbines at its new plant in Rybinsk, in the Volga region.

“The prospects of cooperation [with General Electric] appear to be good, especially taking into account that the issue of the Russian economy’s energy efficiency is of crucial importance to us. Unfortunately, it is currently below the desired level,” Medvedev told Immelt.

In 2011, Russian power company Inter RAO, General Electric and state corporation Rostec have established a joint venture to manufacture, sell and service highly efficient gas turbines. For these purposes, the construction of a new plant in Rybinsk began in 2012.

GE, the maker of jet engines, locomotives and wind turbines, announced in March last year that it will develop projects on the Sakhalin island off Russia’s east coast with local power companies using GE equipment.

 

Source: Agencies

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