The Moscow-based joint venture will be 49% owned by Alstom and 51% owned by Atomenergomash, a subsidiary of Atomenergoprom, Russia’s state-owned company in charge of producing equipment for the region’s civil nuclear program.
The companies will work together to offer a complete package, including the nuclear reactor and the conventional islands of Russian nuclear power plants. The partnership will manufacture the entire conventional island, drawing on Alstom’s ‘Arabelle’ half-speed turbine technology, which has an output range of up to 1,750MW.
In a press release, Alstom commented that the joint venture company would focus on the nuclear power plant market in Russia, but would also be in a position to bid on power plant projects abroad using Russian nuclear technology.
Alstom, which has 175 islands either already in service or in the course of being built in 12 countries around the world, said that two partners will together invest E200 million in the joint venture. The companies aim to develop the joint venture into a long-term strategic and industrial partnership.
Commenting on the joint venture, Patrick Kron, Alstom’s chairman and CEO, said: It gives us privileged access to the burgeoning Russian market. This partnership will therefore strengthen our position as a technological leader in integrated conventional islands in what is a booming global nuclear energy market.
