Russian gas turbines
Russia
Central Federal District of the Russian Federation
Rybinsk
st. Sysoevskaya, 28 (Eastern Industrial Zone Kopaevo)
Owners
2019: Inter RAO buys back 25% in the company
In April 2019, Inter RAO announced that it had bought a 25% stake in Russian Gas Turbines from the United Engine Corporation (part of Rostec). The transaction amount amounted to approximately $250 million. The company now owns 50% in a joint venture with General Electric.
It was reported that the deal will allow Inter RAO to almost single-handedly master a gigantic 1.4 trillion rubles on the Program for the Modernization of Thermal Power Plants in Russia.
Shortly before that, the former curator of the program through the Ministry of Energy, Alexei Teksler, was appointed governor to Chelyabinsk.
The new curator, brother of Vladimir Putin's close friend Mikhail Manevich, Yuri, consistently defended the interests of Inter RAO in the supervisory board of the non-profit partnership Innovation in the Electric Power Industry (advisory body on the State Program). He also headed the working group on small power for many years under the Council for the Coordination of the Development of the Fuel and Energy Complex under the plenipotentiary in the Northwestern Federal District. The curator of this area at this time is Igor Sechin, Secretary of the State Commission for the Fuel and Energy Complex.
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