Alstom Grid and Holding "Union" have signed an agreement to establish a joint venture. The joint venture will specialize in the production of high-voltage switchgear. As reported in the press service of the Russian company's share in the joint venture are as follows: 51% for Alstom Grid, and 49% — Holding "Union."
In the estimates of partners, the Russian market for electricity is 1.5 billion dollars. United States, the average annual increase is equal to 10% of the country due to the growing demand for electricity production and the need to upgrade equipment. Russia is one of the largest producers and consumers of electricity in the world. In 2012 the total volume of electricity transmitted through the network of the Russian Federation length of more than 2.1 million km, including a line from 0,4 kV to 750 kV, has exceeded 1 trillion kWh Vice President Alstom Grid in the region of Central and Eastern Europe Gerhard Seyrling (Gerhard Seyrling) hopes that the creation of the joint venture strengthens the company's cooperation with the FGC. Holding "Union", and invited the joint venture Alstom Grid expects to localize production in Russia the whole range of switching equipment for electrical networks 110 — 500 kV. At present JSC "Plant of high voltage equipment" Union "has already started production of circuit breakers 110 kV and 220 kV under license Alstom, which quantitatively increased. In 2013, the product range will replenish breakers up to 500 kV, the full range of circuit breakers and switchgear.