Power Machines and TOSHIBA will establish a joint venture in Russia

 

"Power Machines", TOSHIBA and signed documents on the establishment of a Russian joint venture (JV) for the production and supply of power transformers — LLC "Izhorskie transformers." The share of OJSC "Power Machines" in the joint venture is a 50.01% share of the corporation TOSHIBA — 49,99%. 

Documents were signed by Takeshi Yokota, corporate vice president of the division of power transmission and distribution corporation TOSHIBA, and Igor Kostin, General Director of OJSC "Power Machines". The total investment in the plant of high voltage equipment will be more than 5 billion rubles.

Agreement on the establishment of the joint venture and the construction of the plant on the territory of Russia to manufacture and supply of power transformers was signed between OJSC "Power Machines" and TOSHIBA Corporation in September 2011. According to the agreements of the Russian-Japanese joint venture will meet the challenges of the comprehensive modernization of the main electric grid based on the most advanced and innovative technologies. The project has already received the approval of all necessary antitrust authorities, including the Federal Antimonopoly Service of the Russian Federation and the European Commission.

 The main buyer of the equipment will be of "Federal Grid Company of Unified Energy System". Potential consumers and businesses are generating facilities of "IDGC Holding", JSC "RusHydro" CC "Rosatom", the generating companies, as well as operators of energy facilities CIS and Baltic countries.

Currently, results of the tender selected general designer of the new plant — Company "Advance" and general contractor — JSC "SU-326", also identified the main suppliers of technological equipment (including crane and vacuum, cutting lines and tables assembly of magnetic systems ). They have become the leading European manufacturers of machine tools and manufacturing equipment. The new facility will be located in the industrial zone "Metallostroy" (Kolpinsky district of St. Petersburg).

As part of the plant "Izhorskie Transformers" total area of 22,000 square meters. m provided

-Welding

-of winding insulation

-assembly production 

-test center

The plant is scheduled to end in 2013, is expected to begin mass production in 2014. In the nomenclature line "Izhorskie Transformers" will include power transformers with voltage class of 110 to 750 kV power from 25 to 630 MVA, including three-phase and single items weighing up to 400 tons inclusive.

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