September 16, 2011 in the presence of Russian Prime Minister Vladimir Putin at the X International Investment Forum "Sochi-2011" tripartite agreement signed between the global company "General Electric", JSC "INTER RAO UES" and "United Engine Building Corporation" (MC "UEC") .
Among the most important provisions of the document — the decision to create a Rybinsk joint venture to produce gas turbines.
Start of construction of the new production is scheduled for the end of 2011, ending — for 2013. Funding will be provided at the expense of own funds of the project participants, and possibly at the expense of borrowed funds.
A joint venture agreement in the energy sector signed by the chairman and chief executive officer of GE Jeff Immelt, CEO of JSC "INTER RAO UES" Boris Kovalchuk and CEO of "UK" United Engine Corporation "(MC" UEC ") Andrey Reus.