Date: 3 months ago   Category: Energy

Gazprom energoholding can replace Power Machines in the joint venture with Siemens — Rambler News Service


The German company Siemens considers the possibility of repayment of a share of Power Machines in "Siemens of Technology of Gas Turbines" joint venture and further sale of this share to Gazprom energoholding, the Kommersant newspaper with reference to own source reports. According to the edition, the agreement between Siemens and Power Machines provides a possibility of "duel" — the mechanism at which the parties have a right of primary repayment of packages of each other in the joint venture. The mechanism has to be realized until the end of 2019. Gazprom energoholding and Power Machines already held the corresponding primary consultations, notes a source. Now the share of Siemens in JV Siemens of Technology of Gas Turbines makes 65%, a share of Power Machines — 35%. On January 26, 2018 the USA imposed new sanctions against Russia because of a situation in Ukraine. 21 natural persons and 21 legal are entered in the sanctions list. Including the Deputy Minister of Energy of the Russian Federation Andrey Cherezov, the head of department of operating control and management in power industry of the Ministry of Energy of the Russian Federation Evgeny Grabchak, the Power Machines company of Alexey Mordashov and entering into Rostec Technopromexport fell under sanctions. Siemens then said that the company will analyse a situation with inclusion of Power Machines in the sanctions list of the USA.

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