Date: a month ago   Category: Energy

Inter RAO increased a share in the joint venture with General Electric for production of gas turbines to 50% — Rambler News Service


Photo: Vladimir Smirnov/TASS the Inter RAO Energy company increased a share in joint venture with General Electric (GE) for production of gas turbines — Rus Gas Turbines Holdings B.V. — from 25% to 50%, having redeemed a share of United Engine Corporation (the UEC, is included into Rostec), follows from the message of Inter RAO. "Quantity and a share of the vote, falling on the voting shares making authorized capital of the organization which the issuer acquired the right to dispose after approach of the corresponding basis: 18 thousand voices falling on the voting shares making authorized capital of the organization, or 50% (the indirect order)" — it is said in the statement. Inter RAO of RNS explained that the company got a share of UEC. The transaction was made on April 18, 2019. Inter RAO owns a share in the joint venture through Inter RAO — Power Generation subsidiary. GE share in the joint venture makes 50%. In October, 2018 the head of Inter RAO Boris Kovalchuk said that the company conducts negotiations on repayment at UEC of 25% in joint venture with GE on account of a debt of UEC within other joint venture - ITs "Gas-turbine Technologies". Kovalchuk specified that debts will be met not completely by the cost of a 25 percent share, but the companies "in the constructive approach will develop offers". The Rus Gas Turbines Holdings B.V. company owns the Russian Gas Turbines plant which releases gas turbines of average power.

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