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ROSNANO, Inter RAO, NPO Saturn and NP TsIET signed an investment agreement on creating the GTE-110M

Site news 27.12.2013

December 27, 2013, Rybinsk. - Signature of an Investment agreement between ROSNANO (OJSC), Inter RAO (OJSC), NPO Saturn (OJSC) and NP TsIET dedicated to an investment project of creating a Russian high-power gas turbine GTE-110M engine with the application of nanotechnologies took place in Moscow.
The GTE-110M engineering project is fully compliant with the “Electrical power engineering and machinery” subprogram of the “Industry development and enhancement of its competitiveness” state program approved by the Government of the Russian Federation aimed at supporting Russian gas turbine machinery manufacturers. The project implementation timeframe spans 2014-2017. The total project budget has amounted to approximately 2.5 billion rubles.
The GTE-110M is a new-generation Russian high-power gas turbine engine. The GTE-110M is installed at electric power generation sites as the core of steam-to-gas and electric power plants in the power range of 110 - 500 megawatts and equally serves as a replacement capacity in the process of technical re-equipment of the combined-cycle installations having used up their physical life in service.
To date NPO Saturn is the only Russian manufacturer of high-power gas turbine engines (exceeding 60 megawatts) equipping electric power generation sites.
 

The NPO Saturn Research and Production Association (OJSC) is an engine-building company specialized in the design and development, production and after-market support of gas turbine engines for military and civil aviation, naval ships and power-generating plants and gas-pumping units. The association is part of the All-Russian public organization The Union of mechanical engineers of Russia whereby the regional branch is headed by I. N. Fedorov, NPO Saturn CEO.
NPO Saturn is part of United Engine Corporation (OJSC) and acts as the leader of the Civil Engines Division, a business unit of UEC founded on 09.10.2012 as a result of integration of the following companies: NPO Saturn (OJSC), Aviadvigatel (OJSC), PMZ (OJSC), Metallist-PM (CJSC), Energetik-PM (OJSC), REMOS-PM (CJSC), Motoservis-PM (CJSC) and Zheleznodorozhnik-PM (CJSC).
 
 
United Engine Corporation (OJSC) is a subsidiary of the OBORONPROM UIC (OJSC). The UEC structure integrates over 85% of Russia’s leading companies specialized in the design and development, serial production and after-market support of gas turbine machinery as well as the key enterprises - the industry’s integral players. One of UEC’s prioritized fields of activity is the implementation of comprehensive programs of development of the companies in the industry by introducing new technologies meeting the world-class standards.
 

The OBORONPROM United Industrial Corporation (OJSC) is a multi-field machine-building group created in 2002. It is part of Rostec. The main fields of activity are helicopter building (the Russian Helicopters holding), engine building (the UEC holding) and other assets.
 

The Rostekhnologii State Corporation (Rostec) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec’s subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.
 

NPO Saturn press service
Phone: +7 4855 296898
E-mail: press@npo-saturn.ru,
www.npo-saturn.ru



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