Alstom in strategic nuclear partnership

12 April 2007

Engineering major Alstom is joining forces with Russian group Atomenergomash in order to meet growing demand in the nuclear generation, both in Russia and elsewhere.

A framework agreement recently signed in Moscow outlines a joint venture dedicated to manufacturing the conventional power islands of Russian nuclear power plants. Atomenergomash will hold 51% and Alstom 49% in the new venture company that will be located in Podolsk, close to Moscow. The facility will manufacture the entire conventional island of nuclear power plants, drawing on Alstom’s “Arabelle” half-speed turbine technology and allow the two partners to propose a package of both the nuclear reactor and the conventional power island.

The two partners will together invest €200 million in the joint-venture in the form of assets and cash.

The Arabelle turbine has an output up to 1750 MW.

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