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Voith Group

Hydroturbine parts manufacturing plant is a joint venture of Federal company PJSC RusHydro and Austrian corporation. Manufacturing of hydroturbine equipment is scheduled to start in 4Q2017 with gradual driving up to the rated capacity by 2020. This will allow to start modernisation of Saratov Hydroelectric Station and other facilities (hydroelectric plants — note by TASS) in Russia and other CIS countries. Project costs account for RUB 2.2 bln.

15 December 2016
TASS

Russian and Austrian VolgaHydro plant producing hydroturbine equipment will be built in the city of Balakovo of the Saratov Region by the end of 2017. This information was reported by the press office of the government of the region after the ceremony of putting the first stone at the construction site.

“The future plant is a joint venture of RusHydro and Austrian Voith Hydro.

The investment volume of the project was not mentioned. Earlier it was reported that the investment could be about €50 mln. There will be about 200 jobs created at the plant.

14 June 2016
TASS
Investor
57.1 mln
Jobs: 200
Saratov region

Investor profile

Voith Group

Austria

Company's website: www.voith.com

T: +47 22 63 31 87

Public company

Contact: Dr. Hubert Lienhard, President and CEO

Voith is a provider of advanced technology and industrial services acting on the global scale. The corporation offers a variety of products and services for five global markets: power market, oil and gas market, paper market, raw materials market and transportation and motor vehicle market. The operational activities of Voith are performed in four divisions of the corporation: Voith Hydro, Voith Industrial Services, Voith Paper, and Voith Turbo. Voith Hydro is among the world’s leading suppliers in the hydro power area.

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