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Siemens and Gazprom Energoholding sign memorandum on joint venture

The parties agreed that the priority activity of the joint venture will be the production of vacuum generator devices

SAINT PETERSBURG, March 22. / TASS /. Siemens and Energoholding LLC have agreed to set up a joint venture, the Siemens press service said on Friday.

"In development of the strategic cooperation agreement, Gazprom Energoholding and Siemens have signed a memorandum of intent to create a joint venture. The parties agreed that the priority activity of the joint venture will be the production of vacuum generator devices (VSU) and high-tech components to them," the press release said.

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VGU devices are used in the construction and technological modernization of generating facilities.

The parties, according to the document, will create a working group to prepare a project plan for creating a joint venture. We are discussing the possibility of organizing the production of equipment in the Russian Federation with a localization level of at least 50% by 2020 with the possibility of increasing to 75% by 2022.

New production can be launched on the basis of the Siemens assembly shop in Dubna near Moscow. The company will be engaged in the design, installation, commissioning of vacuum generator switches and provide them with the necessary service support. It is also planned to create a training center for training specialists in the operation of VSU.

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