PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE and the Russian Direct Investment Fund to Provide ‘Cogeneration’ Power for Growing Industrial Sector in Russia - GE and the Russian Direct Investment Fund (RDIF) signed a memorandum of understanding for a joint venture to cooperate in the construction of autonomous mini power plants built specifically for manufacturing facilities across Russia (NYSE: GE)
GE and the Russian Direct Investment Fund to Provide ‘Cogeneration’ Power for Growing Industrial Sector in Russia

 

NewswireToday - /newswire/ - Moscow, Russia, 2013/06/21 - GE and the Russian Direct Investment Fund (RDIF) signed a memorandum of understanding for a joint venture to cooperate in the construction of autonomous mini power plants built specifically for manufacturing facilities across Russia (NYSE: GE). NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The signing ceremony took place on June 21 at the St. Petersburg International Economic Forum. The document was signed by President and CEO of GE Russia/CIS Ron Pollett and RDIF Director Sean Glodek in the presence of GE Chairman and CEO Jeff Immelt and CEO of the Russian Direct Investment Fund Kirill Dmitriev.

Growing demand in autonomous electric power generation is being driven by the growth of the industrial sector in Russia. The joint project will focus on the construction of cogeneration systems (up to 25 megawatts) providing a direct supply of electricity and heat to large industrial companies and municipal entities. These systems are independent from transmission lines and heating mains and remain operational irrespective of failures in the mainstream power supplies.

Increasing power consumption, strict environmental requirements and a high level of infrastructure depreciation are driving the demand for combined generation of electricity and heat. GE is a proven global leader in providing efficient and reliable power cogeneration equipment and expertise and has substantial experience working with Russian companies.

Ron Pollett, president and CEO, GE in Russia and CIS: ”Autonomous electric power systems based on innovative new technologies offer considerable economic and environmental benefits. We expect that this collaboration will allow us to expand our geographic footprint, boosting modernization of the national industrial infrastructure”.

Kirill Dmitriev, CEO, RDIF: ”The partnership between RDIF and GE is a classic example of how the world’s technology leader demonstrates successful localization of the advanced power generation systems in Russia. The project will help in solving the problem of electricity access specifically for the small manufacturing companies located in different country regions.”

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and the home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

About the Russian Direct Investment Fund
RDIF (rdif.ru) was established in June 2011 to make equity investments primarily in the Russian Federation. RDIF’s management company is a 100 percent subsidiary of Vnesheconombank. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.

Contacts
GE news, Masto Public Relations - E: information[.]mastopr.com

Information policy department*
«Gazprombank» (Open Joint-Stock Company)
P: + 7 (495) 719-15-50 - E: pr[.]gazprombank.ru.

Kate Culman, Masto Public Relations
P: +1 518 786 6488 - E: kate.culman[.]mastopr.com.

Howard Masto, Masto Public Relations
P: +1 518 786 6488 - E: howard.masto[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


GE and the Russian Direct Investment Fund to Provide ‘Cogeneration’ Power for Growing Industrial Sector in Russia

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center | RDIF
Publisher Contact: Nina Byvsheva - GE Russia and CIS 
+7 495 739 69 19 / +7 903 561 90 91 (mobile) nina.byvsheva[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

LANXESS Innovation for in situ Recycling of Leather Shavings At Hannover Messe
GE Additive Establishes Customer Experience Center in Germany
Fuse Powered by Geniuslink Recognized as (Gold) Finalist At the 2017 Edison Awards
ITT's BIW Connector Systems Brand Introduces New Range of Penetrator Systems and Mechanical Splices At SPE ESP Symposium 2017
OFS to Present Technical Papers at UL and IWCS China Cable & Connectivity Symposium
LANXESS Successfully Completes Acquisition of Chemtura
Atlas Copco to Acquire Pump Rental Business in Brazil
Atlas Copco to Acquire Full Stake in Taiwanese Exhaust Management Business
Voith Hydro Canada Ready to Begin Mechanical Installation At Riel Converter Station
Atlas Copco Opens Expanded Indian Manufacturing Plant
BASF Named A General Motors Supplier of the Year for Twelfth Time
Growth Opportunities Rapidly Expand for LED as IoT and Light-as-a-service Expedite Connected Lighting and Living Finds Frost & Sullivan
Polymax TPE Ensures High Standards with New ISO 9001:2015 Certification
PPG to Showcase Specialty Inks, Performance Glass Coatings At DECO ’17
European Welding Equipment and Consumables Manufacturers Leverage Energy-efficient Products to Expand Growth Opportunities Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)