Russia's Federal Grid Company and Siemens sign high-voltage transmission agreement
May 20, 2010 - Power-Gen Worldwide
Russia's high-voltage transmission grid operator Federal Grid Company (FGC) and Siemens have signed a strategic cooperation agreement to implement new technologies such as low-loss high voltage direct current (HVDC) transmission and smart grids.
Production of Siemens equipment in Russia and the service and upgrade of installed Siemens equipment on FGC's power facilities are part of the agreement.
"The planned modernization of the Russian power grid will raise the good relationship we have enjoyed with the grid operator FGC over many years to a new level," said Udo Niehage, CEO of the Power Transmission Division of Siemens Energy.
Siemens and FGC want to work together to optimize efficiency-enhancing technologies for the Russian power grid and ensure that they are then put to use. An additional goal is the expansion of local production facilities for modern and efficient systems and equipment such as power transformers, high-voltage switching devices and medium-voltage switchgear.
The Federal Grid Company, which owns the 118 000 kilometer Russian long-distance power grid, has announced that they plan to invest EUR12bn ($14.9bn) in 2010 to 2012 in its development. Russia represents the fourth largest power market in the world.