GE Forms Medical, Power Equipment Ventures in Russia
This article is for subscribers only.
General Electric Co. agreed to form ventures with state-controlled OAO Inter RAO UES and Russian Technologies Corp. to produce equipment in Russia and help upgrade the country’s energy and health-care systems.
GE will take a 50 percent stake in a venture with utility Inter RAO and Russian Technologies to assemble and sell gas-fired power generation units in the Yaroslavl region in central Russia, according to a fact sheet distributed today in Moscow. The Russian companies will hold 25 percent each in the venture, which was registered this month in the Netherlands.