Under the deal, RusHydro and the Saratov region will collaborate on the investment projects undertaken by the former in the region: €1bn overhaul of hydro-units of Saratovskaya hydropower plant and joint construction with Voith Hydro of a hydropower equipment manufacturing plant in Balakovo of the Saratovsk region.
The total investment in the joint venture (JV) of RusHydro and Voith will amount to €50m, and the sales of the plant are estimated at €500m.
The first significant order for the JV will be production of hydroelectric equipment for Saratovskaya hydropower plant.
The 13-year overhaul of Saratovskaya hydropower plant will encompass the replacement of 21 vertical Kaplan turbines with hydro turbines of a new generation and one hydro-unit.
The government of the Saratov region will assist the companies for the power projects.
