Earlier, RusHydro and Alstom formed a 51-49 joint venture (JV), JSC AlstomRusHydroEnergy.
Under the terms of the agreement, Alstom will contribute to the JV advanced operational management practices.
The power plant is valued at €125m and the first tranche of €11m will be used for construction works, purchase of equipment, recruitment and training of personnel.
The plant will manufacture main power generation equipment for small, mid-sized hydropower plants and pump storage plants, as well as auxiliary equipment.
Energy production from the facility is scheduled for 2014.
