Power Machines leave joint venture with Siemens and become competitors of Germans

Russian company Power Machines is negotiating the sale of its share in the joint venture Siemens Technology gas turbines ”(STGT) to the main owner - German Siemens.

If during the negotiations that began in January, within two months, agreement is not reached on the value of the transaction, then, according to the law, an independent appraiser will be connected to it.

According to the edition Kommersant, the share of Power Machines can be estimated at 5-6 million dollars, since the enterprise does not have full-cycle production.

After the transaction is completed, the former partners become direct competitors in the medium and high power gas turbine market in the range of 65-170 MW.

Both companies are the only candidates in Russia to participate in the renovation of power plants under the modernization program.

Need I say how great is the interest of competing companies in the state program, which is designed for ten years (from 2022 to 2031) and provides for the updating of equipment for a total amount of 200 billion rubles?

Recall that in October 2019, the German concern Siemens refused to localize high-power gas turbines in Russia for political reasons.
  • Photos used: Siemens Pressebild / wikimedia.org
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  1. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 2 March 2020 18: 14
    Since the enterprise does not have full-cycle production.

    - it turns out, figs she will become a competitor to someone ???
  2. What other "competition with Siemens? Drive them in the neck!"
  3. 123 Offline 123
    123 (123) 2 March 2020 20: 27
    As it appears. did not agree. Apparently, the Germans refused to transfer technology and did not want to do the full production cycle. Well. no and no trial. request By the way, there, too, no, request in the sense of state contracts. So, let them look for who needs so many turbines. The world is big. fellow
  4. The comment was deleted.
  5. gorenina91 Offline gorenina91
    gorenina91 (Irina) 3 March 2020 05: 17
    The Russian company Power Machines is negotiating the sale of its stake in the Siemens Gas Turbine Technology (STGT) joint venture to its main owner, German Siemens.

    - I see ... - workers on the street ... - here and the tale ends ... - sadly ...
  6. g1washntwn Offline g1washntwn
    g1washntwn (George Washington) 3 March 2020 08: 54
    a) Not "medium and high power", but in the range TO MEDIUM. Siemens is crossed by the only GTE-170, so far there are no analogues of SGT 4000/5000/8000/9000.
    b) Gazprom now has REP Holding for its own facilities and renovations, and they will compete with it on the domestic gas turbine market.
    Final IMHO: All this is an unambiguous attempt to slightly control Siemens to localize its products larger than screwdriver assembly on Power machines and subsequent maintenance. The requirements in %% of local localization have not been canceled. Either own capacities within the Russian Federation, or participate in other joint ventures but already with access to their technologies. The probability that Siemens will abandon its traditional sales market is, but is small. Lowering almost a century of cooperation into the closet and giving up the prospectively developing market of gas turbines for them will be akin to masochism.
  7. Roarv Offline Roarv
    Roarv (Robert) 3 March 2020 20: 39
    Fucking Dimon with his terms of entry into the WTO and the conclusion of contracts with the Superjet, Boeing, Siemens.
    They don’t want to - They don’t want to share technologies, They don’t want to Localize the assembly of gas turbines .... in Russia, Aufiderzein to leave the country ....
    We need to take an example from India, look at their principles of advocacy in concluding contracts with the Russian Federation, the supply of weapons of all kinds ...
    We also gave markets, Agrochemistry, Electronics, Machine Tool. Liberals will stand in any position and sell everything, just to guess their interest.