printable version

RusHydro and Voith Hydro Agree to Cooperate in Modernization of Hydraulic Turbines of Miatlinskaya HPP in Dagestan

JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces the agreement with Voith Hydro, which will supply rotor wheels for modernization of hydro turbines of Miatlinskaya hydropower plant in 2013-2014.

Miatlinskaya hydropower plant is a part of Dagestan branch of RusHydro. It's installed capacity is 220 MW. The modernization of the turbines will increase reliability and efficiency of the plant.

The agreement is a logical step in continuing cooperation between RusHydro and Voith Hydro. In June 2011, during St. Petersburg Economic Forum, RusHydro and Voith Hydro signed the cooperation agreements, including the document that lays the groundwork for cooperation in hydropower engineering with supply of energy equipment for Miatlinskaya as one of the priority joint projects.

Voith Hydro GmbH & Co.KG Company is a supplier of eco-friendly hydropower equipment and a world leader in designing and constructing hydropower plants. The Company offers integrated solutions for the turn-key installation of hydro-mechanical, turbine and generator equipment, auxiliary mechanical and electric systems, control systems, modernization and re-equipment services and providing the in-house manufacture of the main types of HPP equipment. Voith Hydro Company designs hydro-power turbines that completely eliminate machine oil ingress to water. At present, RusHydro and Voith Hydro are implementing joint projects at the Zaramagskaya HPP, the Uglichskaya HPP and other HPPs.

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.

Your application has been accepted. The answer will be prepared and sent within 20 calendar days. ok