Renova to start import substitution

Rotek, included in Renova, has intended to compete with GE, Siemens and other manufacturers in the field of gas turbines service. Their turbines are almost at all new thermal power plants, and foreigners dictate the prices for the service, binding them to the currency. Because of this, it becomes more and more difficult for the Russian generation to stay within operating expenses, recorded in investment projects. Rotek plans to oust its competitors due to the localization of the most expensive components of the hot section in the Russian Federation - the turbine blades, which will cost by 15% cheaper than foreign ones.

Rotek (owns Ural Turbine Works, is a part of Renova) will restore components of gas turbines’ hot section; the production of the components was launched in Ekaterinburg on Friday. About 1 billion rubles were invested in the first stage, it will carry out finishing operations on production and recovery of turbine blades. In 2018, it is planned to locate the full cycle of the hot section components of large gas turbines, if the market will grow, Rotek promises. The total investment will amount to 2 billion rubles.