10 July 2015

REP Holding and JSC “VTI” have Signed the Agreement on Strategic Partnership

JSC "REP Holding” and JSC “All-Russian Thermal Engineering and Scientific and Research Institute”  ("VTI") concluded an agreement on cooperation. The signed document has strategic importance in the light of the goals set by the President and the Government of the Russian Federation for the industry, primarily within the frames of implementation of the import substitution program.  
  
The companies will cooperate in the field of production localization: planned is joint participation in the design of  steam and gas turbine elements, development of  the programs for bench tests that would allow to evaluate with high confidence rate the design and technological solutions, both techno-economic parameters and other important indices (environment, serviceability etc.).

Joint activities will also be implemented when working out effective marketing and service  strategy, which involves market research, estimation of the payback period of the investment projects, technological and price audits, development of service competencies for service maintenance of the steam and gas turbine units fleet, as well as establishment of the equipment remote monitoring center and development of a joint training center.

Also, the signed agreement will allow the companies to implement the programs aimed at the development of modern and efficient solutions in the field of gas and steam turbine engineering  and service, as well as to establish strategic cooperation with the key customers of the Russian energy industry.

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