29 March 2019

REP Holding and BHGE expand the license agreement

On March 28, 2019 within the framework of coordination committee President of REP Holding Tagir Nigmatullin and President of Nuovo Pignone (part of Baker Hughes, a GE company- BHGE) Michele Stangarone signed additional agreement to license agreement of technology to assemble, manufacture and test gas turbines MS5002E 32 MW. The signing was done in the presence of Vitaly Markelov, Deputy Chairman of the Management Committee, Gazprom, Lorenzo Simonelli, Chairman and CEO, BHGE and Vyacheslav Mikhalenko, Chairman, REP Holding.

This additional agreement provides for the provision to REP Holding by BHGE a license on the GTU MS5002E service. The agreement was concluded in the development of the provisions of the License Agreement between REP Holding and BHGE, under the terms of which REP Holding is entitled to provide service maintenance at the customer’s site including installation, commissioning, and maintenance during operation of the MS5002E, as well as production of spare parts and repair and refurbishment of the GTU’s components.

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