GE Energy recently held a groundbreaking ceremony to announce the start of construction for GE’s new Power Technology Center in the Kaluga Region of Russia. The technology center further expands GE’s in-country capabilities to deliver its products and services to customers across Russia and the Commonwealth of Independent States (CIS) that are pushing to modernize their energy assets.
“General Electric’s project in the Kaluga region is further proof of the fact that foreign business and regional authorities are able to work constructively and productively in modern Russia. The project is significant for us as an example of effective cooperation in the high-tech sphere,” said Anatoly Dmitrievich Artamonov, governor of the Kaluga Region.
GE signed the agreement to construct the technology center in March 2009 with the government of the Kaluga Region, the Kaluga Region Development Corporation and the administration of Kaluga City. GE’s initial investment in the Kaluga center is US$30 million, but that figure is expected to grow to $50 million by the time the facility is commissioned in late 2010.
For more information: www.ge.com