OJSC Power Machines

OJSC Power Machines is the leading Russian producer and supplier of end-to-end products and solutions for the power-plant industry, including engineering, production, supply, assembly, service and equipment upgrades for thermal, nuclear, hydraulic and gas-turbine power plants.

The Company has manufactured equipment with a combined capacity of 300,000 MW, which is installed and is successfully operating in 57 countries across the world. More than 2,700 steam turbines, 2,550 turbo-power generators, 700 hydraulic turbines and 600 hydro-power generators have been produced.

OJSC Power Machines takes the 4th position in the world by volume of installed equipment.

Established in 2000, OJSC Power Machines unites the engineering, production and intellectual resources of Russian most internationally famous enterprises:

• Leningradsky Metallichesky Zavod (founded in 1857)
• Electrosila (founded in 1898)
• Turbine Blades Plant (founded in 1964)
• Kaluga Turbine Works (founded in 1946)
• NPO CKTI (1927)
• Energomachexport (founded in 1966)
• Power Machines – Reostat Plant (founded in 1960)

In January 2004 Turbine Blades Plant, Leningradsky Metallichesky Zavod and Elektrosila united into one legal entity and joined Power Machines Company.

Power Machines is a universal assignee of all the enterprises it comprises. All rights, obligations and assets of all three enterprises were transferred to Power Machines.

At the present day main shareholder of Power Machines (Highstat Limited Company with Alexey Mordashov as a final beneficiary) together with the company’s management develops strategy of Power Machines which is an essential part of development strategy of all Russian power engineering complex.

Key goals for Power Machines are technical re-equipment and development of production base, purchase of new technologies and Research and Advanced Development, application of modern approaches to business and management, updating and extension of product line with the aim to create competitive production and extend sales areas.

At the moment, one of the Company’s priority projects involves the construction of a new modern power equipment production plant, which is being built in the Metallostroy industrial zone of Saint Petersburg’s Kolpinsky District. The new OJSC Power Machines plant, which relies on state-of-the-art technology, will not only ensure the production of high-quality output, but also help boost the Company’s technological capabilities and labor productivity, optimize the production and auxiliary floor space, reduce the operating costs of product upkeep, and other items.

The first start-up complex includes a facility to produce high-capacity NPP-use turbines and turbine generators, a balancing stand, an apparatus production facility, a warehouse, and utilities. The plant’s first phase production program envisages the prodaction of two high-speed and two low-speed steam turbines rated at 1,600 MW each and four turbine generators of the same capacity.

The Company plans to complete this project in the middle of 2012, with the plant becoming one of Russia’s largest in the field of engineering, promoting the introduction of new power production technologies and improving the environment. The capital spending sights for the first line’s construction is going to account for approximately six billion rubles.