Federal Grid Company and Siemens sign Strategic Cooperation Agreement
The Federal Grid Company (FGC) in Russia and Siemens AG have signed an Strategic Cooperation Agreement. FCG is the operator of the Russian high-voltage transmission grid. The document is determined on the development of cooperation between the companies in the implementation of new Siemens technologies such as low-loss high-voltage DC transmission (HVDC) or smart grids on FGC objects. Furthermore, production of electro technical Siemens’ equipment in Russia and service and reconstruction of installed Siemens equipment on power facilities of FGC are part of the agreement.
"The planned modernization of the Russian power grid will raise the good relationship we have enjoyed with the grid operator FGC over many years to a new level,“ said Udo Niehage, CEO of the Power Transmission Division of Siemens Energy. Siemens and FGC want to work together to optimize efficiency-enhancing technologies for the Russian power grid and ensure that they are then put to use. An additional goal here is the expansion of local production facilities for modern and efficient systems and equipment such as power transformers, high-voltage switching devices and medium-voltage switchgear.
The Federal Grid Company, which owns the 118,000 kilometer Russian long-distance power grid, has announced that they plan to invest EUR12 million in 2010 to 2012 in its development. Russia represents the fourth largest power market in the world.
Siemens and FGC can look back upon many years of fruitful cooperation. Siemens, for example, made a major contribution to providing secure power supply to the Russian capital of Moscow in the form of substations for power levels up to 500 kV. High-voltage switchgear from Siemens has also been contributing for some time now to secure, reliable power supply in the vastness of Siberia. Siemens will also be supplying high-voltage equipment for the Olympic Games to be held in Sochi in 2014. Furthermore, in the world's largest line protection project of its kind, Siemens supplied 639 line-based high-voltage arresters at the 500 kV voltage level for protection of the Russian power transmission lines.
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