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Engineering

Engineering segment development is a key component of INTER RAO integrated business model. We believe that over the next few years, this segment will become a new driver of the energy sector development fueling innovation in power generation efficiency. Besides developing its own engineering assets and establishing partnerships with the leading Russian and international companies, INTER RAO is running a number of research and development projects in engineering and construction.

INTER RAO expands cooperation with the leading engineering market players including the largest international enterprises such as General Electric and WorleyParsons. In 2010, the holding completed the acquisition of controlling stake in Russian Quartz Group, a leading Russian engineering and service provider in power industry.

Having its own full-cycle engineering division will enable INTER RAO to:

  • Optimize new development project timelines and costs.
  • Create optimized and streamlined project- and technology-oriented solutions for Russian thermal power generation sector, with specifications meeting those of the top international equivalents.
  • Secure leadership in Russian engineering and equipment supplies market and support development of Russian energy machinery sector.
  • Increase international sales and contribute to Russian foreign economic policy implementation by helping increase the share of high value-added energy equipment export to new markets in the total export.

In this line of business development, the holding is planning to focus on the following competencies:

  • General design of energy facilities
  • Equipment construction, supplies and installation as well as commissioning and ongoing service and maintenance.
  • Producing boiler and turbine equipment with specifications meeting or exceeding top international counterparts,

INTER RAO initiatives in engineering are focused on achieving target indicators defined in corporate development strategy up to 2015:

  • Share of energy engineering, construction and equipment supplies for Russian thermal power plants—no less than 20%.
  • Share of revenue on external (for the company) markets in total engineering sector revenues—no less than 25%.
  • Profitability of equipment export contracts—no less than 5% (with exception of projects with special conditions).