Siemens and FGC say they want to work together to optimise “efficiency-enhancing technologies” for the Russian power grid, and ensure that they are then put to use. An additional goal 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.

FGC, which owns the 118,000 kilometer Russian long-distance power grid, has said it will invest EUR12 billion between 2010 to 2012 to develop the grid. Russia represents the fourth largest power market in the world.