Rolls-Royce sells turbines to Russia
Rolls-Royce is to supply two gas turbines to power Russian oil company Lukoil's power plant in Budennovsk, Russia.
Rolls-Royce is to supply two gas turbines to power Russian oil company Lukoil's power plant in Budennovsk, Russia.
Each of the Trent 60 turbines will produce 58.5 megawatts of power, which Lukoil said would enable it to reach power capacity at its Stavrolen plant in compliance with its commitments to the Russian Power Market.
Exhaust heat from the engines will be recovered to drive a separate steam turbine, providing additional power to Russian Electrical Grid.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The equipment will be manufactured and packaged at the Rolls-Royce facilities in Quebec, Canada and Mount Vernon in the U.S.A.
Tom Sacco from Rolls-Royce said proven efficiency and superior fuel consumption of the Trent 60 gas turbine would provide the Russian Power Market with a dependable supply of electricity.
In 2011 Rolls-Royce won a contract to supply Lukoil with five diesel engines for pumping, refining and related services at the Russian firm's diamond mine in the Arkhangelsk region of Russia.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Dividends: Reliability in uncertain times
Dividends have formed over half of the total return of the UK market over the last 20 years. Dividend strategies have been under-appreciated while investors have focused on US mega cap technology. Income strategies may have more appeal in a tougher investment climate
By MoneyWeek Published
-
Trump’s tariffs: what is he thinking and how should UK respond?
Every right-thinking person knows that free trade is a surer route to the wealth of nations than protectionism, says Stuart Watkins. What is Trump thinking?
By Stuart Watkins Published