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.
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
UK inflation could rise to 3.5% tomorrow as food prices add pressure
Some economists think inflation will hit 3.5% in tomorrow’s report covering June, coming in above the Bank of England’s forecast. We look at what to expect.
-
New electric car grant worth up to £3,750 announced – how the scheme works
The cost of a new electric car could be cut by up to £3,750. We explain how the new electric car grant works, and what cars are likely to be made cheaper.