MOSCOW, January 17 (RIA Novosti) - Atomenergomash, a Russian supplier of equipment for nuclear power plants, and France's Alstom concluded a deal Thursday to establish a joint venture, a joint press release said.
The press release said the parties had paid the charter capital of the new venture, worth about $150 million.
Alstom, a world leader in conventional nuclear facilities, has given the new joint venture, Alstom Atomenergomash, a license to manufacture its Arabelle half-speed turbines. Alstom technology is used in more than a quarter of conventional nuclear facilities around the globe.
The JV will produce and sell the turbines and equip with them nuclear power plants being built outside Russia in line with Russian technology.
The venture is expected to yield about $1.5 billion annually.
Russia is currently building Iran's first nuclear power plant, Bushehr, in the south of the country.
