MOSCOW, February 19. /TASS/. German concern Siemens is reviewing the possibility of reducing the time required to bring localization level of a 187 MW gas turbine with to 100% by 1-1.5 years from the previously planned 2024, Siemens CEO in Russia Alexander Liberov said in an interview with TASS.

"As I said we already have 2000E turbine with a 187 MW capacity localized by a little more than 60%. We are ready to localize it by 70% by 2020 and by up to 100% by the end of 2024. Moreover, we are now considering the possibility of reducing this period - perhaps by a year, by 1.5 years. We are currently actively reviewing it," he said.

Thus, localization of a gas turbine with a 187 MW capacity can be increased to 100% in the second half of 2022 or in 2023.

At the same time, Siemens tentatively estimated investments in bringing production to Russia of a gas turbine with 187 MW capacity to 100% at tens of millions of euro until 2024.

"I’m not ready to give the figures, because now we are in the process of settling and negating with partners. But this includes tens of millions of euro until 2024, Liberov said.

Liberov noted that in order to make a decision on increasing localization, a number of issues need to be addressed. They include ensuring that all power equipment fully localized in Russia falls under the new modernization program of thermal power plants, regardless of the origin of the company that produced it; and that Russian companies that will supply Siemens with gas turbine componentshave relevant competencies.

"We are currently in talks with several Russian companies to speed up the turbine localization process to 100% earlier than announced 2024. Increasing the localization level from 70% to 100% includes localization of the most technologically complex part of the turbine. To do this, Russian supplier companies must have relevant developments, and they must prove their competence at the appropriate level," he added.