Power Machines will invest 17.4 billion rubles in 2022

The Board of Directors of JSC "Power machines" approved the 2022 investment program in the amount of 17.4 billion rubles.

Key areas in the company's investment portfolio are the completion of technical modernization as part of the project for manufacture of gas turbines GTE-170 and GTE-65, implemented under a government contract with the Ministry of Industry and Trade of the Russian Federation, upgrade of process equipment at the company's plants, investments in IT projects, development of design bureaus at the plants, proactive "green agenda" development projects, industrial safety and improvements in working conditions at the company's facilities.

In 2022, the Board of Directors will additionally consider a medium-term development program for the company with an implementation deadline of 2028.