JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that as part of Russian Prime Minister Vladimir Putin's visit to France RusHydro Group and Alstom concluded a Shareholders Agreement to establish a joint venture (JV) to produce hydropower and auxiliary equipment in Russia. The document contains the main provisions of the JV. The JV was established in a strategic co-operation agreement that was signed by the parties December 9th, 2010 in Moscow during a visit of French Prime Minister Francois Fillon to Russia.

Plant construction is a pilot project for RusHydro in Russia. The plant will specialize in manufacturing hydropower equipment for smaller hydropower plants with a capacity of 25 to 100 MW and pumped storage plants of up to 150 MW, as well as equipment for automatic process control systems and integrated security systems. According to a preliminary assessment, the first hydropower equipment will be produced at the plant in 2013, whereas the manufacture of automatic process control systems will start by the end of 2011.

Alstom is a world leader in power generation and transmission and is a global leader in developing innovative and eco-friendly technologies. Alstom provides for integrated decisions for the "turn-key" construction of power plants and the accompanying maintenance of various energy sources, including: hydropower engineering, nuclear power engineering, gas, coal and wind. The Company offers a wide range of power transmission decisions with focus on "smart grid" technologies.