Business news from Ukraine

ELECTROTYAZHMASH SIGNS CONTRACT WITH TURBOATOM TO MODERNIZE KYIV HPP

22 March , 2017  

KYIV. March 22 (Interfax-Ukraine) – State-run enterprise Electrotyazhmash has signed a contract with public joint-stock company Turboatom (both based in Kharkiv) to make hydraulic turbine generators for Kyiv hydroelectric power plant (HPP, managed by Ukrhydroenergo), the press service of Electrotyazhmash has reported.
According to the conditions of the contract, Electrotyazhmash will design and produce three hydraulic turbine generators as a turn-key project. The generators will be assembled, tested and then startup works will be conducted.
“The plant has been supplying hydraulic turbine generators for Ukrhydroenergo’s power plants since 1950s. It has large experience of cooperation with this company. The enterprise would actively participate in the modernization of the generating base of Kyiv HPP,” the press service said, citing acting Electrotyazhmash Director Dmytro Kostiuk.
As reported, Ukrhydroenergo at the end of last year signed a contract with Turboatom on reconstruction of three units of Kyiv HPP for UAH 562.431 million (VAT included).
The project will be implemented in 2017-2021.
The power plants are reconstructed as part of Hydro Power Plants Rehabilitation Project III of the European Bank for Reconstruction and Development (EBRD) and European Investment Bank (EIB).