JSC Zaporizhtransformator (ZTR), a part of the Energy Standard group of businessman Konstantin Grigorishin, has prepared three single-phase shunt reactors ROM-55125/525-T1 for shipment under a contract with Transener S.A. (Argentina) for the supply of equipment for installation at the ET Puelches substation to replace the old one.
According to a message on the company’s website, thus, the enterprise resumes the supply of equipment to the market of this country after a more than six-year break.
“Zaporizhtransformator has been cooperating with Transener SA for a long time and has carried out more than one supply, but in general, the plant has been present in the Argentine market since the 70s, but the last order was completed in 2014. At the end of 2017, it was decided to return to this market, and representatives of the plant held negotiations on the resumption of cooperation with Argentine energy companies. The result was the victory in the tender and the signing of the contract,” the press service of the enterprise said.
Preparation for the tender and receipt of the order (the cost of which was not disclosed) lasted about six months. The main competitors in the tender were Brazilian manufacturers, in particular the ABB company.
“When supplying to South America, the lion’s share of the costs is logistics, which often makes manufacturers from other continents uncompetitive. Therefore, in order to compete with local manufacturers in a tender and provide the best price offer, Zaporizhtransformator managed to work with transport companies to work out the possibility of shipping reactors by container lines, which significantly reduced the cost of the logistics of the order and made it possible to compete with Brazilian companies,” the company said.
The circle of tender participants, according to the report, also narrowed due to the lack of experience in the design and production of similar equipment (single-phase reactors with a maximum voltage of 550 kV) for at least ten years, which allowed the enterprise “to compete in the tender only with serious companies.”
The message said that due to the worldwide coronavirus (COVID-19) pandemic, equipment tests took place online for the first time. Upon arrival of the reactors at the facility, it is planned to install and start up equipment in the presence of a representative of the ZTR service center.
JSC Zaporizhtransformator is a large manufacturer of transformer equipment, has experience in deliveries to 88 countries. It produces power oil transformers, electric reactors and controlled shunt reactors.
Transener S.A. is the leading Argentine company in the transmission of extra high voltage electric power.
President of Ukraine Volodymyr Zelensky, by his decrees, has dismissed Ukrainian ambassadors in 11 countries. Presidential decrees dismiss Valeriy Chaly from the post of Ukrainian ambassador to the U.S., to Antigua and Barbuda and Trinidad and Tobago (part-time), Ambassador of Ukraine to Armenia Petro Lytvyn, and Ambassador to Turkmenistan Valentyn Shevaliov, the official website of the president reported.
Ambassador of Ukraine to the Republic of Cyprus Borys Humeniuk, ambassador to Argentina and part-time to Paraguay, Uruguay and Chile, Yuriy Dudin, were dismissed.
Ambassador to Vietnam and part-time to Cambodia, Oleksiy Shovkoplias, ambassador to Morocco Yaroslav Koval, and ambassador to Jordan Serhiy Pasko, were also dismissed.
Zelensky fired ambassador of Ukraine to Nigeria and part-time to Ghana, Benin and Sierra Leone, Valeriy Aleksandruk, and ambassador to South Africa Taras Kuzmych.
In addition, Ambassador of Ukraine to Vatican and part-time to the Sovereign Military Hospitaller Order of Saint John of Jerusalem, of Rhodes and of Malta, Tetiana Izhevska, was also dismissed.
On Tuesday, the Ministry of Youth and Sports of Ukraine signed an agreement on cooperation in the field of physical culture and sports with the Secretariat of Sports of the Argentine Republic, Minister of Youth and Sports of Ukraine Ihor Zhdanov has said.
“While visiting Buenos Aires, I signed an agreement between the Ministry of Youth and Sports of Ukraine and the Secretariat of Sports of the Argentine Republic on cooperation in the field of physical culture and sports,” the minister wrote on his Facebook page on Tuesday.
He noted that Secretary of State for Sports of Argentina Carlos Javier Mac Allister, who is a member of the government, and his successor, Diogenes de Urquiza, attended the signing ceremony. He starts to perform the duties of his colleague in a month.
According to Zhdanov, the agreement establishes the legal framework of the Ukrainian-Argentine cooperation in the field of physical culture and sports through the central executive bodies and public organizations of physical culture and sports.
“There will be an intensive exchange of experience between coaches and athletes of both countries within the framework of the agreement,” the minister said.
Study visits of specialists, organization and holding of seminars and conferences on issues of the sphere of physical culture and sports with the participation of representatives of state bodies, national federations for sports, sports societies and clubs are planned.
The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF). Experts in May reevaluated the potential changes in investors’ interest in the assets of these countries amidst the strengthening of the U.S. dollar exchange rate, the growth of interest rates and the intensification of trade disputes.
The IIF considers the assets of Russia, the Czech Republic, Colombia, Brazil and the Philippines less exposed to such risks.
Turkey, Argentina, the Republic of South Africa, Ukraine and India have the highest need for financing, the IIF analysts believe.
The most notable improvement compared to the previous year, including that in terms of reducing needs for funding and increasing the attractiveness of assets, was demonstrated by Indonesia. In addition, the situation has improved in Malaysia, Chile, Egypt, and Brazil.
India’s position has worsened significantly, which is largely due to an increase in the deficit of the current account of its balance of payments. A comparative increase of risks is also observed in Turkey, Poland, and Ukraine.
ARGENTINA, CHINA, INSTITUTE, INTERNATIONAL FINANCE, MARKETS, SOUTH AFRICA, TURKEY
