KYIV. Aug 19 (Interfax-Ukraine) – AZAD group of companies (India), a large manufacturer of public transport, could begin production of electric buses in Kherson, according to the website of Kherson Regional State Administration.
According to the report, with reference to administration chairman Andriy Hordeyev, a relevant memorandum on the launch of production will be signed on August 18 following his meeting with AZAD representatives.
“We are ready for cooperation, therefore we intend to sign a five-sided memorandum and jointly with AZAD we will develop a project to obtain an eco-loan from the EBRD,” the press service said citing Hordeyev.
According to investors’ conclusions, today Kherson machine building plant is most suitable for production, therefore it will be one of the parties to the memorandum.
“Kherson region is attractive for the start of production due to the warm climate and production sites that meet the relevant requirements,” the report reads.
During the meeting AZAD Group presented information about the buses it produces (urban, intercity, tourist, school, etc.), technical indicators of production, the companies that cooperate with it.
The cost of electric buses made by the company ranges from $200,000 to $500,000.