Atomstroyexport and PVO Almaz-Antey Concern Agreed on Strategic Partnership

On 29 of August, 2007 the President of JSC Atomstroyexport Mr. Serguey Shmatko and the General Director of JSC PVO Almaz-Antey Concern Mr. Vladislav Menschikov signed the Memorandum of cooperation on the power market for construction of power generation facilities (including NPP).

Today's increasing demand for electric power and new generating supply is a serious challenge for all leading world companies in the area of the power engineering industry.

Atomstroyexport is interested in the creation of conditions for the successful implementation of Russian projects of NPP construction both in Russia and abroad, also by means of active development of innovation technologies, support of research and technical potential and involving of highly developed enterprises of the defense industry complex in the nuclear power engineering.

PVO Almaz-Antey Concern is one of the largest companies of the world military-industrial establishment. The Concern is interested in the steady development of its enterprises, the gradual raising of their research, technical and economical potential as well as in the development and production of the advanced technology products for the power engineering (including nuclear power) which would be competitive on the domestic and foreign markets.

According to the Memorandum, JSC Atomstroyexport and PVO Almaz-Antey Concern are going to combine the advantages of each company for the joint implementation of investment projects in the power engineering that will promote the development of the leading defense industry enterprises for the power engineering needs and for the achievement of synergetic effect.

Reference

PVO Almaz-Antey Concern is the largest integrated structure of Russian defense industry which nowadays unites virtually all Russian designers and manufacturers of air defense facilities including anti-aircraft rocket complexes and systems, information means of various purposes and deployment, control and communication means as well as non-strategic air defense systems and complexes. The Concern's enterprises participate in the manufacture of large dimension equipment for the nuclear power engineering.

Atomstroyexport is the leading engineering company which implements the projects for construction and reconstruction of nuclear power advance technology facilities. Now it is the only company in the world, which is implementing simultaneously the projects for construction of four nuclear power plants outside the country: in China, India, Iran and Bulgaria.

SOURCE: JSC Atomstroyexport and PVO Almaz-Antey Concern

DATE: September 03, 2007

Topics: Russia, Atomstroyexport