Power Machines to deliver equipment for Weijiamao Thermal Power Plant (China)

On 15 June 2006 during Harbin International Fair for Trade and Economic Cooperation, Power Machines, China's equipment importer and exporter Technoimport and coal and energy company Chzhunguer inked a protocol, whick envisages the signing of a contract on the supply of equipment for Weijiamao thermal power plant within three months.

The delivery includes design, manufacture and supply of four 630 MW generating units and steam turbines for the power plant. Total cost of equipment, produced by Leningradsky Metallichesky zavod and Electrosila, both affiliated to Power Machines, amounts to $ 150 mln. The parties are carrying on technical and economic negotiations in order to clear all the details of the contract.

According to Sergey Skvortsov, Head of Power Machines Representation in China “the signing of the protocol will extend a two years’ Chinese and Russian fruitful co-operation the agreement of which was signed in 2004.