Power Machines OJSC Obtained New Licenses

Power Machines obtained new licenses from the Federal Service for Environmental, Technological and Nuclear Supervision, Russia to design and manufacture equipment for nuclear facilities.

Obtaining licenses is a prerequisite for implementing nuclear power plant (NPP) renovation and construction projects.

Power Machines are currently manufacturing and supplying equipment for Kalininskaya NPP Unit 4 and Beloyarskaya NPP Unit 4, and designing power equipment for Novovoronezhskaya and Leningradskaya NPP 2.

The licenses are valid until 26 July 2014.