Power Machines signed up an order with JSC Polyus Gold

JSC Kaluga Turbine Works (KTZ), branch of Power Machines, and JSC Polyus, subsidiary of JSC Polyus Gold, the largest Russian gold producer, signed a contract for supplies of power equipment.

The contract stipulates the supplies of a set of three completes of turbogenerator units П-8-3,4 of 8 MW each of KTZ production and three generators TПС-8, manufactured by JSC Leningradsky Metallichesky Zavod. The equipment is planned to be supplied in the 3rd quarter of 2009. The total price of the contract exceeds 300 million Rubles.

The equipment will be manufactured and supplied for the thermal power plant of 24 MW capacity as a part of new ore mining and processing enterprise located in Blagodatnoye deposit, the Krasnoyarsk Territory. The enterprise is planned to be put into operation in 2010.

In 2005 KTZ and Electrosila, Branch of Power Machines, supplied for JSC Polyus three similar units of smaller capacity which now supply thermal and electric power for Olympiadinsk ore mining and processing enterprise in Olympiadinsk deposit, one of the largest Russian gold deposits.

JSC Polyus Gold is the leading gold producer in Russia and the only Russian company among the world’s largest gold producers. Headquartered in Moscow, Polyus Gold’s operating mines and development/exploration projects are located in 5 major gold mining regions of Russia - Krasnoyarsk, Irkutsk, Magadan, Amur regions and the Republic of Sakha (Yakutia). In 2007 the subsidiaries of JSC Polyus Gold produced 1,2 m oz. of gold. Polyus-Krasnoyarsk business unit (ZAO Polyus) represents the group’s leading production site and currently is the largest gold mining project in Russia.