PRESS RELEASE

Under terms of the agreement, Ural Turbine Works will take part in the modernization of three Т-100 turbines and one ПТ-135 turbine at objects of CAEPCO JSC. A total cost of modernization is 11.7 billion KZT. Yerkyn Amirkhanov, President of CAEPCO JSC, and Mikhail Lifshitz, Chairman of Board of Directors of Ural Turbine Works CJSC (ROTEC holding company that is included in the Renova Group of Companies) have affixed their signatures to the document.

As a practice of cooperation between Russian mechanical engineers and Kazakhstani power engineers shows, costs for modernization of each turbine are approximately 2 times lower, than in case of construction of a new power generating unit (on the basis of generation of 1KW of energy). At that, key performance characteristics of equipment such as efficiency, capacity, and specific fuel consumption are improved. 

 "Kazakhstan is one of the most important markets for us. The electric power industry modernization program, which is the most effective in the post-Soviet territory, has being implemented here for years. The program allows us together with our Kazakhstani colleagues not only to develop effective solutions on capacities renovation, but also to apply them. And such work concerns both turbines, and ancillary equipment. I hope that the next joint step – introduction of industrial internet technologies, in point of fact – a cybernation of CAEPCO generating capacities – will be no less successful. And, as a consequence, there will be a transfer from equipment preventive repair to repair as required. I wish to accentuate that work with our Kazakhstani partners is honorable and interesting for us at the same time", – has noted Mikhail Lifshitz, Chairman of Board of Directors of Ural Turbine Works CJSC.

Additional Information:

ROTEC JSC (www.zaorotec.ru) is an industrial holding. It specializes in servicing of gas and steam turbines, manufacturing, supply, diagnostics and monitoring of power generation equipment, engineering, construction and general contractor services. It has been developing a number of high-tech projects in various segments of industry, including power plant engineering, automotive industry and aircraft engine building. The principal stockholder of ROTEC is Renova Group.