Evropeiskaya Elektrotechnica About to Sign a RUB 500 mln Agreement on Power of Siberia
Evropeiskaya Elektrotechnica About to Sign a RUB 500 mln Agreement on Power of Siberia
PJSC Evropeiskaya Elektrotechnica is at the stage of signing an agreement on the Power of Siberia Project estimated at more than RUB 500 million with PJSC Gazprom. According to the terms of the agreement, Evropeiskaya Elektrotechnica will supply electrical equipment and transformer substations of its own production, as well as carry out installation and commissioning works.
PJSC Evropeiskaya Elektrotechnica is a leading engineering corporation in electric power supplies for the oil and gas, electric power, nuclear, and defense sectors. The company also produces electrical equipment and transformer substations. In the beginning of September, PJSC Evropeiskaya Elektrotechnica opened its stock for sale under the ticker EELT. The company s stock price has increased by 20% since the opening of stock trading.
Ilya Kalenkov, General Director of PJSC Evropeiskaya Elektrotechnica, says that the agreement negotiations are proceeding well. The parties intend to sign the agreement as soon as possible.
