Friday, January 29, 2016

Turboatom signs memo of cooperation with China Dongfang Electric Machinery

PJSC "Turboatom" and the company "Dongfang Electric-cars" (China) January 28, 2016 signed a protocol on cooperation. The document provides for joint marketing activities for the supply of turbines "Turboatom" for nuclear power plants, thermal power plants and hydropower plants in China and third countries.

The possibility of supply generators of high power (1000 MW or more) production ", Dongfang Electrical Machinery" and other equipment machine room, are not produced in Ukraine for the new units №3 and №4 of Khmelnitsky nuclear power plant.


Turboatom (Kharkiv), Ukraine's largest producer of turbine equipment, in 2015 saw a net profit of UAH 1.7 billion, which is 2.7 times higher than in 2014.

According to information on the website of the company, with reference to Director General Viktor Subotin, the company's sales last year amounted to UAH 2.8 billion that is equivalent to 4,000 kW of the installed capacity of shipped produce.

The report notes that these figures are the best for all the years of the enterprise's work.

As reported, in January-September 2015 Turboatom posted a net profit of UAH 1.288 billion, which is 56.5% more than in January-September 2014, its net income increased by 35%, to UAH 2.077 billion.

According to Turboatom, last year it produced and shipped to customers three steam turbines, two condensers, six driving wheels and four guide vanes of water turbines.

Over the year, eight steam and ten hydraulic turbines with a total capacity of 3.206 million kWh produced by Turboatom were put into operation at power plants.

Among the major events of 2015 Turboatom noted the signing of a contract with Paks NPP (Hungary) for more than $30 million, with Inkla Trading and Engineering GmbH (Austria) to supply power equipment for the reconstruction of Kozloduy NPP in Bulgaria, as well as an agreement with Holtec International (the United States) on the joint production of a repository for spent nuclear fuel in the Chornobyl zone.

In addition, as part of the program of import substitution, the company mastered a new kind of products and in September 2015 shipped the first batch of titanium blades for steam turbines to replace worn-out equipment of Russian production at five power units at Ukrainian nuclear power plants. Turboatom undertook the maintenance of these turbines, which previously was made by the manufacturer plant.

In addition, the plant has fully manufactured and shipped equipment to complete the first phase of construction of Dnistrovska hydroelectric pumped storage power plant.

According to the press service, over five years Turboatom had held a deep modernization of production, investing about $70 million, including UAH 64.2 million last year. As part of technical re-equipment, the company upgraded and overhauled ten units of the major production equipment and acquired 20 units.





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