Motor Sich To Create JV To Assemble Electric Power Stations In Russia

The Russian government will place the first order for 40 stations. The JV will conduct 15% of its operations, including repair and maintenance. The remainder will be made by Motor Sich. Concorde Capital: The plans will allow the enterprise to further increase its share of exports in sales, which make up over 82% of total revenues. Earlier, Motor Sich’s CEO expressed concern over the possible worsening of relations with Russia after the new president was elected. Increased output diversification is a good sign for the enterprise, as its airplanes engine segment is dependent on the orders for new An-148 airplanes, and government financing for An-70 planes.