Turboatom To Deliver Turbines to Kazakh Energy Producer
2 October 2008
Turboatom (TATM: U/R), Ukraine’s largest turbine manufacturer, announced that it has signed a cooperation agreement with Euro-Asian Energy Corporation, the main electricity producer in Kazakhstan. By the end of 2008, Turboatom will supply 2 325MW turbines to thermal power plant Asku for blocks #2 and #5. Thereafter, Turboatom will produce four more turbines with 325 MW at a rate of one per year to the Kazakh plant. Inna Perepelytsya: We estimate this new deal will bring in USD 84 mln over 2007-2012 to Turboatom’s order book. The company’s total sales in 2006 were USD 52 mln.
