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Russia's ASE and Almaz-Antey cooperate

Tuesday, 4 September 2007

Russian companies AtomStroyExport (ASE)and PVO Almaz-Antey signed a memorandum of cooperation on 29 August onthe construction of electricity generation facilities, includingnuclear power plants. Under the agreement, the two companies will"combine the advantages of each company for the joint implementation ofinvestment projects in power engineering". ASE said it seeks to promoteRussian nuclear power projects both domestically and abroad bysupporting and involving highly-developed enterprises in the defenceindustry. Almaz-Antey is Russia's primary producer of air-defenceweapons, but its enterprises are involved in the manufacture of "largedimension equipment" for nuclear power plants. It aims to develop itsenterprises by enhancing its technical competences in the powerengineering sector.

Russian companies AtomStroyExport (ASE) and PVO Almaz-Antey signed a memorandum of cooperation on 29 August on the construction of electricity generation facilities, including nuclear power plants. Under the agreement, the two companies will "combine the advantages of each company for the joint implementation of investment projects in power engineering". ASE said it seeks to promote Russian nuclear power projects both domestically and abroad by supporting and involving highly-developed enterprises in the defence industry. Almaz-Antey is Russia's primary producer of air-defence weapons, but its enterprises are involved in the manufacture of "large dimension equipment" for nuclear power plants. It aims to develop its enterprises by enhancing its technical competences in the power engineering sector.

Further information

AtomStroyExport
PVO Almaz-Antey

WNA's Nuclear Power in Russia information paper

WNN: Russia aims for 20% of construction market