Moscow, 18 December 2008. Under the contract, Technopromexport will build the main building, supply and install equipment and provide pre-commissioning and commissioning services and personnel training. The project is scheduled to be completed in December 2010.

The contract is divided into two parts. The first part covers work and equipment supply to be provided by the prime contractor (Technopromexport), the second includes the equipment and complementary services to be procured by the prime contractor from the supplier designated by the investor. The cost of the work, equipment and complementary services under the first part of the contract will be RUR 8.9 billion, with the total contract value coming to RUR 14.5 billion inclusive of VAT.

The contract scope does not cover design, engineering of foundations for the main building, engineering of gas pipeline spur, construction of gas booster station or engineering of power distribution scheme.

Kaliningradskaya TETs-2 power station is a familiar facility for Technopromexport because the company served as technical adviser for the construction of the station's first power-generating unit. Thanks to the system of cost and work quality management used by Technopromexport experts during the construction of the first power-generating unit, considerable economies were achieved and the power station was put into operation ahead of schedule.

The Technopromexport company has extensive experience in implementing projects to build electric power stations using combined gas-steam cycle. Technopromexport built and put into commission two 450 MW units of Severo-Zapadnaya TETs (controlled by INTER RAO UES) in St Petersburg, the first 325 MW unit of Ivanovskiye PGU (also controlled by INTER RAO UES), phase two of Mezhdunarodnaya TETs in Moscow, supplied and put into commission gas turbines for Sochinskaya TETs, and implemented the project to deploy 10 mobile gas turbine electric power plants in the Moscow region to meet peak demand.

At present Technopromexport is building on a turnkey basis the second 325 MW unit of Ivanovskiye PGU in the town of Komsomolsk in Ivanovo Region, the first 121 MW unit of Mezhdunarodnaya TETs in the city of Moscow, the PGU-450 combined-cycle unit of Yuzhnaya TETs in St Petersburg, and a 240 MW PGU unit of Sisak power plant in Croatia.

The Technopromexport company was set up in 1955 and is active construction of power generation assets, including hydraulic, thermal and geothermal facilities, power lines and substations. The total installed capacity of power-generating facilities put into operation with the company's involvement in 50 countries all over the world is over 86 million kW.