31 March, 2021

JSC Machine-Building Factory of Podolsk (ZiO JSC) signed a memorandum of cooperation with the state agency for promotion and protection of investments under the Ministry of Economy and Finance of the Kyrgyz Republic.

During the official visit to JSC Machine-Building Factory of Podolsk and a subsidiary production enterprise JSC Kashirsky Plant of Metal Structures and Boiler Building, on March 29, 2021, a delegation from the Kyrgyz Republic with the assistance of the Ambassador Extraordinary and Plenipotentiary of the Kyrgyz Republic in the Russian Federation Gulnara-Clara Samat and with the active participation of Almambet Nasyrkanovich Shykmamatov, Director of the State Agency for Promotion and Protection of Investments under the Ministry of Economy and Finance of the Kyrgyz Republic, held negotiations with the management of ZiO Group of Companies headed by the Chairman of the Board of Directors of ZiO JSC Mr. KorobovskyNikolai Vladimirovich and General Director of ZiO JSC Mr. Danilenko Viktor Georgievich.

Based on the negotiation results, Mr. N. Korobovsky and Mr. A. Shykmamatov signed a protocol of the meeting and a memorandum of mutually beneficial cooperation in order to promote projects for construction of thermal power plants at the Kara-Keche and Bel-Alma coal deposits area in the Kyrgyz Republic (5 power units of 330 MW each), modernization of operating TPPs (TPP in Bishkek town and Osh township), development of small hydropower plants, renewable energy sources (combined-cycle plants), as well as the construction of combined cycle gas turbine units (CCGT). In accordance with the agreements, ZiO Group of Companies, on the basis of the draft terms of reference, will develop comprehensive proposals for the construction of TPPs, and will also submit proposals for cooperation in the field of agriculture in terms of creating greenhouses and organizing logistics centers in the territory of the Kyrgyz Republic.

JSC Machine-Building Factory of Podolsk (the ultimate beneficiary of ZiO Group of Companies) traces its history back to 1919. Today ZiO Group of Companies holds leading positions in the Russian market of boiler plants manufacture for TPPs from 300 to 800 MW and is able to offer the entire cycle of works - from preliminary engineering studies to manufacturing, delivery, installation, acceptance tests of boiler island equipment or the construction of turnkey power facilities. The structure of assets of ZiO Group of Companies, also includes the Research and Production Complex OilGazMash, design institutes ZiO-COTES, ENNOVA, production sites - Kashirsky Plant of Metal Structures and Boiler Building, Krasnoyarsk Boiler-building Plant, Atommashcomplex.