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A company from the RESBUD Group concluded further contracts for the production and sale of concrete and metal elements with a total value of approximately EUR 1,5 million.

29.12.2023

A company from the RESBUD Group concluded further contracts for the production and sale of concrete and metal elements with a total value of approximately EUR 1,5 million.

The Uzbek company Elektrqishloqqurilish JSC, owned by RESBUD SE, a company listed on the Warsaw Stock Exchange, concluded further contracts in the fourth quarter of 2023 for the supply of concrete and metal elements for the construction of traction networks on Central Asian markets. The total value of the concluded contracts is approximately EUR 1,5 million.

 

The subject of the contracts is primarily the production and delivery of reinforced concrete, reinforced concrete products and metal structures, as well as the delivery of three-sided prismatic communication poles.

Agreements were concluded with enterprises operating on the Uzbek and Tajik markets, including: with the company "Hududiy elektr tarmoqlari" AJ (Regionalne Sieci Energetyczne SA) and its regional branches. It is a joint stock company established by the President of the Republic of Uzbekistan. Its main task is to manage regional power grid enterprises and distribute and sell electricity to end users. Through 12 regional branches, 2 regional power grid companies and 224 district and municipal enterprises, the company manages transmission lines with a total length of over 270 km. km and nearly 96 thousand transformer points.

The conclusion of further agreements by our Uzbek company with key Uzbek public utility companies confirms the strong position of Elektrqishloqqurilish JSC on the domestic market. The ongoing transformation and restructuring of the company is beginning to bring tangible results. The company still has great development potential and can also offer its products and services on neighboring, equally dynamically developing markets. – said Krzysztof Długosz, President of the Management Board of RESBUD SE.

Recently, Elektrqishloqqurilish JSC received references from "O'Zbekiston Milliy Elektr Tarmoqlari" AJ ("National Electricity Grids of Uzbekistan") for the construction of power lines and substations with a voltage of 110-500 kV, which confirm the highest quality of services provided by the company.

 

About the company Elektrqishloqqurilish JSC

On September 6, 2023, RESBUD SE and its subsidiary Conpol Sp. z o. o. signed
with Uralska Energetyczny-Budowlana Spółka Akcyjna (“UESK AO”) an agreement to purchase 100% of shares in two companies: Grid Solutions Sp. z o. o. and United Grid Solutions Sp. z o. o., owning directly 58,41 percent. shares of Elektrqishloqqurilish JSC.

Elektrqishloqqurilish JSC is a company operating in the electricity sector, engaged in the production, construction, installation and modernization of power lines (PTL) and construction of power substations in the Republic of Uzbekistan. Elektrqishloqqurilish JSC is considered one of the leading contractors of power grid facilities in Central Asia - it has performed power engineering works for such manufacturing companies as: Hyundai Engineering, Eriell, Hengyuan Group Co. Ltd. or Lukoil. The company's assets include the Namangan Iron Structures Factory, the Kuvasoy Concrete Products Factory, the Tashkent Technological Devices Production Plant and other assets.

RESBUD SE

RESBUD SE is a modern, dynamically developing European holding, operating in the construction, power and civil engineering markets as well as supplies of materials for the construction and energy sectors, listed on the Warsaw Stock Exchange since 2007. It combines a modern approach to business with 70 years of experience in the construction industry. The companies included in his investment portfolio (Conpol Sp. z o. o., Uniwersim Sp. z o. o. and Elektrqishloqqurilish JSC based in Tashkent - through the companies: Grid Solutions LLC and United Grid Solutions LLC), deal primarily with: construction of civil engineering facilities in road and railway routes, erection of reinforced concrete structures, construction works, civil engineering, production of bitumen and concrete, production, construction, installation and modernization of power lines and construction of energy substations, as well as the supply of materials and equipment for large infrastructure investments.

 

Contact for media: media@resbud.pl

IR contact: ir@resbud.pl

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