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Energokomplekt OOO, a subsidiary of RESBUD SE, signed a contract, worth almost EUR 16.5 million, for comprehensive delivery of power equipment and installation materials

30.08.2021

Energokomplekt OOO, a subsidiary of RESBUD SE, signed a contract, worth almost EUR 16.5 million, for comprehensive delivery of power equipment and installation materials

Energokomplekt OOO, a subsidiary of RESBUD SE (company listed on Warsaw Stock Exchange), signed a significant contract with АО "Электроуралмонтаж" ("Elektrouralmontazh" АО JSC) on August 26, 2021. The subject of the contract, worth RUB 1,424,894,000, which is EUR 16,443,277, is the supply of power equipment and installation materials for this equipment for investments carried out by the contractor over the years 2021-2022. This is another major contract acquired by the subsidiary of RESBUD SE this year. In August 2021 Energokomplekt OOO signed an agreement with Ural Power Engineering Construction Company AO (“UPECC”) worth approximately EUR 63.7 million.

"Elektrouralmontazh" АО JSC is a company in Russia, operating in the field of power engineering since 1968. The enterprise executes contracts in the Chelyabinsk, Sverdlovsk, Moscow and Omsk regions, as well as in the Republic of Bashkortostan and Perm Krai, thanks to many years of experience in the performance of installation and commissioning works at large industrial plants and power generation facilities. The company also offers general contracting, design and surveying works.

Energokomplekt OOO will supply “Elektrouralmontazh” АО JSC with power equipment and installation materials for this equipment for investments implemented by the contractor in 2021-2022. The obtained contract, worth almost EUR 16.5 million, is another project that the company will implement as part of the Group's portfolio development and business expansion in Russia and Central and Eastern Europe.

- The new contract signed by Energokomplekt OOO reflects the adopted strategy by the holding to develop our subsidiaries in 2021. We want to fully use the potential and experience of the companies we acquired, which in the future will lead into obtaining larger and more prestigious contracts and Ultimately allow us to become a comprehensive supplier and a major contractor in construction contracts in Russia and Central and Eastern Europe – says Krzysztof Długosz, President of Management Board at RESBUD SE.

This is another contract signed by Energokomplekt OOO this year. In July 2021 the company signed one of the largest contracts in the history of its operations – with “Ural Power Engineering Construction Company” AO worth RUB 5.5 billion, which is approximately EUR 63.7 million. The RESBUD SE subsidiary will be the main supplier of power equipment and installation materials for UPECC in 2021-2022. Currently, Energokomplekt OOO also supplies equipment, materials and facilities to UPECC for the construction of the largest hydrological investment in the city of Komsomolsk-on-Amur (construction of flood protection embankments on the Amur River).

Since 4 February this year, RESBUD SE holds 100% shares in Energokomplekt OOO (87.8% directly and 12.2% indirectly). Energokomplekt OOO generated revenues of PLN 185 million in 2019, generating almost PLN 11 million profit.

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