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12:36
UKRAINE TO BEGIN DELIVERING ENERGY EQUIPMENT TO IRAN IN AUG

Kyiv, August 5 (Interfax-Ukraine) - Ukraine's state-owned Zorya-Mashproekt, a gas turbine design complex from Mykolaiv, will begin delivering power engineering equipment to Iran Power Plant Project Management (MAPNA) in August, a spokesman for the Ukrainian concern told Interfax.

The five-year contract covers delivery of 58 turbocompressors totaling EUR172.5 million. Zorya-Mashproekt won the contract at a tender in 2008.

The two companies have signed a framework agreement on delivery of 42 turbogenerators rated at 25 megawatts each and worth a total of EUR150 million. The Ukrainian concern has already begun purchasing materials and components under the order, the spokesman said.

Zorya-Mashproekt also has a contract concluded in 2007 on delivery of power equipment for Iran's IGAT-7 gas pipeline now under construction.

Zorya-Mashproekt designs and manufactures gas turbine equipment. It exports virtually all output. The leading destinations are Russia, Belarus, Iran, Singapore, India and China. Orders from Iran account for 16% of the order portfolio.

Sales rose 52% to UAH 1.27 billion in 2008 and net profit increased 60.2% to UAH 141 million.

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