Thursday, October 13 2016 18:30

Rosatom`s United Corporation for Innovation LLC and the Indian Agricultural Association sign an agreement on the development of a network of integrated infrastructure centers for radiation treatment

ArmInfo. October 13, New Delhi, India - On October 13, 2016, on the sidelines of the BRICS Business Forum in New Delhi, the United Innovation Corporation (UIC), a subsidiary of ROSATOM State Atomic Energy Corporation, and the Indian Agricultural Association HINDUSTAN AGRO CO-OP LIMITED signed an Agreement on cooperation in the development of a network of integrated infrastructure irradiation centers.

On behalf of Russia, the document was signed by CEO of the United Innovation Corporation Denis Cherednichenko, and on behalf of India - by the chairman of HINDUSTAN AGRO CO-OP LIMITED Bharat Dhokane Pandurang.

The project contemplates stepwise establishment and development of the network of integrated infrastructure irradiation centers in India managed by a Russian-Indian joint venture.

"Radiation treatment of food products is one of various applications of state-of-the-art radiation technologies offered by ROSATOM to its foreign partners. The use of this technology will make it possible to reduce the loss of onions in India, which currently go bad because of germination and inadequate storage, by 42,000 tons per year on average, as well as to reduce grain losses from 15% to 3-5% per year," said Denis Cherednichenko.

According to him, radiation technologies are widespread throughout the world.

"As of today, 22 countries, including the UK, France, Germany, Finland, Japan, China, the Republic of Korea and India, are using about 515 radiation plants based on Russian technologies," he emphasized. 

"Russia has a wide experience in this field; it has also been our reliable partner for a long time, and we hope that this project will not only make us closer to the solution of global problems in the sphere of sustainable development, but will also help India to become a center of radiation technologies in the Asian region," added the chairman of HINDUSTAN AGRO CO-OP LIMITED Bharat Dhokane Pandurang.

The first stage includes construction and commissioning of 7 radiation treatment centers in India. Within the framework of bilateral cooperation, it is considered acceptable to extend a network of integrated infrastructure irradiation centers in the UAE, the Republic of Mauritius and Malaysia. Iradiation doses are recommended by the IAEA and the final product is absolutely safe. Irradiation does not reduce the nutritional value of food products and does not change their organoleptic properties and appearance.  

 

About UIC LLC

United Innovation Corporation LLC (UIC LLC) started working in 2011 as a 100% subsidiary of ROSATOM State Atomic Energy Corporation.

As of today, UIC works in three socially important hi-tech fields:

nuclear medicine: integration of special-purpose equipment made by ROSATOM enterprises, production of medical isotopes and  radiopharmaceuticals, as well as integrated solutions for establishment of medical centers for providing nuclear medicine services.

multifunctional centers for radiation treatment: integrated solutions for establishment of multifunctional centers for radiation treatment and sterilization of various products and materials, as well as integrated supplies of radiation equipment for various radiation-treatment centers.

environmental protection: management and handling of hazardous medical and solid domestic waste, integrated solution of water treatment tasks and other possible applications of radiation technologies.

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ISIN AMGB1029A250
Auction ID AMGB1029A250A
Date 12.05.2017
Issue date 29.10.2015
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
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200 000

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