Tuesday, February 21 2017 14:14
Alexandr Avanesov

"EKRA Caucasus" to build a relaying equipment manufacturer in Armenia

"EKRA Caucasus" to build a relaying equipment manufacturer in Armenia

ArmInfo. Scientific "EKRA  Caucasus" company will build a relaying manufacturer in Armenia. The  memorandum on cooperation between the company and the Armenian  Ministry of Economic Development and Investment was signed on  February 21.  

According to Ministry's press service, during the meeting with  Armenian Minister of Economic Development and Investment Suren  Karayan, the head of the company Arman Esayan noted that by the end  of the year, 70 new jobs will be created in the framework of the  project. The investment in the project will total over $1mln. The  company attends to produce 250 relay layers yearly, which will be  used in power industry. According to Arman Esayan, the investors are  planning to enlarge the production volume in Armenia. The company's  products will export to Russia and to Iran.  

Suran Karayan, greeting the investment initiative, noted that as the  result of the project the local product will replace the similar  products from abroad in the power sector of the state. The Minister  expressed hope that the scientific and technological potential of the  republic will be used to carry out the project. The modernization of  the power sector of Armenia is included in the memorandum.      

Russian EKRA Research and Production Enterprise Ltd carry research  and development activities, project execution, chef commissioning of  equipment at the facility, training, warranty and after-sales  service. The enterprise manufactures: microprocessor-based protective  relaying and control cubicles for 6 - 1200 MW power stations and 6 -  750 kV substations; emergency control cubicles; Automatic Process  Control for substations; operating DC voltage systems; 0.4 kV local  distribution boards; non-standard low voltage complete devices; soft  start and speed control systems for high-voltage electric motors with  3, 6, 10, 15 kV voltage; frequency transformers; digital static  thyristor exciters; high-frequency communication cubicles.

"EKRA" Ltd is the parent company of the Group companies EKRA,  combining regional dealerships and service centers which design and  engineering organizations for operational interaction with customers  and solve complex problems in the power from modification to delivery  of power object in "turnkey".

To note, in Soviet times (1972), relay layer production was  established in Armenia. But, as the Yerevan Relay factory Directo  Viktor Eghiazaryan told ArmInfo, currently, the company is inactive,  and its premises are rented. "With regard to the possibility of  creating a new venture, no one has addressed us with such a  proposal", noted the director of the company. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

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200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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