Sunday, March 29, 2015

“Rossetti” and “Rostec” create a joint venture – RBC

The Director-General of the State Corporation” Russian Technologies “Chemezov

Photo: RIA Novosti

of “Rossetti” and corporation “Rostec” plan to create a joint venture, which will be responsible for new construction within the investment networks. On it informs “Interfax” referring to the press service of the network holding. The new company will be called “Technical Customer Center” (TSTZ).

The question of establishing a joint venture on Monday, March 30, the Board of Directors will consider the “Rossetti”. As expected, the company consolidates the functions of the customer design and construction of power grid facilities. It will be responsible for the selection of contractors on a competitive basis for the design, supply of materials, construction and installation work, as well as registration of land relations.

According to the newspaper “Kommersant”, the idea of ​​creating TSTZ to reduce the share of foreign equipment purchased leaders “Rossetti” and “Rostec” Oleg Chemezov Budargin and in February submitted to Russian President Vladimir Putin. February 20th Head of State put the resolution “agree” and 20 March, the representatives of Russia in the Board of Directors “Rosset” received a directive to vote for the creation of TSTZ with share holding not less than 50% plus one share.

With reference to the “Rossetti “edition writes that the new joint venture will sell its investment subsidiaries of the holding. In a letter to Putin said that the new structure will ensure “the implementation of the total volume of new construction” since 2016. The effectiveness of the subsidiaries will increase due to the “liberation of personnel from investing activities”. Source publications claim that TSTZ claims to control over the entire investment program, which is expected to reach 976.3 billion rubles. in 2015-2019 years.

It is assumed that TSTZ will conclude with enterprises’ Rostec “long-term contracts to supply equipment that will allow them to form a production program and carry out re-explained in” Rostec. ”

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