Energokomplekt OOO, a subsidiary of RESBUD SE, signed a contract worth over EUR 63 million

Energokomplekt OOO, a subsidiary of RESBUD SE, signed a contract worth over EUR 63 million

Energokomplekt OOO, a subsidiary of RESBUD SE listed on Warsaw Stock Exchange, signed a significant contract with Ural Power Engineering Construction Company AO („UPECC”). The subject of the contract, worth RUB 5.5 billion (about EUR 63.7 million), 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 means that Energokomplekt OOO will be the main supplier of UPECC in this period. At the same time it is one of the largest contracts that Energokomplekt OOO has obtained in recent years.

The company Ural Power Engineering Construction Company AO is the largest building high-voltage power lines together with electrical substations private company in Russia. The company has modern equipment and machinery at its disposal, which are used for the construction of numerous projects carried out on the territory of the Russian Federation – from the Pacific Ocean to the Central Federal District.
In the context of the signed contract with UPECC, Energokomplekt OOO will supply power equipment and installation materials for this equipment for investments implemented by the contractor in 2021-2022.

The contract obtained is one of the largest in the history of the company and amounts to RUB 5.5 billion, which is about EUR 63.7 million. Energokomplekt OOO is currently supplying equipment, materials and devices 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).

– The process of development of our Group is carried out in accordance with our assumptions, which we adopted at the beginning of 2021. The best example is Energokomplekt OOO, which is gaining more and more prestigious contracts every quarter, becoming the key foundation of the RESBUD SE holding. One of our long-term goals is to become a comprehensive supplier and a significant contractor in construction contracts in Russia and Central and Eastern Europe – says Krzysztof Długosz, President of the Management Board at RESBUD SE.

This is another contract signed by Energokomplekt OOO this year. Previously, the company concluded three contracts for the supply of equipment for investments carried out by the company PT- Engineering AO. The total value of these contracts is approximately EUR 3,803,056.52. The company will also execute three contracts with „Kompleksnyje projekty w ekologii i energetike” OOO: two involving the supply of thermo-mechanical equipment, with a total value of approximately EUR 2,750,000, and a contract for the supply of sewage equipment for investments implemented by this contractor, with a total value of approximately EUR 6,894,000.

Energokomplekt OOO is a contractor in energy and construction projects and a trading company based in Ekaterinburg, which is a comprehensive operator of supplies of equipment, materials, construction chemicals and specialized devices for large energy, hydraulic engineering and infrastructure investments. Its clients include the largest construction companies in Russia and several CIS countries. The company also operates in several foreign markets – from Poland and Estonia to the Far East.

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.