print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  Nizhnekamskneftekhim REGISTER LOG IN

Press Releases > Nizhnekamskneftekhim  all about the company

company search
all press releases
all Nizhnekamskneftekhim press releases

Nizhnekamskneftekhim

October 16, 2003

Top executives of Nizhnekamskneftekhim Inc and “TATENERGO” signed a protocol for upgrading Nizhnekamsk Thermal Power Station # 1 (TPS-1)

Somewhat dragging debates on TPS-1 upgrading are gradually switching over to practical realization.

One of these days, top executives of NIZHNEKAMSKNEFTEKHIM INC and “TATENERGO” signed a protocol for joint TPS-1 upgrading with “Teploelektroproyekt” Institute of Nizhny Novgorod participating. The Parties agreed on the very fundamental issues calling basically for signing between NIZHNEKAMSKNEFTEKHIM INC and “TATENERGO” an Agreement on investment stages and amounts for joint TPS-1 upgrading; establishing a separate legal entity of TPS-1 as a public corporation. It might be unavoidable that other companies interested in obtaining heat and electrical energy on selves-advantageous basis will share in implementing the project.

Management of Nizhnekamskneftekhim Inc assured of investing in TPS-1 upgrading on self-beneficial basis. It is going to finance procurement of new generation gas-turbine units.

According to V. Busygin, General Director of Nizhnekamskneftekhim Inc, in a situation of continuous rise of electric and heat energy rates as well as natural gas prices a joint project is of grand value for the Company. If today 1000 m 3 of gas costs USD 30, in future that figure will grow to 80. The economics of Nizhnekamskneftekhim Inc can be satisfied only by being provided with guaranteed heat.

Press Service NKNK Inc

 

Nizhnekamskneftekhim Inc. @ 2003

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer