The Board of Directors of Fourth Generation Company of the Wholesale Electricity Market (Open Joint-Stock Company) (OGK-4) has decided to approve the General Contract Agreement to complete the construction of Unit 3 of OGK-4's Berezovskaya GRES, which is a material transaction.
In accordance with the Agreement, the general contractor undertakes to perform construction and installation with the delivery of primary and auxiliary equipment and materials (with partial design) for PSU-800-based Unit 3 of Berezovskaya GRES, an OGK-4 branch. The general contractor is to begin its work under the Agreement not later than November 31, 2007, and complete it on December 31, 2009, at the latest.
KATEKenergoremont was selected as the preferred bidder and awarded the General Contract Agreement for construction completion related to Unit 3 of Berezovskaya GRES. The public bidding was announced by OGK-4 in June 2007 and held in the B2B-Energo Information-Analytical Trading System. The core activity of KATEKenergoremont is the installation, setup, repair, and operation of heat and electricity equipment, fuel supply and water treatment equipment, and facilities subject to boiler inspection. KATEKenergoremont employees have vast experience in the repair of all types of sophisticated power equipment at Berezovskaya GRES. KATEKenergoremont completed preparatory work at the power unit construction site.
The construction of 800-MW Unit 3 of Berezovskaya GRES was suspended in the mid-1990s. As of today, around 50% of construction is complete. The project for the construction completion related to 800-MW Unit 3 of Berezovskaya GRES is included in the OGK-4 Investment Program. It is planned to put Unit 3 into operation the 4th quarter of 2009. The project value is estimated at 14 billion rubles (including VAT) in forecast prices.