Made in Russia

All regions
ENG
innovations

A subsidiary of Rosatom opened a facility in Hungary

28
A subsidiary of Rosatom opened a facility in Hungary

Companies Rusatom Services and MVM Group established a joint organization in Hungary called European Power Services Ltd, which will provide services in the region in the areas of nuclear and conventional energy, as well as in the field of renewable sources and the oil and gas industry.
The registered company will carry out the task of combining scientific and production resources of the companies owned by the State Atomic Energy Corporation ROSATOM with local engineering and applied competences of the foreign partner.
This will enable the companies to service equipment and facilities in the energy sector with the highest efficiency. Also the new activity will lead to the increase of business presence in the competitive market of Europe.
It is worth noting that Hungary and Russia are the founders and shareholders of the new entity on a parity basis, but at the same time in terms of corporate consolidation European Power Services Ltd. is part of the MVM Group and is resident in Hungary.
Recall that Rusatom Services is part of the electric power division of Rosatom State Corporation. The domestic enterprise provides all services and supplies necessary for maintenance and repair to foreign nuclear power plants with water-water power reactors. The organisation operates in almost all states where there are operating NPPs with such reactors, including China, Iran, Bulgaria and Armenia.




Made in Russia // Made in Russia.

Author: Ksenia Gustova

0