HMS Group Signs US$ 85 mn Contract for “Turn-key” Project in Turkmenistan

31.08.2012

HMS Group announces that it has signed a contract for reconstruction of 3 water-pumping stations worth US$ 85 mn with the Ministry of Water Resources of Turkmenistan.

In accordance with the contract, HMS Group will carry out all the works associated with a full reconstruction of water-pumping stations of the irrigation channel “Zakhmet-Turkmenkala” in the Mary province. These pumping stations will transmit water to the river Murgap for improving water supply to agricultural lands to the south of the river Kara-Kum.

The reconstruction represents the “turn-key” construction of new pumping stations, replacing the old ones, in the area with high seismicity at 7.0 on the Richter scale. There will be 50 specially designed-and-produced-by-HMS D12500 type pumps installed, with nominal power rate of 40 MW and capacity over 515 thousand cubic meters per hour in total. Blueprint design, production and delivery of unique pump-based integrated solutions will be completely executed by the Group’s subsidiaries, representing different business units of the company. The project is to be completed in 2014.

Kirill Molchanov, Chief Financial Officer (CFO) and co-founder of HMS Group said: “At the beginning of 2011, we completed a turn-key construction of a similar water-lift pump station at the Yylgynagyz water channel in Lebap province, having proved HMS’ capability to design and construct the demanding technical solutions for water utilities in harsh desert conditions. All equipment installed was designed and produced by HMS specifically for this project.

The signing of the follow-up contract fully corresponds to our strategy of developing export business and further strengthening the company’s market positions in Central Asia”.

Source: HMS Group

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