HMS Group Wins International Competitive Bidding for EUR 18 MN Contract

07.09.2012

HMS Group announces that it has been awarded the international competitive bidding held by China Nuclear Energy Industry Corporation on behalf of Jiangsu Nuclear Power Corporation with the total СIF bid price of EUR 18mn ($22.5mn).

In accordance with the bidding terms, HMS shall sign a direct contract with Jiangsu Nuclear Power Corporation for production and delivery of high/low pressure emergency injection pumps driven by electrical motor, spray water pumps and intermediate cooling water pumps for Units 3&4 of Jiangsu Tianwan Nuclear Power Plant (JTNPP) located in China.

Launched in 2007, The JTNPP is so far one of the largest industrial projects between China and Russia, and was listed among the “Key Nuclear Power Projects” in China’s “Ninth Five-Year Plan Program”. Previously, HMS supplied a set of engineered pumps for the Units 1&2 of the JTNPP.

The pump systems produced by HMS Group for nuclear power industry were installed on a number of Russian and overseas power plants, including Rostov, Kursk, Leningrad power stations, Tianwan (China) and Kudankulam (India).

Artem Molchanov, CEO of HMS Group commented: “I’m pleased to say that we continue our steady international expansion in the target overseas markets. Winning the international bidding for a direct contract with Jiangsu Nuclear Power Corporation demonstrates our proven track record and competitiveness in the technologically demanding areas with the strict safety requirements.”

Source: HMS Group

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