OREANDA-NEWS. February 20, 2008. In their memorandum signed on Feb 19 2008 the heads of the companies confirmed the necessity of creating a big national player for strengthening their positions on target sales markets.

Atomstroyexport and Technopromexport are the biggest Russian engineering companies working abroad and have common suppliers and technological approaches to design and construction of power plants.

“The establishment of a joint venture is an optimal scheme for implementing big joint energy projects. We are creating an enterprise able to effectively promote Russian technologies on prospective foreign markets,” says the deputy director of Atomenergoprom, the president of Atomstroyexport Sergey Shmatko.

“We have necessary technologies and experience of construction power plants, while our partners are experienced in building nuclear power plants abroad. This step will help us to reduce marketing costs and to avoid unnecessary competition between the companies, including on the home market,”  says the director general of Technopromexport.

Rosatom and Rostekhnologies state corporations have supported the idea.