OREANDA-NEWS. Starting from January 1, 2009 electric power from the wholesale market will be supplied to AVISMA by JSC Industrial Power Engineering which became the winner of the closed bid for power supply in 2009, reported the press-centre of VSMPO-AVISMA.

The closed bid for power supply was held in October 2008 in order to optimize and improve efficiency of power supply to AVISMA-Affiliate of PSC VSMPO-AVISMA Corporation in 2009.

Having considered the submitted tender documentation the committee determined the winning bidder – JSC Industrial Power Engineering, which suggested the most favorable economic conditions. Notices on the bid results were forwarded to the current supplier – JSC Power Marketing Company “Vostok” as well as other participants of electric power market: Ural MES – an affiliate of JSC FSK EES, Closed JSC KES, Permenergo – an affiliate of Ural MRSK and JSC Pernenergosbyt.

PSC VSMPO-AVISMA Corporation in 2006 signed an agreement with the power marketing company “Vostok” valid till December 31, 2008. Starting from January 1, 2009 electric power will be supplied by JSC Industrial Power Engineering.

Starting from January 01, 2008 JSC Industrial Power Engineering will be a power marketing company for PSC VSMPO-AVISMA Corporation supplying electric power to the industrial site in Verkhnaya Salda.

JSC Industrial Power Engineering has been existing since June 2006. The Company was created to optimize power supplies to the RF companies of defense industry. It supplies electric power to industrial companies and provides auditing services in power industry, as well as services related to development and implementation of integrated power saving programs.

AVISMA – Affiliate of PSC VSMPO-AVISMA Corporation is one of the largest electric power consumers in Perm region. AVISMA is one of the most power consuming companies, it accounts for 9% of the total quantity of electric power consumed by Perm region industry.

AVISMA produces titanium sponge which is further used at PSC VSMPO-AVISMA Corporation in Verkhnaya Salda for manufacture of value-added products – sheet, section, forging, die forging, etc. Up to 80% of these titanium products are exported.

PSC VSMPO-AVISMA Corporation – is the world largest producer of titanium products primarily for airspace applications. Its affiliates are linked within a single process chain; about 20 thousand people are working there. VSMPO-AVISMA Corporation occupies the largest sector of about 30% in the global titanium sponge manufacture.