OREANDA-NEWS. April 27, 2010. Nikolay Shvets, Director General of OAO Holding IDGC, and Sergey Kogoghin, Director General of OJSC KAMAZ put their signatures to the document. The ceremony took place in the central office of OAO Holding IDGC in Moscow.

The agreement will provide for ample opportunities of development of the Russian electricity network, and also help realize innovation projects for development, production and export of high technology automobile products.

The main areas of the parties’ cooperation within the bounds of this agreement are development of service and other infrastructures securing effective and robust performance of equipment produced by OJSC KAMAZ which is exploited by associated companies of Holding IDGC, and also diversification of products delivered by KAMAZ to the domestic and foreign markets.

Over 900 vehicles, chassis, units of special and other equipment produced by OJSC KAMAZ are operated in 11 companies of Holding IDGC all across Russia. These are lift trucks with different hoisting heights, crane-manipulators, tank trucks, crane-boring machines, electronic laboratories, concrete trucks, dump trucks, emergency repair trucks, and other automobile and special equipment. About 200 units of such equipment must be replaced within 2010-2012. The estimated original cost of vehicles produced by OJSC KAMAZ for these three years makes about 407 million roubles (without VAT, at prices of 2010).

Within the bounds of the signed agreement the parties will develop plans of combined actions for replacement of the truck and technological transport fleet of the associated companies of OAO Holding IDGC, human resource development for the companies of the holding in the sphere of service and repair of vehicles. The measures for suppression of turnover of counterfeit and adulterated products sold to the associated companies of OAO Holding IDGC will be carried out in coordination.

Through its corporate management structures OAO Holding IDGC will further the measures for replacement and modernization of motor transport of the associated companies engaged in the engineering process, transportation of the staff and various goods. OAO Holding IDGC will act as an organizer of development and a coordinator of comprehensive programs of motor transport development and modernization of the transport fleet of its companies controlling the course of execution of orders of the associated companies for delivery of vehicles, chassis, special and other equipment produced by OJSC KAMAZ.

For its part OJSC KAMAZ will create necessary conditions providing the associated companies of OAO Holding IDGC with reliable vehicles, high quality spare parts and units, and also repair and maintenance services, including services through the brand network of service centers of OJSC KAMAZ. Operational tests of new models of equipment produced by KAMAZ will be carried out with the concurrence with the associated companies of OAO Holding IDGC. The partners will take measures aimed at replacement of vehicles of the companies of OAO Holding IDGC, will concider suggestions of motor transport subdivisions of the associated companies in the sphere of exploitation and quality improvement of equipment produced by the auto plant.

According to Nikolay Shvets, Director General of OAO Holding IDGC, the signed agreement “opens up possibilities of mutually advantageous cooperation in the sphere of development of new special equipment models on KAMAZ chassis for the distributive electricity network complex of Holding IDGC, demand making and guaranteed production distribution of the leading domestic enterprise in such a capacious and high technology segment of the Russian economy as power industry.”

Nikolay Shvets emphasized, “OJSC KAMAZ is our reliable, time-proved partner cooperation with which contributes to development of the distributive electricity network complex in areas relating with improvement of reliability and quality of rendered services, system safety. Automobile and special equipment delivered by OJSC KAMAZ promotes uninterrupted power supply for customers; helps IDGC meet quaranteed quality standards of customer services. The signed agreement will give impetus to new joint programs and projects aimed at development of the domestic electricity network complex, will promote improvement of quality and expansion of a range of vehicles produced by OJSC KAMAZ which proved to be excellent not only in Russia, but also in many countries of the world.”

“The agreement on cooperation with Holding IDGC,” said Sergey Kogoghin, Director General of OJSC KAMAZ, “adds new colours to the image of KAMAZ as the principal and reliable supplier of automotive equipment for all economic sectors and a guarantor of transport security in Russia. It provides for joint realization of important investment projects and an extensive range of measures from which not only IDGC and KAMAZ, but also the whole economy of Russia will benefit – due to this cooperation it will receive high technology, efficient and reliable KAMAZ vehicles.”

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OAO Interregional Distribution Grid Companies Holding owns shares in 11 subsidiaries which transmit and distribute electric energy, connect customers to networks. The infrastructure system of the holding secures functioning of enterprises producing about 80% of the country’s national produce, power almost 123 million Russian people in 69 regions.

The enterprises of IDGC transmit up to 2 billion kilowatt-hours of electric energy a day through their networks. Almost half a million substations and over 2 million kilometers of power lines transmit and distribute energy. OAO Holding IDGC takes the first place in the world in the length of power and cable lines.

OJSC KAMAZ is the leader of the Russian market, takes the 11th place among the largest global truck producers. KAMAZ vehicles are operated in more than 80 countries. Ten years running (1999-2008) KAMAZ became the best exporter of Russia in automotive industry. OJSC KAMAZ is a company widely integrated into the international automotive business. Four joint ventures with the participation of the leading global auto component producers were set up: ZF KAMA (gearboxes), CUMMINS KAMA (engines), KNORR-BREMSE KAMA (brake systems), and Federal Mogul Naberezhnye Chelny (details of cylinder-and-piston group).

OJSC KAMAZ is the laureate of the national award “Company of the Year-2009” in the sphere of automobile industry.