Following the negotiations, JSC Rusatom Automated Control Systems (JSC RASU) and Sieyuan Electric CO., LTD (China) signed the Memorandum of Understanding aimed at the future implementation of joint projects covering the manufacturing and supply of electrical equipment.
The document was signed by the Chief Executive Officer of JSC RASU Mr. Andrey Butko and the General Director for Overseas Marketing of Sieyuan Electric Mr. Zhang Zhiyong.
The MoU was signed on the first day of the X International Forum ATOMEXPO-2018.
The Memorandum of Understanding defines the key aspects and targets of the parties’ cooperation for a three-year period, with the priority given to high reliability, cost-efficiency and competitiveness of the electrical equipment. The document also presumes that additional agreements will be prepared later where the breakdown of financial and legal liabilities will be described.
The parties are planning to define the scope of potential mutual projects including the possibility to localize the production of Sieyuan electrical equipment at the enterprises of Rosatom State Corporation.
The exact list of the potential projects will be included in the Roadmap to be prepared by June 30. The same deadline is set for identification of the process and legal aspects, selection of localization sites, development of marketing and promotion programs for the localized equipment, both in the countries of the parties of the Memorandum (Russia and China) and in third countries.
The signed MoU is the first and important step towards the practice-oriented cooperation. In order to meet this aim, agree on the product promotion actions and implement the mutual projects, JSC RASU and Sieyuan are planning to hold regular workshops and discuss the technical, certification and marketing issues.
According to Mr. Andrey Butko, JSC RASU CEO, «the Memorandum is aimed at the long-term productive cooperation. The document is the perfect way to demonstrate our commitment to strong business relations between our companies.»
As Mr. Zhang Zhiyong said, «both companies are looking for strategic long-term partnership, and the signed Memorandum is the first milestone on the way to our mutually beneficial cooperation.»
JSC RASU is a division of Rosatom State Corporation, the system integrator in the area of process automation (instrumentation and control systems). The company also deals with the manufacture and supply of electrical equipment, and design and construction of power grid facilities (electrical engineering branch). The key capabilities of JSC RASU are based on many years of successful experience in development, design, commissioning and support of nuclear and thermal power projects. JSC RASU provides the full range of automation and power supply services for all stages of the facility lifecycle: from conceptual design to decommissioning with the subsequent modernization and/or replacement. We offer our Customers the up-to-date and safe solutions of various complexity using the reliable high-performance equipment developed and manufactured by the enterprises of Rosatom State Corporation.
Sieyuan Electric CO., LTD deals with engineering, production and sales of various products and services for the power industry, including electrical equipment, and implements international projects in these areas.