Russia's CMP Engineering Complex launches serial production of fuel storage racks for NPPs, begins foreign deliveries

IZHEVSK. May 20 (Interfax) - CMP Engineering Complex LLC (CMP EC, Glazov, Udmurtia) has launched serial production of fuel storage racks for nuclear power plants, with the first products delivered to the El-Dabaa NPP in Egypt, according to the press service of the Industrial Development Fund (IDF), which provided a preferential loan for the project.

"Investment in modernizing production exceeded 260 million rubles," the press service said.

Of this amount, 180 million rubles were provided as a preferential loan by the IDF, and 20 million rubles came from the Udmurt Entrepreneurship Development Fund, it said.

The funds were used to acquire new technological equipment. "This allowed us to automate production processes, shift from piece-by-piece manufacturing of nuclear fuel storage racks to serial production, and reduce the production cycle fourfold," the press service quoted CMP EC CEO Tamara Remeshevskaya as saying.

The first units have been shipped to the El-Dabaa NPP in Egypt, the press service said. The company also supplies equipment to the Akkuyu NPP in Turkey and has started production for the Paks 2 NPP in Hungary. It plans to participate in tenders for supplying equipment to other NPPs being built abroad by Rosatom.

In Russia, the enterprise plans to supply these products to the NPPs currently under construction - Kursk 2, Leningrad 2 and Smolensk 2.

CMP Engineering Complex LLC (CMP EC) was established in 2008 on the basis of a workshop of the Chepetsk Mechanical Plant (CMP, part of JSC TVEL under Rosatom) and is a supplier of equipment for the oil and gas industry, the chemical industry, the space sector and the Defense Ministry. According to the Unified State Register of Legal Entities, 100% of the company's charter capital is owned by Kvant Group LLC (Moscow), which is controlled by its CEO Oleg Kuvardin (85%), with the remaining 15% owned by Alexei Altynbaev.