EIH triggers cooperation with Austrian producers

22 Nov, 2018

On Thursday, November 15 a team of Energy Invest Holding (EIH) headed by Mr. Armen Petrosyan, Director General has met with Mr. Norbert P. Schwarz, the Vice President of Market Management of the ANDRITZ HYDRO GmbH (Austria). The avenues for possible cooperation in various projects that are being pursued by EIH were discussed.

Particularly, among the topics discussed were possible participation of ANDRITZ HYDRO in Shnogh Hydroelectric Project, as well as supply of state-of-the-art modern equipment for replacing Dzora Small Hydro Power Plant’s outdated electromechanical and hydromechanical equipment.

Worth mentioning, that similar negotiations are also underway with a US-based General Electric Hydro, and three other Austrian companies: Voith Hydro GmbH & Co KG, Kössler GmbH & Co KG, and GUGLER Water Turbines GmbH. All of these companies have expressed their willingness to participate in the aforementioned projects on a varying scale: from supplying electromechanical and hydromechanical equipment to entering into the Shnogh Hydroelectrical Project equity.

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