NEWS

The Expert Council of the Industrial Development Fund (IDF) approved a loan to the Transport Electrical Equipment Plant (Naberezhnye Chelny) under its Components programme.

Using a loan of RUB 464.1 million, the Transport Electrical Equipment Plant plans to upgrade and expand the production of EDU-133PCh electric motors for diesel locomotives. The production cost of the electric motors will be 25% lower than foreign ones and 7% lower than their domestic counterparts. The total project budget is RUB 590.3 million, of which RUB 464.1 million will be provided by IDF as a soft loan.

An increase in the supply of Russian electric motors would result in the substitution of imported products. According to the company, imported products currently account for 70% of the annual demand in Russian Railways. The implementation of this project would reduce it to 30%.

The EDU-133PCh electric motor is designed for shunting diesel locomotives used at short distances within the depot or on industrial sites.

Based on information by IDF press service