Czech Kralovopolska RIA wins EUR 385mn deal to build gas plant in Russia.

By bne IntelliNews December 7, 2011
Czech engineering firm Kralovopolska RIA has won a EUR 385mn contract to build a gas-fuelled plant near Sochi, on the Russias Black Sea coast, E15 daily reported. The plant will have an installed output of 366MW and will supply power and heat to sports complexes and other buildings in Sochi, which will host the 2014 Winter Olympic Games. The plant is scheduled to be completed and connected to the grid by December 2013. Kralovopolska RIA specializes in the delivery of systems for nuclear power plants, water treatment facilities and petrochemical plants. The company posted a post-tax profit of CZK 42mn in 2010, by CZK 13mn more than in the previous year. Kralovopolska RIA's main clients include Czech state-owned power company CEZ, Skoda Praha, Invest and Enseco.

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