OREANDA-NEWS. December 10, 2007. At the end of November, the Mayor office of Novosibirsk city summed up the results of the competition for entitling of a signing of the agreement on a municipal support for the investors who realize the projects on a territory of the city. At a nomination “Development of electric power industry and introduction of power saving technologies”, NPO “ELSIB” OAO that presented the investment project for 2008-2012, has won. The municipal support at rate of not less than 9 mln.R for next three years as a subsidy to reimburse a half of the rate of refinancing of the Central Bank of RF on the banking credits and a part of the interest rate on the leasing payments, will be done for the plant. The total investment coverage of the project is about 2.7 bln.R, moreover, for the capital investments, it will be directed more than 1.8 bln.R.

The investment project is intended for a development of the production of the turbo- and hydrogenerators, large electric machines. At this Project, a great attention is paid to a purchasing of the new equipment, a commission of the new capacities and technological lines. At that, the growth of the production volumes will be accompanied by the rising of the products quality. It is supposed that to 2012, the sales volumes of NPO “ELSIB” will increase at 3 times, and the incomes will achieve 2,823.8 mln.R (in 2008 – 1,357.7 mln.R). It is planned that the production of the turbogenerators will increase at 2 times, of the large electric machines – almost at 2.5 times. The social effect from a realization of the Project is sufficient too – it is planned to extend a staff significantly (moreover, mainly due to an attraction of the high qualified specialists and workers), to increase the salaries. Just in 2008, a number of employees will increase practically at 2 times in comparison with 2007, and it will be as much as 1318 people. Also, the tax payments to budget will increase: if in 2008 the total budgetary effect is of 78.6 mln.R then in 2012 it will reach 411.1 mln.R.

It is necessary to note that the term of repayment of the project is comparatively small – 4 years only, that is explained by the growing demand for the plant products and presence of the production capabilities to provide it.

- Today, for successful competing on a domestic, and all the more, on the world market, it is necessary to meet the requirements presented to an offer, - Korney Gibert, General director of NPO “ELSIB”, emphasized. – The realization of the project will allow to create the necessary competing advantages, and, therefore, to increase and strengthen a share of the plant, and, therefore, all the Novosibirsk region in a production of the machine building products for the demands of power industry.