OREANDA-NEWS. October 12, 2009. Turboatom (TATM) is due to rebuild a turbine unit for the Kremenchuk hydroelectric power plant by 2011, Interfax reported on Friday. The upgrades will increase the power, efficiency and operating life of the unit. In June the Kremenchuk HPP put into operation a turbine at its station #2 that was reconstructed by Turboatom.

Concorde Capital: The modernization of Ukraine's hydroelectric power plants is a long-term source of revenue for Turboatom, and is expected to continue to be so until at least 2013. Currently it brings in close to ~10% of Turboatom's revenues, according to our estimates, and its financing is secured, despite the state budget deficit, due to projects with the European Bank for Reconstruction and Development.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.