Turkmenistan, Ashgabat, July 28 /Trend / H.Hasanov
French company Schneider Electric plans to open its representative office in Turkmenistan, which will be involved in developing projects and training professionals, the national TV channel Altyn Asyr said on Thursday.
Schneider Electric Board of Directors Chairman Electric Henry Luckman informed in a meeting with Turkmen President Gurbanguly Berdimuhamedov at the presidential palace in Ashgabat.
Schneider Electric is a world leader in manufacturing electrical devices and automation equipment, offering a wide range of products and services for key market segments such as power generation, construction and industrial infrastructure.
The Turkmen leader reiterated his intention to "continue to strengthen cooperation with leading foreign companies holding the latest developments, a huge scientific and industrial potential."
Luckman announced new proposals of Schneider Electric, which also include stable and reliable electricity supplies to Ashgabat, as well as upgrade of the country's power system.
Schneider Electric signed an agreement with the Turkmen government within a consortium with the Belgian Enex to ensure power supply of Ashgabat (with the population of 600,000 population) earlier last year.
The agreement was signed at the French Prime Minister's residence during President Berdimuhamedov's visit to France from February 1 to 3, 2010.
The key objective of the project is to improve the quality and reliability of the power system and responding to increasing energy consumption as a result of the dynamic development of Ashgabat. Schneider Electric will conduct engineering research, supply equipment and provide oversight in the process of modernization of the energy grid of the capital.
The project will be implemented in three phases by 2017.
The project cost is estimated at 1.3 billion euros.