Izhora Plants
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Izhora Plants
Izhorskiye Zavody or Izhora Plants (russian: Ижо́рские заво́ды) is a Russian machine building joint stock company (OAO) belonging to the OMZ Group. It operates a major manufacturing plant in Kolpino, Saint Petersburg. History Tsar Peter I ordered the factory be built in 1722 to supply the Russian fleet. The factory was named after the nearby Izhora River and in 1908 was still making parts for the Russian Navy when it was awarded an official flag. Izhorskiye Zavody was privatized in 1992 and in 1999 became a part of ''Objedinennye Mashinostroitelnye Zavody'' (OMZ). In November 2021, “Izhorskiye Zavody” produced and delivered by sea a reaction vessel for the 2nd unit of Turkish Akkuyu Nuclear Power Plant. The price of the reaction vessel is about 3 billion roubles in accordance with the contract, signed in 2017. Operations The company is primarily a heavy industry factory. It specializes in engineering, production, sales and maintenance of equipment and ...
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Public Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In th ...
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Russian Floating Nuclear Power Station
Floating nuclear power stations (Russian: плавучая атомная теплоэлектростанция малой мощности, ПАТЭС ММ, literally "floating combined heat and power (CHP) low-power nuclear power plant") are vessels designed by Rosatom, the Russian state-owned nuclear energy corporation. They are self-contained, low-capacity, floating nuclear power plants. Rosatom plans to mass-produce the stations at shipbuilding facilities and then tow them to ports near locations that require electricity. The work on such a concept dates back to the MH-1A in the United States, which was built in the 1960s into the hull of a World War II Liberty Ship. In 2022, the United States Department of Energy funded a three-year research study of offshore floating nuclear power generation. The Rosatom project is the first floating nuclear power plant intended for mass production. The initial plan was to manufacture at least seven of the vessels by 2015. On 14 Septem ...
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