EduBourseActualitésSchneider Electric signs an agreement with Turkmenistan to improve the capital city’s...

Schneider Electric signs an agreement with Turkmenistan to improve the capital city’s power grid

Rueil-Malmaison (France), February 3, 2010 – Schneider Electric, as part of consortium with ENEX, signed an agreement yesterday with the city of Ashgabat (population: 600,000) to enhance the reliability of the municipal power grid. The agreement was signed at the French Prime Minister’s residence during Turkmen President Gurbanguly Berdimuhamedow’s visit to France.

The project was initiated in partnership with Belgian contractor ENEX Process Engineering in September 2008 at Turkmenistan’s request. It is designed to substantially improve the quality and reliability of the power grid and respond to the surge in energy consumption resulting from Ashgabat’s extremely rapid growth.

Schneider Electric will deliver engineering studies, equipment and supervision in an end-to-end solution to upgrade and extend the capital city’s grid. The solution, designed to completely replace the existing network, will be implemented in three phases through 2017. A large number of Schneider Electric’s employees and suppliers will be involved in this major project, which perfectly illustrates Schneider Electric’s recognized expertise in energy management.

During their meeting on February 1, Presidents Berdimuhamedow and Sarkozy highlighted the broader cooperation between their two countries in sectors such as energy and saluted the signature of contracts in this area.

About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company’s 114,000 employees achieved sales of more than 18.3 billion euros in 2008, through an active commitment to help individuals and organisations “Make the most of their energy™”.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.