MOSCOW, November 28 (RIA Novosti) - A nuclear production unit of Russia's OMZ [RTS: OMZZ] signed a $4.4 million deal on November 16 with the Czech Nuclear Research Institute Rez to upgrade research reactors, the Russia company said Tuesday.
Russian machine building company OMZ said that under the project, Skoda JS, part of OMZ Atom, and the Czech institute, will modernize LVR-15 and LR-0 research reactors.
The work will be completed in the first half of 2008, and will be 50% funded by the European Union.
Skoda JS specializes in developing and manufacturing experimental reactors as well as supplying equipment for power reactors. The company has built seven research reactors since 1970.
OMZ (formerly United Heavy Machinery), controlled by Russian energy giant Gazprom, is one of Russia's largest integrated heavy industry companies. It specializes in equipment and machinery for the nuclear energy and mining industries, and has clients in more than 30 countries.
