The Rönesans Signature on the Largest Natural Gas Processing Plant in Russia

Rönesans Holding makes an impression at the 22nd St. Petersburg International Economic Forum (SPIEF), signing four agreements at the event. Alongside dignitaries such as Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, IMF Managing Director Christine Lagarde, the forum hosts more than 100 senior executives from around the world.

Making a name for itself at the forum with a series of agreements signed at the event, Rönesans Holding entered into a contract worth €1.3 billion with Maire Tecnimont for the Amur Gas Processing Plant, set to be one of the notable natural gas processing facilities in the world and the biggest in Russia when it’s completed in 2023. The contract was signed by Dr. Erman Ilıcak and Pierroberto Folgiero, CEO of Maire Tecnimont Group.

The 22nd St. Petersburg International Economic Forum was held in St. Petersburg, Russia, under the theme “Building a Trust Economy.” The forum is an international platform that brings together businesspersons to discuss economic issues experienced by developing markets and the entire world at large. This year, a total of fifteen thousand guests were expected at the forum, with heads of state and delegations made up of hundreds of local company managers, press members and NGO representatives from more than 100 countries. Signing agreements for Amur Gas Processing Plant, Sberbank, Government of Moscow and St. Petersburg tramway, Rönesans Holding made a name for itself at the forum that will end on May 26.

“Turkish contracting industry draws strength from quality projects”

In a statement on the agreements signed at the forum, Dr. Erman Ilıcak said the following: “The partnerships established here today proves how the Turkish contracting industry undertakes quality projects with high added value in the international arena. I take pride in the fact that A-list buildings and facilities in Europe and Russia bear Rönesans Holding trademark today, that a Turkish company exists in major regions of Russia, reflecting its vision in leading projects. We want to advance further with greater strength on our journey towards territories beyond our birthplace. I fully believe that these business partnerships that will enable joint projects will render both Russia and Turkey stronger.”

Alptekin Tizer, Chairman of the Board of Renaissance Heavy Industries, gave information on the Amur Gas Processing Plant, the signing ceremony for which was a key moment in St. Petersburg International Economic Forum. His statement included the following remarks, “Signing this agreement, we undertake the building of a very important package in the biggest natural gas processing plant Gazprom will operate in Russia. We feel proud that both the Italian EPC company Maire Tecnimont and the main employer Gazprom trust Renaissance Heavy Industries. With Tecnimont we signed an agreement worth €1.3 billion for the construction of the project in the Svabodny region of Russia. When completed in 2023, the plant will be operated by Gazprom and will be among the notable natural gas plants in the world and the biggest one one in Russia. With an annual production capacity of 42 billion cubic meters, the plant will process natural gas transferred from the Sakha and Irkutsky gas production centers. The plant to be constructed by Renaissance will transmit Russian natural gas to China and will play a great role in the social, economic and industrial development of Amur and the entire Eastern Siberia region.”

Pierroberto Folgiero, CEO of Maire Tecnimont, also took the floor at the signing ceremony: “The sub-contract we have signed today with Renaissance Heavy Industries that has a long, solid background in Russia is of strategic import for a successful operation of Gazprom’s Amur Gas Processing Plant project.”

In addition to Dr. Erman Ilıcak and Pierroberto Folgiero, CEO of Maire Tecnimont Group; the signing ceremony for Amur Gas Processing Plant hosted Alexey Miller, CEO of Gazprom Group, Fabrizio di Amato, Chairman of Maire Tecnimont and Pasquale Terracciano, Italian Ambassador to Russia.

Rönesans Enters into Three Strategic Agreements

Avni Akvardar, Chairman of the Board of Rönesans Construction and Renaissance Development Russiagave information on another agreement signed at the forum: “We signed a goodwill agreement to specify the actions for the building and operation of the transshipment center in Yuniy, St. Petersburg, and the tramway line project between Yujnaya metro station and Kolpino. The project with an estimated total investment value of 20 billion rubles, (nearly USD 325 million), is set to start in 2019 and will be completed in 2023.” Renaissance Construction signed another agreement with the Government of Moscow, about which Akvardar said the following, “Moscow is a major region in Russia with a high potential for economic and social development. We take pride in expanding our cooperation with the region. Renaissance has vast experience in the region not only as a construction company but in terms of investments as well. Thanks to the agreement we signed with the Government of Moscow, we are looking forward to partnering with them for attracting extra-budgetary investments to carry out healthcare services projects and to build offices and hotel complexes. Akvardar equally mentioned a key agreement signed with Sberbank at the forum. His concluding remarks were as follows, “The agreement we established with Sberbank will give us a chance to benefit from Sberbank Corporate University’s experiences and knowledge with strategic partnerships and various programs on investment banking and financing.”