The story
The company was founded in 1955. It was specialized in construction of power engineering facilities under the programs of cooperation with the countries of socialist orientation. During these years, Technopromexport implemented more than 400 power engineering projects in 50 countries of the world, among them the Aswan Hydropower Complex (Egypt), the Euphrates Hydrocomplex (Syria), the Hòa Bình Dam hydroelectric power station (Vietnam), and others.
During the Yuri Andropov times it was the center of a major corruption case, which ended in executions of its director Yuri P. Smelyakov and his deputy, V.A. Pavlov.
Since 1993, the company is present in the Russian power engineering market.
In 2006, the legal form changed from federal state unitary enterprise to open joint stock company. Since 2009, Technopromexport is a part of the Rostec state corporation. Technopromexport stands as observer in Electric Power Council of the CIS countries.
By the end of 2011, the total value of projects implemented under the Technopromexport management has exceeded 80 billion rubles. The company's revenue in 2011 was 23.8 billion rubles, and the net profit reached 185.5 million rubles.
The company has a stake in Interautomatika, a joint venture with Siemens that the German group exited in July 2017.
From Wikipedia’s article on Technopromexport, shared under CC BY-SA 4.0.4
