OREANDA-NEWS. February 17, 2010. Luhanskteplovoz Holding press service issued a release saying that the Company intends to deliver 20 sections of the 2TE-116U to Russian Railways by the end of July 2010. Besides, Luhanskteplovoz intends to sign a contract to produce an additional 30 diesel locomotive sections for the Russian Railway, 30 diesel locomotive sections for Mongolian Railways, and four units for Kazakhstan.

This news is strongly positive for Luganskteplovoz. According to Millennium Capital’s estimates, the Company’s expanded order book will increase its capacity usage almost by 40% in 2010. It will ensure better investment attractiveness of LTPL and a broader range of potential buyers interested to acquire a 76% stake of LTPL share capital through a privatization sale. The tender has been scheduled for March 2010.