Engineering companies VOLTS Energy Limited and CC7 have signed an MoU for joint project implementation

On December 5, 2023, VOLTS Energy Limited, a provider of engineering services in the field of power, low-carbon solutions, and advanced energy technologies, entered into a strategic collaboration agreement with China National ChemicalEngineering No.7 Construction Company Limited (CC7).

Artem Denisov, Chairman of the Board ofDirectors of VOLTS Energy Limited, and Eugene Smyk, CEO of the company, held a business meeting with CC7 Vice President Xie Kun during the UN Climate ChangeConference COP28 in Dubai. The discussions focused on joint business development, engineering project implementation, and support for investment activities, culminating in the signing of a Memorandum of Understanding (MoU).

Artem Denisov, Chairman of the Board ofDirectors of VOLTS Energy Limited, explained: "VOLTS Energy and CC7combine opportunities for accessing markets and projects in the renewable energy sector. This is particularly relevant as our company actively expands its presence in the Middle East and Central Asia through key partners and clients."

"CC7 is a global leader in EPC-F and is actively developing the new energy segment, already possessing an impressive portfolio of projects worldwide. This instills confidence in the complementarity of the partnership and the growth of presence in the markets of the Middle East, Central Asia, andAfrica for each of the partners," added Eugene Smyk, CEO of VOLTS EnergyLimited.

VicePresident of CC7 Xie Kun remarked: “CC7 is a leading engineering &construction company in the global energy and oil & gas sectors with remarkable experience in implementing international EPC projects and an excellent project team. CC7 is actively embracing global energy transition and it is capable of providing full life cycle services starting from technical solutions until full commissioning of the project in accordance with theCustomer's needs. CC7 is ready  to build a strong collaboration with Volts and Masdar in implementing EPC projects in the field of electricity and renewable energy in the Middle East, Africa andCIS countries, aiming to make a contribution to global energy transition and sustainable development of the world”.

VOLTS EnergyLimited company deals with complex infrastructures projects in the energy market from initial site investigation and feasibility stages up to final delivery. The company's portfolio includes more than a hundred successful projects in the CIS and MENA countries, demonstrating the company's efficiency and the high qualifications of its engineering team.