JSC Mobile GTES Sample Clauses

JSC Mobile GTES. In November 2010, the Debtor signed a $40 million energy storage supply contract with MGTES, a wholly-owned subsidiary of the Russian Federal Grid Company. Under this contract, the Debtor will provide backup storage systems for sites in St. Petersburg and Sochi, official sites of the XXII Winter Olympic Games in 2014. As part of the subsequent and larger phase in this alliance, in June 2011, the Debtor and MGTES signed a strategic framework agreement that contemplates the manufacture of lithium-ion based uninterruptible power supply systems as part of a five-year engineering and framework agreement. The proposed systems, which the companies anticipate will have an initial total capacity of 27.8 megawatts, will provide back-up power for internal substation needs for one hour, including switchgear, lighting, communications, and other needs.
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