# Transport Electrical Equipment Plant to upgrade electric motor production with IDF loan

The Industrial Development Fund approved a loan of RUB 464.1 million to the Transport Electrical Equipment Plant in Naberezhnye Chelny to upgrade and expand production of EDU-133PCh electric motors for diesel locomotives. Total project budget is RUB 590.3 million.

- Type: Investment
- Announced: 2019-12-11
- Where: Naberezhnye Chelny, Russia
- Value: $9.30M (590.3M RUB)
- Status: announced
- Products: EDU-133PCh electric motors for diesel locomotives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Transport Electrical Equipment Plant](https://endata.com/companies/43859.md)
- [Industrial Development Fund](https://endata.com/companies/3818.md) (investor)

## Sources

- [mpt.tatarstan.ru](https://mpt.tatarstan.ru/eng/index.htm/news/1633033.htm), 2019-12-11: "The production cost of the electric motors will be 25% lower than foreign ones and 7% lower than their domestic counterparts."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.