The Ukrainian Energy Machines joint-stock company has signed a contract with the Polish railway company Newag SA for the manufacture and supply of 300 electric motors for EUR 9 million.

This was reported by the GMK Center, citing the joint-stock company.

According to Ukrainian Energy Machines, the ED118AU1 electric motors are designed for diesel and electric locomotives.

The Ukrainian company plans to deliver the electric motors by 2023.

"The equipment will be manufactured in accordance with the technical requirements of the Polish company. The parties plan to broaden cooperation on the supply of electric motors for the needs of the Polish side," the statement said.

Newag SA is a leading Polish manufacturer of electric and diesel passenger rolling stock, electric and diesel locomotives, as well as subway and tram cars.

The Ukrainian Energy Machines joint-stock company is the only manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants in Ukraine. The company consists of the Turboatom turbine manufacturer and the Elektrovazhmash energy equipment manufacturer. The latter specializes in the production of electric motors for rail and urban transport.