The Baltic Course  

Working on long-term plans

Sergei Vankov, chairman of the Council of Directors at Russia's Haitek-Raesk holding company told the BC about cooperation between Haitek-Raesk and the Latvian energy company Jauda.

Sergei Vankov

Photo: Hitech-Raesk

Haitek-Raesk runs financial and industrial business affairs for a group of affiliated companies and performs the function of coordinating steps by the group’s members in the electric engineering business around the Moscow region.

The overall purpose of the group is to introduce innovations in development of projects for electrical facilities in conditions of growing market relations and increasing competition and the organization of production facilities for manufacturing equipment under programs aimed at substituting current import items.


Main business direction

  • Designing and constructing energy industry facilities concerning electric power distribution.
  • Research and development for new types of equipment, managing the production of goods in demand and creating new model equipment.
  • Marketing research.
  • Feasibility studies.
  • Project management.
  • Corporate management and control over finances and production at the group’s affiliated companies, using various forms of management and control.
  • Methodological guidance to affiliated companies concerning a number of economic functions (marketing, economics, finances, quality, etc.) needed for their business.
  • A number of centralized arrangements for procurements of the group’s companies.
  • Work on the group’s development strategy and procurement of required resources for affiliated companies.


Technical policy

  • Applied scientific research and engineering, including development of new electrical power distribution devices.
  • Design work.
  • Business planning.
  • Development and introduction of innovations (also as subcontractor).


Investment policy

  • Comprehensive assistance for clients in implementation of energy-effective projects.
  • Development of investment projects and business plans.
  • Search for investors.
  • Development of different investment models.

Joint solutions

Working together with a number of foreign companies, we study the equipment produced by them thoroughly, as well as the possible use of it in Russian conditions. Experience shows that quite a bit of modification and testing in operational mode is needed. When this is done, the equipment thus adjusted can be used widely enough and it is possible to arrange for production at the manufacturer's facilities or move part of the production to Russia.

The positive qualities of such solutions are confirmed in particular by experience in working with the Latvian company Jauda from Riga. Having studied the work of our Latvian colleagues, we were able to develop several joint solutions and ways to introduce them. Our joint products are already being installed at Mosenergo Moscow Cable Network and their performance has earned high evaluation. Having started from little things, we are gradually stepping up cooperation and hope to expand our capacities. Right now experts from Latvia’s Jauda and Haitek-Power Systems, a company of our group, are about to hold a joint seminar to exchange experience in electrical equipment design. This will enable us to learn more about our joint potential.

Our company is open to cooperation. We are willing to see that proposals that may contribute to growth in capacities of the electrical engineering sector are put to use. Such cooperation, as a rule, brings mutual benefit to all the parties involved. We are building long-term plans and rely on established contacts with our partners in Russia as well as abroad. We hope that our products will find their buyers and be of use in the construction of electric power industry facilities.


Gassan Gassangadjiyev, the head of energy supply department under the Moscow City Government Board for Fuel and Energy:

We were introduced to Jauda’s products for the first time at the Riga Days fair in Moscow. The company turned to the Moscow mayor for support in production, including the Russian-speaking employees working at the plant in Latvia. Jauda’s products are competitive and Moscow found this interesting. We agreed on several matters, including adapting electrical equipment to Moscow conditions. As for lighting equipment made in Riga, we are satisfied with the design of street lights. We installed similar products in the Stary Arbat district in Moscow. Now we have also selected a location to introduce electrical equipment by Jauda and  street lights made by the Krasainie Lejumi steelworks plant in Riga – presumably in Patriarshi Prudi, a historical place for Muscovites. This will be a trial run and the beginning of cooperation with companies from Riga, hopefully, long-term cooperation.