About signing an agreement within the EU co-financed project
Joint Stock Company “RĪGAS ELEKTROMAŠĪNBŪVES RŪPNĪCA” (JSC RER) on 4th of April 2019 had signed an agreement with the Central Finance and Contracting Agency for ERDF co-financed project no. 184.108.40.206/18/A/055 "Developing a New Generation Synchronous Relay Engine".
The planned project implementation period is 18 months.
Total eligible costs of the project EUR 990'353,61 excluding VAT.
The aim of the project is to support research of JSC RER, which contributes to achieving goals in accordance to Latvian Smart Specialization Strategy, since and technology development with human capital and creation of new knowledge base to improve the competitiveness of state economy.
The specific objective of the project is the development of a new energy efficient electricity driven traction based on synchronous relativity engine, as well as gaining new collective competence in the development and testing of a new type of complete electrical equipment. As a result of the project, a new product is to be developed: a synchronous releasing electric engine.