KIEV, Jan. 25 – Kharkiv-based Turboatom, one of Ukraine's largest producers of energy equipment, in 2010 plans to invest up to UAH 31 million in technical upgrades, which is 70% more than in 2009 (UAH 18.2 million).

Turboatom reported that the company is continuing the upgrade of its foundry, where it plans to invest over EUR 1 million.

The press service said that in December 2009 the company signed a contract for the supply of equipment for the foundry workshop with Italy's IMF. Its value of the contract is not disclosed.