April2013en

MONTHLY REPORT ON
THE ACTIVITIES OF THE
SKOLKOVO
FOUNDATION
APRIL 2013

1
Отчет о деятельности Фонда «Сколково», апрель 2013
1. Participants
The Strategic goal
Successfully manage a portfolio of innovation projects and ensure their communications with each
other and with the most important elements of the innovation ecosystem.
KPI Target Value
Results On
30.04.2013
Management comments
The number of intellectual property
applications created as a result of
innovation activities at Skolkovo (including
copyright applications), pcs.
100 27 Ten intellectual property right applications had been
submitted during the month of April.
The largest number of applications were filed under the
strategic direction "Energy Efficiency" (44%).
The share of external co-financing attracted
for particpants’ projects in, %.
50% 44 % Since the beginning of the year 18 grants have been
approved, of which:
• 5 grants in stage 2 (with co-financing ≥ 50%)
• 5 grants in stage 1 1 (with co-financing ≥ 25%)
• 8 small grants (do not require co-financing)

2
2. Partners
The strategic goal
Use the skills and resources of partners to develop a research infrastructure and support the
participants in commercialization and integration of participating companies’ innovative products
into global technology ecosystems.
KPI Target Value
Result on
30.04.2013
Management Comments
The number of jobs, created at R & D
centers of Skolkovo’s key partners, who
have signed an agreement, pcs.
500 334 The number of jobs at the R & D centers increased by 8 in
April through an agreement with OAO "TMK".
The total number of jobs in this R & D center will be 55
people by 2015 and 3,194 people in all companies’ R & D
centers who signed an agreement with Skolkovo.
Under negotiation: an agreement with Danfoss (the total
number of jobs in 2015 - 17 people.).
The involvement of venture capitalists (VCs):
The share of investments from accredited
VCs of the total investment that participants
have attracted from external funding
sources,%
20 39 KPI consists of the average of two indicators:
1) The share of investments by accredited venture capital
funds in the total amount of investments which have co-financed
participants. This indicator reflects the statistics
of two months of work in 2013, and amounts 67.87%. The
majority of the funding was provided by investment funds
Bioprocess, VEB Innovation (2) and Columbus Nova
2) The proportion of participants supported by accredited
venture capital funds in the total number of participants.
This figure is 9.28% and corresponds to the average level
of 11.9% in 2011-2012.

3
The Strategic Goal
To complete the design and construction of the city, scheduled for 2013, 2014.
Facility Name
Planned Date
Completion Current
Phase*
Status on 30.04.2013
Management Comments
(inc. new construction deadline in the event of deviations from plan)
Scheduled
Date of
Completion
Town-planning
documentation
February 2013
Approved the project planning zone, made adjustments to the part of the
Central Zone, 24 sites are prepared for trade
-
1. Skoltech
Complex
Stage P –
July 2013
The project documentation is prepared by companies «Ove ARUP» and
«Herzog & De Meuron»
Contracts for the excavation and the purchase of pilings will be concluded
in May 2013.
October
2014
2 .Technopark
Complex
Stage P –
March 2013
Project documentation prepared by «Valode et Pistre», passed to
'expertise'. Forecasted time to finish expertise is May 2013.. October
Start Construction– 2014
May 2013
Signed contract for excavation and piling.
The contractor has mobilized and began works..
3. Apartments
Stage P –
February 2013
.
Adjustment of the boundaries of the adjacent land at the central zone
has made it necessary to adjust the design documentation. Project
documentation handed over to the expertise. Forecasted time to finish
expertise is June 2013.
October
2014
г.
Start Construction–
May 2013
The shift in deadlines for the design does not affect the date for
completion of construction works. In order to meet construction
deadlines, access to the site occurs in stages
4. Technopark
Office Center
Project –
June 2013
.
Preparation of design and selection of the contractor. The planned
deadline of the 1st stage - December 2013
December
2013.
5. Social Infrastructure:
5.1. Family
Campus
Stage P –
October 2013
.
Obtained project design from contest participants, completing selection
of design company
October
2014
5.2. Policlinic
Stage P –
October 2013
г.
Prepared design project. The design organization is being selected
October
2014
3. City (1/3)
*For more details regarding the stage and symbols for each status, see the Appendix (page 24)

4
The Strategic Goal
Completion of the design and construction of the city is scheduled for 2013, 2014. Completion of the
design and construction of the city is scheduled for 2013, 2014.
Facility Name
Planned Date
Completion
Current Phase*
Status on 30.04.2013
Management Comments
(inc. new construction deadline in the event of deviations from plan)
Scheduled
Date of
Completion
6. Central Zone:
6.1 The lectures block Stage P –
August 2013
Prepared project design, project design company in the process
of being selected.
January
2015
6.2 Student quarter Stage P –
July 2013
Prepared project design, project design company in the process of
being selected.
August 2014
6.3 Market quarter (Cultural
center, City hall)
Stage P –
September 2013
Prepared the assignment for project design, project design
company in the process of being selected.
January
2015
7 Citywide systems engineering - technical support
7.1. Roads and utilities for
the Boulevard
Construction
Completion –
December 2013
According to the plans, construction is performed by
"Moskapstroy"
March 2014
7.2. . Roads and utilities for
the parkway
Stage P –
March 2013
Forecasted date for completion of the examination - May 2013
March 2014
March 2014
8. Landscaping and gardening
Stage P –
September 2013
Project design is performed by "Gorinzhproekt"
September
2015
3. City (2/3)

5
3. City (3/3)
The Strategic Goal
Complete project design and construction of the city planned for 2013-2014
The amount of external co-funding attracted for the
city's construction, Bn. Rub.
Num
ber
KPI Target Value Results on 30.04.2013 Management Comments
34 2,06 (30,884) • Signed a preliminary agreement for 30.884 billion rubles. Signed a
definitive agreement with Renova Lab for 2.06 billion rubles. Detailed
information can be found in the attachment.
• Announced contest to attract investors for the complex of research
buildings totaling 60,000 square meters.
Project Name Investor / Key Partner Name Property Area Plot Land area, ha
Amount of funding
(city program), mln.
rub
Planned date
lease signing with
Invest. conditions
Research Centers and Office-Laboratory Facilities
1 Sberbank Technopark Sberbank 73 200 D1-01 7,96 5 539 July 2013
2 Sberbank MegaTsOD-2 Sberbank 37 000 Z2.1-01 4,07 7 000 July 2013
3 Solkovo Business Center NP RHS 21 700 D3 1,62 1 606 May 2013
4 Research and Development Center Renova Renova Lab 26 500 Z2.1-03 2,54 2 060 April 2013
5
Research and Development Center
TransMashHolding
Transmash/Alstom 25 000 D2-15 2,72 1 459 June 2013
6 Research and Development Center MOEK BROAD Group/ MOEK 13 900 D1-09 0,77 790 August 2013
7 SEC Tatneft Tatneft 9 000 – 13 000 D1-02 0,84 708 August 2013
Infrastructure Objects
1 Trasnport Hub Finmarkt 30 000 Z1-06 n/a 3 000 June 2013
2 Network Engineering FGS n/a n/a 4 757 July 2013
Numb
er
Project Name
Date Announcement
Invest. Contest
Property Area Plot Land area, ha
Amount of funding
(city program), mln.
rub
Planned date
lease signing with
Invest. conditions
Offices and Research & Development Facilities
1 R&D Center “Technotwin” 15-03-2013 68 810 D2-14 4 2 965 July 2013
Infrastructure Objects
1 Parking Р3 Aprill 2013 40 000 Z2.1-05 2,61 1 000 August 2013

6
KPI
Target Value
2013
Results on
30.04.2013
Management Comment
The average time for taking decisions, calendar days:
A) participant status according to the process of
preliminary approval; B) participant status without
the prior approval; C) grants to participants
А) 40
Б) 30
В) 70
А) 30
Б) 25
В) 78
Deviation of actual results from the set targets on the
decisions to give a grants:
• small amount to choose from;
• time gap in the evaluation (filed in 2012, completed
examination in 2013);
• Discretionary calendar meetings of the Grant Committee
(decision can only be taken at a meeting of the Grant
Committee, which is held every three weeks).
Compliance with the budget of the Fund (except for
the budget for the construction of innovation city),%
-10% -57% Budget uses on 30.04.2013 amounts 43% of the 4 month
total budget due to the timing of procurement and
contracting procedures that in practice transfer payments
to the following periods in 2013.
4. Fund
The Strategic Goal
Improve management systems to ensure successful outcomes of the Fund's objectives

7
KPI
Target Value
2013
Results on
30.04.2013
Management Comment
Percentage of newly attracted online community-participants
(the ratio of registered accounts to
the total number of unique visits),%
1,5% 3,14% Such a significant difference with the previous period
that is exceeding the target level KPI, is due to the
activities to promote Startup Village and through
registrations on the site: startupvillage.ru (when
registering for the event on the site, users are
automatically registered on the site of
community.sk.ru)
5. Community
The Strategic Goal
Establishing a virtual medium and design a social infrastructure for the creation of Skolkovo's innovation
community and continues inflow of talent from outside

8
Appendices

9
Appendix 1. The dynamics of attracting
participants
1
2
7
6
3
19
31.03.2013
TOTAL 882
208
281
236
70
87
Total Amount of
Participants on
901
129115
287
243
72
88
30.04.2013
The number of applications for a participant's status and for a preliminary examination during
the entire period of the project amounts 4,651. During the 4 months in 2013 the total was 573.

10
Appendix 2. Territorial scope of
participants
Astrakhan 5 Omsk and Region 3
Bryansk Region 1 Oryol 1
Vladivostok 1 Penzenskaya Region 1
Vladimir 2 Perm 7
Volgograd 1 Petrozavodsk 1
Voronezh 2 Rostovskaya Region 1
Yekaterinburg and Region
28
(+2)
Ryazan 3
Ivanovo 1 Samara 3
Izhevsk 1 St. Petersburg
Irkutsk 2 Saransk 4
Kazan and Tatarstan 23 Saratov 7
Kaliningrad 1 Stavropol Region 1
Kaluga and Region 4 Syktyvkar 1
Kemerovo 3 Tver 2
Krasnodar and Krasnodar Territory 4 Omsk 20
Krasnoyarsk and Krasnoyarsk
13 Tula 1
Territory
Leningradskaya Region 1 Tyumen 1
Moscow
508
(+8)
Ulyanovsk and Region 3
Moscow Region 74 Ufa and Bashkortostan
Total Represented Subjects in the Russian Federation 44
101
(+6)
*In brackets is the increase during the reporting month
6
(+1)
Nalchik in Kabardino-Balkaria 2
Cheboksary and
Chuvashia
2
Nizhny Novgorod and Region
13
(+1)
Chelyabinsk and Region 9
Novosibirsk Region 27 Yaroslavl and Region
6
(+1)
ИТОГО 901

11
Appendix 3. Grants to participants
Number of approved and paid out grants for each year*, mln. rub.
2010 2011 2012 from 1 January to 30 April 2013
Value of approved grants 9 485,2
874.26
2,942.64
1,214.56
2,641.45
2,940.05
3,378.64
699.11
522.53
0 2,000 4,000 6,000 8,000
Number of approved and paid out grants for each cluster in 2013, mln.
119
Approved grants in 2013 Paid out grants in 2013
101
194
89
20
194
257
161
46 42
300
250
200
150
100
50
0
ИКТ ЭнЭф Био ЯТ Косм
The average co-financing share of the projects during the entire period is
43.8%, including CPS and 45.8% excluding the CPS
* Subject to change as a result of acceptance of reports
The number of grants approved for pay out during the entire
period of the project amounted 204 units. (18 of which were
approved in 2013.). Of which 91 were small grants.
Total,
mln. rub.
5 728,0
Amount of approved
grants

12
Appendix 4. Attracting venture capital, co-financing
Total amount of
* Signed binding
agreements, bln. rub.
Of those with foreign
Investors, in billion rubles.
6,8 0,45
86 (+4 in April)
13 (+1 в in April)
Accreditations Investors, bln, rub.
2011 2012 2013
List of Accredited Investors**
Russian (33) International (20)
RVC Seed Fund IVF Tatarstan Exigen BVP
UK Leader NAVI Pangaea Russia Partners
VTB Capital Leta Group I2BF Oxford Bioscience
Bioprocess Bright Capital Fleming Garage
RVC Bio Fund iTech Capital Sofinnova Columbus Nova
Maxwell Troika Dialog E.Ventures Helix Ventures
S-Group Bin Finam Inerjys Intel Capital
Allianz Rosno Rus-Invest Quadriga Alloy Ventures
VEB-Innovations Trinfiko Fjord Wermuth
Sberinvest Indigo Capital Komtek Invest Tamir Fishman
Foresight Dauria
Almaz Capital FPPI
Runa Frontier
Softline Yakutia
Amhurst Capital Prostor Capital
UK Univer kulikov V.G.
AddVenture
accreditation
agreements,
bln. rub.
20,4
(+0,4 in April)
investment
1,3
(+0,3 in April)
• Co-funding on the basis of grant agreements
• ** In bold are highlighted the funds established with the participation of "RVC"
The number of participants, supported by
accredited funds
Of these foreign funds
Amount of non binding commitments by
accredited corporate venture funds before the end
of 2015, mln. rub.
3 000
Of those non binding commitments, from foreign
funds, mln. rub.
1 050
9.1 10.5 0.8
0 5 10 15 20 25

13
Appendix 5. Key partners
Total
Main Indicators
on
31.03
Δ on 30.04
 The number of companies - key partners of
Skolkovo Fund
31 1 32
 The number of corporate R & D centers planned
to be deployed in Skolkovo
26 1 27
 Estimate of the number of employees in R & D
centers in 2015, pers.
3 139 55 3 194
 Value of the total budget of R & D centers by
the end of 2015, bln. 28,6 0,6 29,2
 Analysis of the current number of employees in
R & D centers
1 095 8 1 103
 The number of corporate venture capital funds
financing Skolkovo's participants (NAVI and
Columbus Nova (GC "Renova»), Intel Capital
(Intel))
3 - 3
List of the Fund’s Key Partners
International (19) Russian (13)
Nokia Corporation Kamaz
Siemens RU-COM
Microsoft USC
EADS HC Composit
Ericsson ISS Reshetneva
General Electric AFK Sistema
Nokia Siemens Networks GC Renova
Cisco Tatneft
EMC TNK-BP
Schneider Electric GC Rosatom
Honeywell OAO Lukoil
Alstom Transmashholding
Intel TMK
IBM
SAP
Boeing
TATA
Johnson&Johnson
Samsung
From the 32 key partners - 17 major international companies are planning to build R & D centers at the
Innovation Center. Total number of staff in 2015 will amount to 1,568 people, the amount of invested
funds until 2015 will be more than 15.9 million rubles.

14
Appendix 6. Applications for intellectual
property rights
Results on
31.03.2013
Results on 30.04.2013 Total
17 Applicants: 8 12 7 27
11
For the invention of a useful
model, in the Russian
Federation and
internationally
5
(+2)
10
(+4)
4
(+2)
19
6 For trademark registration 3 2 3
(+2)
8
For registration of computer
software
10
Number of applications for
IP being in operation
8
(+5)
8
(+5)
6
(+2)
22
Plan for the next month:
Applications for intellectual property rights – 8
*В скобках указан прирост за отчетный месяц

15
Appendix 7. Key events of the Fund
22.04 Delegation of businessmen from Israel Institute Road Show for visited Technopark Skolkovo
Promotion Russian Startup Tour
Апрель 2013
1 8 15 22 29
2 9 16 23 30
3 10 17 24 1
4 11 18 25 2
5 12 19 26 3
6 13 20 27 4
7 14 21 28 5
29.04 Day of the laboratory 3-D
prototyping at Technopark Skolkovo
16.04 Master classes on investments,
monetization of services and
promotion on the Internet, at
Technopark Skolkovo
9-10.04 Siemens Future
Dialogue conference at
Skolkovo Hypercube
17.04 Signed Agreement on the
establishment and deployment of R &
D Center of OAO "TMK" at Skolkovo
03.04 ВConference at Technopark
Skolkovo: TEDxSkolkovoChange:
Positive Disruption
6.04 Russian Imagine Cup finals at Skolkovo Hypercube
April 1 - Vladivostok
April 2 - Krasnoyarsk
April 3 - Tomsk
April 4 - Novosibirsk
April 16 - Nizhniy Novgorod
April 17 - Astrakhan
April 18 - Rostov-on-Don
April 19 - Kaluga
April 25 - Belgorod
Apr. 29 - Kaliningrad
04.04
• Opening of the NBI laboratory
"Microanalysis" at Technopark
Skolkovo
• Signed Agreement on Cooperation of
the State Committee of Science of
Armenia and the Skolkovo Foundation
24.04 Лекция «Наука в современном
обществе» профессора СколТех
Эдварда Сайдела в МГДД(Ю)Т

16
Appendix 8. Success stories of participants
in the Project (1/3)
The project "Storage of kinetic energy" developed by company "Russian
superconductor" received an investment attractiveness index of BBB
("Sufficient investment attractiveness") in the Russian Startup Index
The Essence of the Innovation
• Project "Storage of kinetic energy" is aimed at creating mass production of high-tech, innovative, and competitive products - storage of
kinetic energy of high power and energy
• The devices can be used to improve the performance of power for short term consumption and increased power take-off (to
compensate peak volumes) and to improve the stability of power plants and power systems.
• It is also advantageous to use the kinetic energy storage devices to significantly improve efficiency in usage of recovered energy in
electrified transport and other equipment
"IKIZ" (Space Research Institute of the Earth) successfully implemented the first phase
of works for the mapping of vegetation of northern Eurasia based on satellite data,
commissioned by the U.S. Forest Service
• Company "IKIZ" successfully developed a technology for automated identification of terrestrial vegetation based on satellite data
• The technology is based on the analysis of time series of medium resolution satellite data using innovative locally-adaptive algorithms
and allowing to obtain uniform, comparable information about the type and condition of vegetation on the continent, and eventually
worldwide. The high degree of automation makes it possible to build maps every year to monitor the temporal dynamics of vegetation.
The technology enables to identify the maximum number of classes of terrestrial vegetation to date.
Ltd. "IKIZ" (Space Research Institute of the Earth) successfully implemented the first phase of works for the mapping of vegetation of
northern Eurasia based on satellite data, commissioned by the U.S. Forest Service
The essence of innovation

17
"Biotechnology Center transgenesis in the pharmaceutical industry" Transgenfarm
" received a patent. The Federal Service for Intellectual Property granted the patent
"Genetic structure" for the production of recombinant human lactoferrin
• Industrial production of human lactoferrin protein in the form of a water-soluble powder
• Use of this product will significantly reduce mortality in preterm infants, as well as in the cases of bottle-fed infants
• Work on sourcing therapeutic proteins from milk-giving animals can now make these proteins available to the masses of patients who
need them. This process will be environmentally friendly, energy-efficient, and the number of medicines with derived human proteins
will be regulated by the number of animal-breeders
The company "Inkuron" has received approval from the U.S. Administration of Quality
Supervision Food and Drug Administration (FDA) for clinical trials of a drug for cancer
CBL0137.
• The company's activities focus on the development and preclinical and clinical studies of innovative medicines based on a new class of
molecules. Kuraksin are small molecules with a potential for a wide range of therapeutic applications for the treatment of cancer and
autoimmune diseases
• Kuraksins are unique because they simultaneously modulate in the correct direction the abnormal activity of three key signaling
pathways in the tumor cells (through the inhibition of protein complex chromatin FACT), it determines the selectivity for their antitumor
effects
• There is a high probability of successful application of Kuraksins in the treatment of certain autoimmune diseases and inflammatory
conditions

18
The company "Asteros Labs' presented the solution " Asteros Contact Air "for
airports worldwide. A universal interface for the registration of air passengers,
created by the Russian developer, was demonstrated to visitors at the Passenger
Terminal Expo in Geneva.
• A universal interface for recording passengers named "Asteros Contact Air" allows airports to register passengers on flights of different
airlines at any counter, implementing an general check-in approach - « single window »
• Development will unload the reception area at peak hours
• Optimizes the process of training personnel who will no longer need to study the system of registration for each airline, it will be
sufficient to examine only one interface
Company "GazohimTechno" began designing a pilot mini-GTL plant with a 10-13 million
Nm3 per year capacity for incoming gas to synthetic liquid hydrocarbons output
amounting to 5.8 million tons per year. Completion of construction will be in the 3rd
quarter of 2014.
• The purpose of the project is the commercialization of mini-GTL technology - Creating the world's first viable small-scale GTL plant ,
capable of effectively monetizing the small gas resources from raw materials (associated petroleum gas, biogas, methane, natural gas,
etc.)
• Essence of the business - licensed production and sale of "mini-GTL" units, designed for the processing of natural and associated gas
into synthetic crude oil and products of higher added value
• A joint Russian-British project, in which the achievement of technological and economic synergies is achieved by combining two
innovative blocks in a single installation - POX (partial oxidation) from Gazohim Techno and a microchannel Fischer-Tropsch reactor
from the Oxford Catalysts Group

19
The methodology for calculating the strategic KPIs

20
Counting methodology (1/3)
• Number of applications IP registrations (including copyright)
• Cumulative calculation from the beginning of the reporting period
The number of applications for intellectual property
created as a result of innovations at Skolkovo
(including copyright)
•Relevant foresights are the ones in which the participants are involved
or which received investments from accredited venture capital funds, or
R & D centers are formed and / or orders from partners are received
•The share of current foresights is calculated as the ratio of relevant
foresights to total foresights of all clusters
•Monitoring is carried out on a quarterly basis
The relevance of foresights:
Number of integrated foresights to the total of all
foresights
•The calculation is made on the basis of the actual co-financing received
by the participants: the amount of co-financing (accredited investors
auto-financing, etc.) compared to the total amount of financing received
by the participants for their projects
The share of external co-financing attracted by
participants for their projects
•Total cumulative revenue for all participants of the Skolkovo project,
YTD, mln, rub. Revenue beyond LE is not taken into account
Total revenue of all participants of the Skolkovo project
•The average number of staff from all participant projects
Total number of jobs created

21
•Calculated as the number of jobs at R & D centers to be established on
the back of signed agreements for the creation of R & D center,
containing a list of subjects, relevant future clusters, the budget,
number of research personnel, the plan (road-map) for the center
(construction of a building, room rentals, equipment purchase etc.)
The number of jobs created in the R & D centers of
key partners, the formation of which is agreed to be on
the territory of Skolkovo
•A = proportion of investment from accredited venture capital investors
in the total co-investment of participants (%):
Venture capital co-investment from accredited investors in the total co-investments
(numerator: the entire amount of external financing, net of
investment from non-accredited investors and auto-financing, the
denominator: the entire amount of external funding)
•B = Percentage of participants that have attracted external funding
from venture capital investors (%):
The number of participants that have attracted investments from
venture capital investors (venture capital funds, business angels) to
the total number of participants
The involvement of venture capitalists (VI):
The share of investments from accredited VI in the
total investments of all parties including participants
that have attracted external funding from partners
• In accordance with the construction schedule's defined milestones and
target dates during the year
•Review of milestones made by the method "yes / no": if a milestone is
completed in time, the goal is achieved.
•Any deviation is considered to be a failure indicator
Compliance with the schedule and construction budget
•The calculations are made on an accrual basis (list of objects attached)
•Monitoring is carried out on a quarterly basis.
The volume of external co-funding attracted for the
construction of the city (including commitments)

22
•The number of days spent by the Foundation to process the application
and make a decision
•Excluded from the calculation is the time spent by the party to provide
information (both original and additional information)
The average time for taking decisions on:
A) participant status on the procedure for prior
approval;
B) the status of the participant without a prior
approval;
C) grants to participants
•A comparison of the actual costs of the Fund (on accrual basis) with
the plan. Tolerance - up to 10%
•Excluded are the costs to build the Innovation City which is controlled
under the auspices of "Compliance with the construction schedule and
budget"
Compliance with the budget of the Fund (except for the
budget for the construction of the Innovation City)
•Count the number of professors, heads of Skoltech research centers,
who signed a cooperation agreement
•The centers are established in accordance with Skoltech's regulations
Ensure recruitment of professors, heads of Skoltech's
research centers, with whom a cooperation agreement
has been signed.
•Number of staff in line with the target structure of Skoltech's
professional community corresponding with the plan and budget
•During the creation of a budget, milestones for the year will be defined
in the process
Ensure the creation of a structure for a professional
Skoltech community
•The number of educational programs at Skoltech, developed before the
end of 2013
Ensure the development and delivery of educational
programs
•The ratio of the number of new registrations to the number of unique
visits to community pages
Percentage of attracting newly registered people in the
online community (the ratio of registered accounts to
the total number of unique visits)

23
Design and construction stages of the
objects
Stage
Stage P
Start of construction
Completion of construction
Commissioning
Status Construction of Object
Planned date of completion has been
delayed by more than two months
Planned date of completion has been shifted
by up to two months
Planned date of completion is in accordance
with plan
Stage Content
Signing project design agreement
Completion of project documetntion (Stage – P)
Completion project expertise
Approval of project documentation
Signing construction contract
Start of preparatory works
Start engineering works
Completion engineering works
Start of comprehensive review and testing
Commissioning

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