Statement on the completion of construction of DETB «Sovelmash»: stages and status
To launch production of innovative electric motors, the company needs a critical document. We are now one step away from obtaining it.
What is CCR and why it is critically important
The Conclusion of Compliance of a construction facility with the design documentation requirements (CCR), also referred to as a certificate of completion, is a document without which legal operations cannot commence.
For an industrial enterprise, this is a high‑complexity task. Inspections by supervisory authorities across all areas are very stringent.
Obtaining the CCR transitions the project from construction to an operating enterprise, increasing its value and opening the way to commercial contracts. It is a key step toward further corporatization and allocation of shares to investors.
An enterprise for the development and production of innovative electric motors
Sovelmash is a Design and Engineering Technology Bureau (DETB) with state‑of‑the‑art equipment. The enterprise designs and manufactures innovative electric motors, which is important for Russia’s technological independence.
Sovelmash motors save up to 40% energy while lowering unit cost. Proprietary technology and high margins provide strong financial prospects.
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Stages of obtaining the permit: our path to CCR
1. Design documentation preparation: architectural plans, utility schemes, and equipment layout have been developed.
2. State expert review: successfully passed in October 2024. The project complies with all regulations of the Russian Federation.
3. Approvals from supervisory authorities: preliminary stages have been completed across various agencies.
4. Filing documents to obtain the CCR: the final document package is being prepared for the ultimate review.
5. Expert review and issuance of the opinion: on 2 September, an on‑site commission begins inspecting the DETB. The time frame for issuing the expert opinion is up to 5 days. If the outcome is positive, the CCR will be issued in the near term. Otherwise, comments will need to be addressed.
Main challenges and hurdles in obtaining the CCR
Bureaucratic barriers: coordinating multiple supervisory authorities with their procedures and timelines is required, and SEZ (Special Economic Zone) resident status necessitates additional federal approvals.
Compliance with technical requirements: imported equipment must comply with Russian standards.
Environmental regulations: industrial facilities are subject to strict standards for environmental protection, safety, sanitary protection zones, etc.
Financial costs of passing inspections: expert reviews, obtaining technical specifications, and documentation development all entail expenses.
Current project status: where we stand now
We are on the home stretch!
Construction of the DETB has been completed; all key inspections have been passed, including the long‑awaited approval of the architectural and urban planning solution from Mosgorarkhitektura.
Equipment has been installed and is undergoing commissioning.
The immediate task is to successfully pass the final inspection.
Completion of the financing phase and launch of the internal exchange
Project financing will continue until the DETB becomes self‑sustaining.
A secure internal exchange is being created on the SOLARGROUP IT platform for the purchase and sale of investment stakes among investors. After obtaining the CCR, investors will be able to convert their stakes into Sovelmash shares. 49% of the shares will be allocated to investors; their value is expected to grow after the launch of the DETB.
Investment opportunities before obtaining the CCR
Now is a unique time to invest in a ready business, when risks are minimal and the cost of a stake is accessible.
You can buy stakes in bundles—this is cheaper. Installment plans are available, with a minimum payment of $50. All rights are protected by legal agreements, and risks are mitigated by patent protection.
The revenue forecast is based on the uniqueness of the DETB and the technologies. Fulfilling three orders per year of $30 million each would multiply the valuation.
Frequently asked questions about obtaining the CCR and investing
How long does it take to obtain the CCR?
From filing the documents—about 30 business days.
What risks are associated with a delay in the CCR?
The main risk is increased costs of maintaining the DETB.
How can I track the project’s progress?
Through your SOLARGROUP personal account and during regular webinars.
What is the minimum investment amount?
The minimum installment payment is $50.
When is the launch of DETB expected?
In the next few months following receipt of the CCR.
Conclusion: project outlook and opportunities for investors
We are on the verge of obtaining the CCR. The DETB has been built and is ready for launch. This is the best time to invest before asset values increase. Join this breakthrough project!
*The translation is done with the help of artificial intelligence.