RDIF planning to invest in Russian-Chinese electricity export projects

Interfax, 01.10.2014

MOSCOW. Oct 1 (Interfax) - The Russian Direct Investment Fund (RDIF) is planning to participate in Russian-Chinese electricity export projects, the head of the fund, Kirill Dmitriev, told journalists on Wednesday.

"The question of electricity shipments to China is very relevant. We are looking at these issues. We intend to actively invest in electricity, and we see a lot of opportunities there," he said.

Dmitriev said Chinese companies currently had a "huge interest" in Russian electricity since the issue of electricity shipments from Russia to China was relevant. Currently, there are the financial means to carry this out, and China is interested, he said.

He also identified the Russian companies whose projects could receive investments. "We actively cooperate and watch [the field of] electricity. With OJSC Russian Grids (MOEX: RSTI), as you know, we have a joint project to cut energy loss. We have active works in progress with Inter RAO UES (MOEX: IRAO), and we're working with OJSC RusHydro (MOEX: HYDR)," Dmitriev said.