The Russian Direct Investment Fund (RDIF) and OJSC Russian Grids have signed a Memorandum of Cooperation
St. Petersburg, June 20, 2013 - The Russian Direct Investment Fund (RDIF) and OJSC Russian Grids have signed a Memorandum of Cooperation at the St. Petersburg International Economic Forum. The document was signed by Oleg Budargin, CEO of OJSC Russian Grids, and Kirill Dmitriev, CEO of the RDIF.
The partnership’s goal is to attract investment into the Russian power grid sector with a particular focus on foreign investment. The RDIF and Russian Grids will work together to improve investor understanding of the sector’s opportunities, to make the case for investment in long-term infrastructure projects in the utilities industry and to explore funding mechanisms, including public-private partnerships, to support the Russian Grids Group’s investment programme.