RDIF and Enel to jointly develop clean-energy transportation projects
Press release, 16.10.2017
Moscow, October 16, 2017 - The Russian Direct Investment Fund (RDIF) and Enel have announced that they will be cooperating in evaluating business opportunities in the area of electric mobility including recharging infrastructure and other e-Mobility services like electric car sharing in Russia. The corresponding agreement was signed on the margins of the Foreign Investment Advisory Council’s session in presence of the Russian Prime-minister Dmitry Medvedev.
The parties will follow best international practices and leverage the innovative technologies of both countries in order to further develop the electric vehicle industry in Russia.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"Enel, our long-time partner and co-investor, has experience in successfully developing similar projects in Europe. We are excited by the opportunity to implement such project in Russia. The Russian market has all the necessary factors for the initiative’s success, including the growing number of environmentally conscious consumers, as well as support from the authorities. We already work with Enel in area of clean energy and see great potential for further cooperation."
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
Enel is a multinational power company and a leading operator in the power and gas markets of Europe and Latin America, operating in 29 countries across four continents with a net installed capacity around 83 GW. The Company owns and operates hydroelectric, thermoelectric, nuclear, geothermal, wind and solar power plants, as well as other renewable energy assets.
Enel distributes electricity and gas to more than 63.6 million end users, owns and operates a network spanning around 1.9 million km.
In 2016, Enel’s revenue totalled approximately 70.6 billion euros, and its EBITDA amounted to 15.2 billion euros. More than 62,756 people work in Enel. The Group forecasts a total capex plan of 20.9 billion euros between 2017-2019
In Russia, Enel owns 56.4% of PJSC Enel Russia (a power generating company), – and 49.5% in LLC Rusenergosbyt (a power supply company). www.enelrussia.ru
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Elena Garside
Tel: +44 (0) 20 7796 4133
PAO Enel Russia
Head of the Press Office
Tel: +7 495 5393153