RDIF signs agreement on energy efficiency sector cooperation with Dalkia Group

Press release, 24.05.2018

St. Petersburg, May 24, 2018 – The Russian Direct Investment Fund (RDIF, the sovereign fund of the Russian Federation) and France’s Dalkia Group agreed to cooperate in the field of energy saving solutions such as high-efficiency systems and resource consumption optimization. A corresponding agreement was signed today at the St. Petersburg International Economic Forum.

The agreement sets forth a framework to set-up cooperation between RDIF and Dalkia, to provide potential customers with tailor made solutions to optimize the use of energy in industrial production process in order to reduce production costs for the clients and promote sustainable use of resources in the Russian Federation.

Dalkia Group, represented in Russia by Fenice Rus, has already established business in Russia through long-term partnerships with industrial customers.

Based on this expertise of Dalkia in energy efficiency and sustainable projects, RDIF and Dalkia plan to promote energy efficiency technologies and solutions to companies operating on the Russian market.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“Improving industrial efficiency is one of the key areas for development in Russia, which will help Russian companies to remain competitive on domestic and global markets. RDIF already participates in several efficiency projects and is glad to expand its activities in other sectors with Dalkia. The use of our partner’s experience and know-how will allow to save billions of rubles for the state and industrial consumers and make Russian products more competitive.”

Sylvie Jéhanno, Dalkia CEO & chairwoman, noted:
“We are delighted to set up this cooperation with RDIF to improve energy efficiency through providing adapted financial tools in order to implement innovative and sustainable projects to our customers in Russia”

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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

Dalkia Group, a subsidiary of the EDF Group, is one of the leading providers of energy services in France. Dalkia offers its clients tailor-made solutions scaled to fit each building, city, municipality, region and industrial site. Dalkia rises to the challenge of the energy transition and provides its clients with expertise covering the entire energy chain, from energy supply to optimisation of their energy consumption, as well as operation and maintenance of installations. All Dalkia’s solutions are paired with energy efficiency commitments and long-term performance guarantees.

Fenice Rus is one of the pioneers of energy service in Russia and ranks among the leading energy service companies in the country. The company has a number of large-scale projects to introduce energy-efficient technologies in Russian industry. Fenice Rus became part of Dalkia in September 2016.

For additional information contact:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Hayes / Andrew Leach
Hudson Sandler
Tel: +44 (0) 20 7796 4133