RDIF and Rosatom agree partnership to build infrastructure for the safe handling of toxic waste
Saint-Petersburg, June 7, 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, announces a partnership with the State Atomic Energy Corporation Rosatom to implement a federal project "Developing facilities for safe handling of I-II hazard class waste”.
The federal project aims to establish a single federal operator to process I-II hazard class waste, to build the technical facilities for the handling, disposal and decontamination of hazardous waste. The project will also see the development of an integrated information system to keep track of the hazardous materials.
The parties plan to perform a joint analysis of the project’s financial model and cooperate on other areas of the project.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“RDIF’s partnership with Rosatom aims to support the implementation of the national “Ecology” project. Our partnership will see the creation of infrastructure that increases Russia’s capacity to efficiently use secondary resources, stimulating the development of technology for use in Russia’s waste management industry. The best available technologies will be used in new waste management projects, employing the best international practice and ensuring compliance with Russian legislation.”
Ilya Rebrov, CFO, the State Atomic Energy Corporation Rosatom, said:
«The State Corporation brings a vast experience of implementing large-scale state projects, utilising an advanced scientific and technical knowledge base alongside highly qualified staff that will help build an effective, safe waste management system”.
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. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB 1.5tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40bn. Further information can be found at www.rdif.ru
The State Atomic Energy Corporation Rosatom unites more than 350 enterprises and scientific organizations, including all civilian companies in the nuclear industry in Russia, enterprises of the nuclear weapons complex, research organizations and the world's one of a king atomic icebreaking fleet. Rosatom State Corporation is the largest generating company in Russia, which provides more than 40% of electricity in the European part of the country. Rosatom is the global market leader for nuclear technologies, ranking 1st in the world in terms of the number of nuclear power plants simultaneously built abroad; 2 place in the world in terms of uranium reserves and 5 place in terms of its production; 4th in the world in nuclear power generation, providing 40% of the world market for uranium enrichment services and 17% of the nuclear fuel market. Further information can be found at www.rosatom.ru
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133