RDIF, Middle Eastern funds investing in RT-Invest waste-to-energy project

Interfax, 15.07.2019

MOSCOW. July 15 (Interfax) - A consortium of investors consisting of the Russian Direct Investment Fund (RDIF) and Middle Eastern sovereign funds is investing in a program of the company RT-Invest involving the construction of waste-to-energy plants, the RDIF said.

"The 'Energy from Waste' project involves the construction of four plants in the Moscow region. The total processing capacity will amount to 2.8 mn tonnes of municipal solid waste (MSW) per year, which will enable the plants to generate approximately 280 MW of electricity annually. Investments by RDIF and partners will be used for construction works and the purchase of the necessary high-tech equipment," the statement reads. The amount invested has not been disclosed.

The plants are expected to be commissioned in 2021-11. The project will allow the percentage of solid household waste dumped in the Moscow region by 30%.

RDIF head Kirill Dmitriev was quoted as saying, "The investments made by RDIF and our partners in RT-Invest's project are aimed at implementing the tasks set out by the national project 'Ecology.' The new plants will help improve the efficiency of waste processing and create additional energy generating capacity. They will also be able to apply best practices in the sector, with the potential of further deployment across the Russian regions."

"JSC RT-Invest was established in 2012 with support from the Rostec State Corporation to facilitate direct investments in advanced industrial technologies in Russia and abroad, including waste management, information systems, transport telematics and the production of construction materials," the statement reads.