RDIF, partners invest in RT-Invest’s 4 waste power plants

Prime, 15.07.2019

MOSCOW, Jul 15 (PRIME) -- A consortium of investors comprising the Russian Direct Investment Fund (RDIF) and large Middle Eastern funds have closed a deal to invest in construction of four waste-fired power plants in the Moscow Region, a project of state industrial corporation Rostec’s unit RT-Invest, the RDIF said in a statement on Monday.

The sum was not disclosed, but the fund said that investment would cover construction works and procurement of hi-tech equipment.

“Investment of the RDIF and our partners in RT-Invest’s project is aimed at completion of goals of the Ecology national project. The new plants will raise the efficiency of waste treatment, create additional power generation capacities, and exploit the best practices in the sphere with the scope of further use in order regions of the country,” the fund said quoting CEO Kirill Dmitriev.

The plants should be finished in 2021–2022, and their waste processing capacities will amount to 2.8 million tonnes a year, or about 25% of the region’s waste production. The plans would produce about 280 megawatts of power per year.