RDIF, Dalkia and Bpifrance to invest up to 170 mln euros in Russian energy efficiency projects

Interfax, 10.12.2019

MOSCOW. Dec 10 (Interfax) - The Russian Direct Investment Fund (RDIF), leading sovereign funds from the Middle East and Dalkia SA, which is part of France's EDF Group, will work with French sovereign wealth fund Bpifrance to implementing projects to improve the energy efficiency of Russian companies, the RDIF said in a press release.

The parties have agreed to establish a joint venture and invest up to 170 million euros in projects to implement high efficiency technologies and optimize resource consumption at Russian companies.

The agreement was announced today on the sidelines of 25th Session of Russian-French Economic, Financial, Industrial and Trade Council (CEFIC).

The parties intend to cooperate in increasing energy efficiency and reducing energy costs for several companies. The first joint initiatives may include projects to optimize energy consumption at one of RDIF's portfolio companies.