Tata Power signs MoU with Russian Direct Investment Fund

The agreement was signed during the state visit of Russian President Vladimir Putin to India.

 

RDIF and Tata Power will cooperate on identifying and targeting investment opportunities in the energy sector across Russia in order to develop mutually beneficial transactions.

 

Speaking on the development, Anil Sardana, CEO & Managing Director, Tata Power, stated: “It gives us immense pride to announce our association with Russian Direct Investment Fund. RDIF are known to be reliable and world class financial and strategic investors and Tata Power looks forward to working with them on identifying opportunities across the energy chain, thereby strengthening India’s relations with Russia. The signing of this MOU is a significant milestone for Tata Power and we endeavour to be a significant player in the international energy market.”

 

Kirill Dmitriev, CEO of RDIF, said: “RDIF has identified the energy sector as one of its key priorities for increasing Russia’s economic efficiency and sustainability. Our collaboration with Tata Power will not only introduce a new, established player into the Russian market, but will provide opportunities to leverage Tata Power’s high-class expertise in renewable energy production and implementation of large-scale international projects.”