OREANDA-NEWS. March 04, 2010. In the course of Russian President Dmitry Medvedev’s state visit to France, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, French Company Degremont SA and LLC Eurasian-Ecoprojects (a subsidiary of OJSC Eurasian) signed a Memorandum on Cooperation.

For the Russian side, the Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev, OJSC Eurasian General Director Sergei Yashechkin, for the French side – by Degremont SA General Director Remi Lantier.

Under the Memorandum the parties intend to cooperate in implementing the project aimed at constructing a sludge incineration plant on the territory of the sewage treatment facilities in Adler’s district.

This project provides for constructing a sludge incineration plant on the territory of the sewage treatment facilities in Adler’s district with a capacity needed for servicing the existing sewage treatment facilities in the city of Sochi.

The project would make it possible to connect new consumers on the territory of Sochi to the centralized water disposal system and improve sewage water treatment quality through utilizing sludge that forms in the process of sewage treatment by way of incinerating it.

The Memorandum was signed to build on the Agreement signed in 2006 on Cooperation between  Vnesheconombank and OJSC Eurasian designed to monitor and raise funds to finance projects to reconstruct and upgrade water supply and water disposal infrastructure which are implemented by OJSC Eurasian in various regions of the Russian Federation on the principles of public-private partnership.