OREANDA-NEWS. Russian Grids JSC and The Russian Direct Investment Fund (RDIF) signed the Memorandum of Cooperation at the St. Petersburg International Economic Forum. The signatories to the document are Mr. Oleg Bugardin, Director General of Russian Grids JSC, and Mr. Kirill Dmitriev, CEO of RDIF.

The agreement is called to promote long-term cooperation and joint efforts in creating favorable conditions for Russian and foreign investments into the Russian electric power complex. Under the agreement, Russian Grids and RDIF will seek alternative ways of funding for the investment program of Russian Grids Group of Companies and ensuring maximized return on invested capital, utilizing, among other mechanisms, private-public partnerships. The parties to the agreement will evaluate and conduct comprehensive analysis of project risks and examine the possibilities of development of the regulatory legal and methodical framework for enhancing the investment attractiveness of long-term infrastructural projects in the industry.