An international consortium has announced its intention to develop a waste-to-energy project involving the construction of five waste-to-energy plants in Russia, four in the Moscow region and one in Kazan, the Republic of Tatarstan. The total cost of the project is estimated to be RUB150 billion (US$2.6 billion).
Energy Finance & Investment News in Russia
Fortum has today signed an agreement to acquire three solar power companies from Hevel Group, Russia's largest integrated solar power company. The transaction is expected to be closed by the end of 2017. The parties have agreed not to disclose the purchase price.
Hevel Group (a joint venture of Renova Group and Rusnano JSC) and the Government of the Astrakhan Region have signed a partnership agreement on cooperation in the sphere of solar power development.
Russian Association of the Wind Power Industry (RAWI) and Russian Investment Agency Invest in Russia (RIA) has signed an agreement on the creation of the Wind Energy Fund with a target amount of funds of RUB100 billion (US$ 1.7 billion).
The Russian government has awarded a total of 1.65 GW of wind power in the tender that started in late May.
The Nord Stream 2 project, being pursued by Gazprom, has taken another important step towards its implementation, responding to the need of the European Union for additional gas imports and thereby improving security of supplies to Europe.
Rosneft and a consortium of Trafigura and United Capital Partners have signed agreements to acquire 98% in Essar Oil Limited (EOL).
Falkon Capital, through its subsidiary Alten, has placed a binding order for the Kalmykia Onshore Wind Farm Project "Priyutnenskaya VES 51 MW" to be erected in the Republic of Kalmykia in southern part of the Russian Federation.
Export-Import Bank of China and the China Development Bank have provided financing for the Yamal LNG liquefied natural gas project, which is located in northern Russia.
OAO NOVATEK, Russia's largest independent natural gas producer, has signed a loan agreement with Sberbank and Gazprombank. The loan will be used as part of the financing package for the company’s liquefied natural gas project Yamal LNG, which is located in northern Russia.
NOVATEK has announced the closing of a transaction to sell a 9.9% equity stake in the Yamal LNG project to China’s Silk Road Fund (SRF) for a payment amounting to €1,087 million (US$1,237 million).
The Japan Bank for International Cooperation (JBIC) has recently signed a loan agreement amounting up to US$450 million with Sakhalin Oil and Gas Development (SODECO).
The New Development Bank established by the BRICS states, Brazil, Russia, India, China and South Africa, plans to lend about US$2 billion to finance energy solar projects in India.
NOVATEK has announced the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (SRF).
Russia's trading system administrator ATS recently announced the approval of 280 MW of solar, 35 MW of wind power projects and two 24.9-MW hydropower projects in its third renewable energy tender.
ONGC Videsh has signed an agreement to acquire up to 15% shares in CSJC Vankorneft, which owns Vankor Field and NorthVankor license, from Rosneft oil company.
NOVATEK and China’s Silk Road Fund (SRF) have concluded a framework agreement on the acquisition by SRF of a 9.9% equity stake in the Yamal LNG project in Russia.
The Russian Direct Investment Fund (RDIF), the Government of the Republic of Karelia, Nord Hydro, the China Railway 24th Bureau Group and China Civil Engineering Construction Corporation have agreed to invest in constructing small hydropower plants in Karelia, Russia.
Gazprom Russkaya, a firm created by Russian state-owned Gazprom to develop the Russia - Turkey pipeline, has appointed Andrey Fick as chief executive officer (CEO).
Gazprom has signed an agreement with Eni (20%), EDF (15%) and Wintershall (15%) to acquire their 50% stake in South Stream Transport B.V.