IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
BEIJING, June 25. /TASS/. The Russian state-owned grid operator Rosseti and the China’s State Grid Corporation (SGC) signed a shareholders agreement on the joint venture on Saturday within the framework of Russian President Vladimir Putin’s visit to China.
The agreement was signed by Rosset Chief Executive Oleg Budargin and SGC Board Chairman Shu Yinbiao.
The joint venture will be established for upgrade of grid facilities and construction of new power installations in Russia and in the territory of other countries later. The JV will deal with implementation of project in power facilities construction and refurbishment and will exercise functions of the EPC (engineering, procurement, construction) contractor, Rosseti said.
Annual financing of joint projects may be up to $1 bln, Rosseti told TASS. Funds will be borrowed from China’s and other foreign financial institutions.