Fifth Varshavyanka submarine joins Russia’s NavyMilitary & Defense October 26, 12:11
Russian Baltic Fleet frigate arrives in Cuba on visitMilitary & Defense October 26, 11:57
Air Defense drills involving various aircraft kick off in four CIS statesMilitary & Defense October 26, 11:34
MP Savchenko arrives in Moscow to attend hearing on Ukrainian nationalistsWorld October 26, 11:03
Bulgaria and Russia sign agreement to settle debt on Belene NPP project — ministerBusiness & Economy October 26, 10:38
Russia honored all commitments on S-300 supplies to Tehran — ambassadorWorld October 26, 9:04
Kyrgyz president signs decree on government’s resignationWorld October 26, 8:47
Display of rare impressionist masterpieces from Russian collector wows Parisian art loversSociety & Culture October 26, 8:46
Russia ready to resume humanitarian pauses in AleppoWorld October 26, 7:42
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.