The two companies will jointly analyze commercial and investment opportunities in renewable energy projects in Russia as well as in the power retail business, including the metering system implementation and the automated meter management exploitation.
Enel and Rushydro will also exchange best practices in R&D and innovation to jointly carry out scientific research on the power industry, the companies said.
A joint working group will be established with the aim to periodically report on progresses in any area relating to the scope of the joint co-operation.
Carlo Tamburi, head of Enel International Division, said: “This agreement with the largest Russian hydro power company strengthens our international position in energy efficiency projects and renewable energy sector.
“This is in line with our strategy to further consolidate our significant presence in Russia thus expanding it to new sectors where Enel has a world wide leadership and which are becoming more and more strategic for the country. We are pleased to contribute with our experience and expertise through the creation of a joint working group with the aim to identify and develop joint projects.”
