INTER RAO – Export and Chinese corporation SINOMACH signed a strategic cooperation
INTER RAO – Export LLC and China National Machinery Industry Corporation SINOMACH, which is one of the most important Chinese state-owned industrial enterprises, directly controlled by the Central Government of the PRC, signed an Agreement on strategic cooperation in the Russian Federation and third countries.
The document was signed at the 2nd Russian-Chinese Energy Business Forum, which was held on June 6 in the framework of SPIEF 2019. Maxim Sergeev, General Director of INTER RAO – Export LLC, and Zhang Xiaolun, Chairman of the Board of SINOMACH, signed the text of the Agreement.
Within the framework of the Agreement, the companies will search for and develop promising projects in the field of construction of new and modernization of existing facilities of traditional (heat and hydro) and renewable (solar, wind) generation in the territories of Latin America, Africa, Russia and the CIS, as well as work on the organization of financing of potential joint projects.