Author: Suez Environment. License: All rights reserved.
Russian nanotechnology company Rusnano has inked a deal with domestic industrial products maker Rostec Corp to set up an investment company focusing on waste-to-energy projects, Rusnano’s CEO Anatoly Chubais said last week.
The new entity will have a capital of RUB 21 billion (USD 361m/EUR 306.6m), of which RUB 8 billion will be provided by Rusnano, the company’s CEO told reporters during the sidelines of the Russian Energy Week forum in Moscow, as cited by Interfax. Rostec will take part in the so-called First Ecological Fund with an investment of RUB 13 billion.
Rusnano will be responsible for the technological part of the project, whose first stage will feature Japanese-Swiss technology.
The potential partnership between Rusnano and Rostec was unveiled in June. Rusnano's CEO said at the time, as cited by Russian News Agency TASS, that construction of the first plant under the initiative is expected to be launched by end-2017.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.