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On Signing an Agreement between Vnesheconombank, Degremont SA and LLC Eurasian-Ecoprojects

2 march 2010 года
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In the course of Russian President Dmitry Medvedev’s state visit to France, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, French Company Degremont SA and LLC Eurasian-Ecoprojects (a subsidiary of OJSC Eurasian) signed a Memorandum on Cooperation.

For the Russian side, the Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev, OJSC Eurasian General Director Sergei Yashechkin, for the French side – by Degremont SA General Director Remi Lantier.

Under the Memorandum the parties intend to cooperate in implementing the project aimed at constructing a sludge incineration plant on the territory of the sewage treatment facilities in Adler’s district.

This project provides for constructing a sludge incineration plant on the territory of the sewage treatment facilities in Adler’s district with a capacity needed for servicing the existing sewage treatment facilities in the city of Sochi.

The project would make it possible to connect new consumers on the territory of Sochi to the centralized water disposal system and improve sewage water treatment quality through utilizing sludge that forms in the process of sewage treatment by way of incinerating it.

The Memorandum was signed to build on the Agreement signed in 2006 on Cooperation between  Vnesheconombank and OJSC Eurasian designed to monitor and raise funds to finance projects to reconstruct and upgrade water supply and water disposal infrastructure which are implemented by OJSC Eurasian in various regions of the Russian Federation on the principles of public-private partnership.

 

State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ was established under the Russian Federal Law “On the Bank for Development” by way of reorganizing Vnesheconombank of the USSR. The Bank for Development’s activity is aimed at promoting the development of high-technology industries, infrastructure, innovations as well as at supporting high-tech exports and providing support for small and medium-sized enterprises

OJSC Euirasian is one of the leading Russian companies operating in the infrastructure sector. The company’s charter capital is 4 billion rubles. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ is one of OJSC Eurasian’s key shareholders. The Company is responsible for implementing long-term investment projects in the water supply and water disposal sector in the city of Rostov on the Don, Sochi and a number of cities in the Krasnodar Territory. 8.5 thousand workers are employed by OJSC Eurasian’s enterprises. The Company’s aggregate investment portfolio in infrastructure projects for the coming 15 years is more than 40 billion rubles.

Degremont SA is part of the Suez Environment Group. It has been specializing in drinking water treatment and sewage treatment. The Company’s more than 4500 employees are working in more than 70 world countries. In 2008, Degremont SA had an annual turnover of more than 1014 million euros and implemented projects aimed at constructing the world’s largest sewage sludge incineration plants

 

Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru


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