21 Января 2025 | вторник | 13:45
Energoterra

INTER RAO UES And ELETROBRAS Sign Memorandum Of Understanding

Мая 23, 2011

Boris KOVALCHUK, CEO of INTER RAO UES, and José Antonio MUNIZ LOPES, Chairman of Brazilian state-owned ELETROBRAS power utility, signed today a Memorandum of Understanding on development of cooperation between the companies in the electric power sector.

The memorandum was signed at the fifth session of Russia-Brazil High Commission presided by Russian Prime Minister Vladimir PUTIN and Brazilian Vice President Michel TEMER.
The memorandum creates a framework for joint research of electric power generation and transmission in Brazil's national and international markets, evaluation of opportunities for joint project delivery, and establishment of technological and economic partnership. In particular, the partners will review opportunities to expand export of Russian power industry equipment.
"Signing the Memorandum of Understanding with ELETROBRAS will enable INTER RAO UES to improve its posture in the Latin American electric power market and to deliver joint electric energy projects in Brazil as well as in regional and international markets," said Boris KOVALCHUK.
INTER RAO UES is a diversified energy holding working in various segments of Russian and international electric power industry. INTER RAO UES is a leading exporter and importer of electric energy in Russia actively increasing its electricity generation and sales activities and developing new lines of business. INTER RAO UES corporate vision is focused on making the company a global energy enterprise and a key player in the international energy market. INTER RAO UES Group owns and operates over 28,800 MW of installed power generating capacity.
Established in 1962, ELETROBRAS is the electric power utility in Latin America. Eletrobras operates power plants with combined generating capacity of 39,453 MW including the Brazilian half of the Itaipu Binacional hydroelectric dam. With a total of 60 thousand kilometers of transmission lines, Eletrobras is a mixed economy company with open capital listed in São Paulo (Bovespa Stock Exchange), Madrid and New York. Brazilian federal government owns 52% of the common stock of Eletrobras.

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