The EDB and RUSNANO to start work in the EAEU in the field of green hydrogen, alternative energy, and high tech

03 June 2021

St. Petersburg, 3 June 2021. The Eurasian Development Bank (EDB) and RUSNANO will start working together to implement projects in the Eurasian Economic Union’s (EAEU) countries in the field of alternative energy, high tech, and green hydrogen. The agreement was signed during the St. Petersburg International Economic Forum by Nikolai Podguzov, Chairman of the EDB Management Board, and Sergey Kulikov, Chairman of RUSNANO’s Executive Board.

The document envisions the possibility of the EDB’s participation in financing a new alternative energy fund, which RUSNANO is developing to finance the alternative energy sector. The fund is planned to invest not only in Russia but also in Kazakhstan and other EAEU countries.

In addition, the parties agreed to create conditions for the Bank to finance RUSNANO projects for the development of high-tech enterprises.

“The EDB has committed to consider participation in financing RUSNANO’s alternative energy fund and its projects, as well as its green hydrogen projects. This is another step by the EDB towards green development in our countries. Let me remind you that we are shareholders of AIFC Green Finance Centre, Ltd., which is the Astana International Financial Centre’s company specialising in green finance projects and instruments in Central Asia. The document we signed today reconfirms that the EDB is creating a whole pool of opportunities for the implementation of cutting-edge environmental projects in the Bank’s member states,” said Nikolai Podguzov, Chairman of the EDB Management Board.

Additional Information:

The RUSNANO Group comprises RUSNANO, RUSNANO Management Company, and the Fund for Infrastructure and Educational Programmes. A total of 138 enterprises and R&D centres are operating in 37 regions of Russia with RUSNANO’s investment. Read more on www.rusnano.com.

 

The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries –   Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The Bank was established in January 2006 and is headquartered in Almaty. The EDB’s portfolio mainly consists of projects with an integration effect in the areas of transport infrastructure, digitalisation, green energy, agriculture, industry, and mechanical engineering.

The EDB Media Centre:

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

pressa@eabr.org

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2021