The EDB signs an understanding and cooperation agreement with Rosatom
Sochi, 15 April 2019. Vsevolod Smakov, Head of Industry and Energy at the Eurasian Development Bank (EDB), and Ilya Rebrov, Financial Director of Rosatom, signed an understanding and cooperation agreement at the 11th Atomexpo-2019 International Forum.
The agreement envisions joint work to fulfil Rosatom’s smart city, clean water, wind power and other projects.
The parties intend to jointly review Rosatom’s projects and create conditions for project financing by the EDB.
“The Bank is interested in advancing partnership and mutually beneficial cooperation to implement Rosatom’s projects,” Vsevolod Smakov commented.
“This agreement is an important step towards building a strategic partnership between Rosatom and the EDB,” Ilya Rebrov said.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
Rosatom State Atomic Energy Corporation
Russia’s State Atomic Energy Corporation Rosatom is one of the global technological leaders, with resources and competencies to work successfully at all stages of the nuclear production chain. Rosatom comprises a wide range of assets, from uranium mining to decommissioning of nuclear facilities and spent nuclear fuel management. It is the largest electricity generating company in Russia, accounting for over 18% of the country’s total demand for electricity. The company has the world’s largest portfolio of foreign construction projects (36 NPP units in 12 countries). It also has second largest uranium reserves and is the world’s fourth-largest uranium producer. In addition, Rosatom accounts for 17% of the global nuclear fuel market. Rosatom manufactures equipment and produces isotopes for nuclear medicine, carries out research and material studies. It also assembles supercomputers and designs software as well as different nuclear and non-nuclear innovative products. Rosatom’s strategy is to promote green energy projects, including wind power. Established on 18 December 2007, Rosatom brings together about 400 enterprises and organisations, including the world's only nuclear icebreaker fleet, employing around 250,000 people.
The EDB Media Centre, Rosatom’s Communications Department
The EDB Media Centre:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)
Rosatom Press Service:
Communications Department at Rosatom
Andrey Ivanov
(499) 949 2801, (499) 949 4412, (499) 949 4634