Rusnano, a Russian state-backed investment organisation, and the country’s largest national hydroelectric power company, RusHydro, plan to set up a $200m venture fund on an equal basis.
Rusnano president Anatoly Chubais said the prospective venture fund was expected to focus on projects in the field of electricity generation, according to news agency MA-agency.ru.
Separately, Rusnano has invited Chinese partners to create a joint fund of undisclosed size for investment in nanotechnology.
Chubais said both countries would contribute equally to the fund as Beijing already invests “gigantic” sums in that sphere.
– Photo courtesy of RusHydro