Ruia-family owned Essar Power has signed an initial agreement with Russia’s INTER RAO-Export LLC to collaboration in the power sector in India, the Indian firm said today. The memorandum of understanding and strategic cooperation was signed in St Petersburg, Russia last week, Essar said in a statement.
Maxim E. Sergeev, Director General of INTER RAO – Export LLC, and Ravi Ruia, co-founder, ESSAR, signed the agreement on the sidelines at St. Petersburg International Economic Forum 2018.
“The objective of the document is to integrate the capacities of both companies for operations in the power market of India,” the statement said. Read More