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May 25, 2018

Russian Railways and Enel agree on cooperation

Russian Railways and Enel S.p.A, acting in the interests of their Enel X global business line, engaged in the development of innovative products and digital solutions, and also representing the interests of its subsidiary in Russia, RUSENERGOSBYT LLC, have entered into a cooperation agreement.

The document was signed by Oleg Belozerov, CEO and Chairman of the Board of OJSC Russian Railways, and Francesco Starace, Chief Executive Officer and General Manager of Enel S.p.A, at the St. Petersburg International Economic Forum.

The purpose of the agreement is to establish long-term cooperation between the parties for the joint assessment and consideration of innovative projects, including the possible use of power storage facilities at Russian Railways in order to improve the reliability of energy supply, as well as to increase the through capacity of railways.

The parties plan to use the competencies of Enel S.p.A. and LLC RUSENERGOSBYT and involve, where possible, Russian start-ups and enterprises.

The parties also expressed their readiness to implement other areas of mutually beneficial cooperation aimed at the effective achievement of their set goals.

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