Tata Power eyeing $500 Mn Investment In Solar Projects in Russia

Tata Power eyeing $500 Mn Investment In Solar Projects in Russia

Tata Power is planning to partner RDIF – Russian Direct Investment Fund; in its endeavor to invest about $1 billion into several solar/renewable energy projects to come up across Russia.

Tata Power, will invest almost half of the total investment which is around $500 million.

A detailed list of the exact locations of these projects is being prepared and would be ready by early 2015.

RDIF is keen in developing joint projects in India in the near future.

In the recent past, the slow strengthening of the ties between India and Russia is quite evident; especially after the recent sanctions leveled against Russia. It would lead to strengthening Russia’s ties with China, India, and other regional players.

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