looking to expand its international footprint, Tata Power, along with Russian sovereign wealth fund RDIF, will explore investment opportunities in the Russian energy sector. In this regard, the power producer has inked a Memorandum of Understanding (MoU) with Russian Direct Investment Fund (RDIF)."RDIF and Tata Power will co-operate on identifying and targeting investment opportunities in the energy sector across Russia in order to develop mutually beneficial transactions," Tata Power said in a statement.The pact has been inked during the visit of Russian President Vladimir Putin.
"The signing of this MoU is a significant milestone for Tata Power and we endeavor to be a significant player in the international energy market," Tata Power CEO and Managing Director Anil Sardana said.