17 Jun '11
National hydro operator RusHydro and Iceland company Reykjavik Geothermal intend to set up a joint venture company to build geothermal stations, news site UNOVA reports.
Under plans, the future venture company is to specialize in construction of geothermal stations with set power capacity of 200 MW.
The control stake in the JV is to be held by RusHydro. RusHydro is to act as the investor in the project, while Reykjavik Geothermal is to be the managing company.