Central regions | Energy, utilities | Technology & innovation
Moscow eyes Energy House innovation energy park
24 Aug '11
Innovations in Electrical Energy, a Moscow-based not-for-profit partnership working to support the interests of Russia’s 30 largest energy sector players—has announced plans to create in the Russian capital the Energy House innovation energy park, RIA Novosti reports, citing the partnership’s director, Eduard Naumov.
The prospective energy park will reportedly bring together “intellectual and technology resources for developing and commercializing innovation in the electrical energy sector” as well as present cutting-edge R&D projects in the sector.
“Energy House should be set up as a private-public partnership (PPP). The project will require an estimated $207m in investment, of which most would cover construction and the rest would buy equipment. The construction phase will take 40 months. However, when it is completed is not yet clear as we still have to find a site to build, secure partner support and obtain a number of permits, including those of the RF Ministry of Energy and Moscow authorities,” Mr. Naumov said.
He believes Energy House should also become a modern interactive exhibition and conference hall with a mission to “promote professional international and cross-sectoral exchange and advance values and knowledge related to innovation in energy.”
The Innovations in Electrical Energy leader feels the future energy park will help “link science and practice through venture business that turns ideas into technology.”
He added that his partnership was in talks with potential partners; Russian Venture Company and a number of energy firms have reportedly shown interest in the project.
Set up on September 23, 2003, Innovations in Electrical Energy promotes interests of Russia’s 30 movers and shakers in the energy sector. Its mission is to help lay the foundation for a innovative environment in Russia’s electrical energy in the best interests of the state and its member-companies.