Tata Power Company, an integrated power company, announced that it has signed a Memorandum of Understanding (MoU) with Russian Direct Investment Fund (RDIF) to develop investment opportunities in the energy sector. The agreement was signed during the state visit of Russian president Vladimir Putin to India.

RDIF and Tata Power will cooperate on identifying and targeting investment opportunities in the energy sector across Russia in order to develop mutually beneficial transactions.

Speaking on the development, Anil Sardana, CEO & managing director, Tata Power stated ''It gives us immense pride to announce our association with Russian Direct Investment Fund. RDFI are known to be reliable and world class financial and strategic investors and Tata Power looks forward to working with them on identifying opportunities across the energy chain, thereby strengthening India's relations with Russia. The signing of this MoU is a significant milestone for Tata Power and we endeavour to be a significant player in the international energy market.''