OREANDA-NEWS. En+ Group, Russia's leading mining, metals and energy group, and China Huaneng Group, one of the largest electricity producers in China, signed a framework strategic cooperation agreement. The agreement was inked by the President of En+ Group Oleg Deripaska and President of China Huaneng Group Cao Peixi witnessed by the Prime Minister of the Russian Federation Dmitry Medvedev and the Prime Minister of People's Republic of China Li Keqiang.

Under the strategic cooperation agreement the parties agreed to jointly develop power projects in Russia to feed the growing domestic demand for electricity and to supply electricity to China. En+ and Huaneng will also consider joint development of coal projects in Russia.

Oleg Deripaska, President of En+, commented: “We are further strengthening our cooperation with China and delighted to partner with China Huaneng Group with its unique expertise and experience in power sector”.

Mr. Cao Peixi, President of China Huaneng Group commented: “Huaneng attaches great importance on the cooperation with our Russian partner and we hope that the cooperation will achieve fruitful results in the coming future”.