RusHydro, Government of Magadan region and Kawasaki Heavy Industries sign Cooperation agreement
September 6, 2017. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY), the Government of Magadan region and Kawasaki Heavy Industries have signed a Cooperation agreement at the Eastern Economic Forum in Vladivostok.
The Memorandum was signed by Nikolay Shulginov, Chairman of the Management Board - General Director of RusHydro, Vladimir Pecheniy, Governor – Chairman of the Government of Magadan region, and General Manager, Corporate Technology Division of Kawasaki Heavy Industries, Koji Kadota.
Starting from 2013, RusHydro, Kawasaki Industries and the Government of Magadan Region are cooperating in determining feasibility of a liquefied hydrogen project in the Russian Far East. According to the signed document Kawasaki Heavy Industries will update the preliminary feasibility study for the project of a liquefied hydrogen production plant. In turn, RusHydro and the Government of Magadan region will provide support, necessary for the update. In particular, the Government of Magadan region will provide information on potential sites for the plant location.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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