On July 15 in the framework of Russian-German intergovernmental consultations in Yekaterinburg with the President of Russia Dmitry Medvedev and the Chancellor of Germany Angela Merkel, a multipartite agreement was signed for expanding cooperation in energy efficiency.

The cooperation agreement in energy efficiency and promoting energy saving was signed by RENOVA StroyGroup, Siemens AG, Integrated Energy Systems Holding, German Energy Agency, OOO Rudea (Russian-German Energy Agency), the Ural Branch of the Russian Academy of Sciences and the Sverdlovsk Region Government.

The parties will support the initiatives for creating an energy efficiency scientific and production center in Akademia City. The center will develop and implement energy-saving products and technologies, increase energy-efficiency of construction projects in Akademia City and promote energy-efficient products and technologies in the Ural Region.

Energy-efficient technologies will be implemented in production, transfer and distribution of energy, renewable energy, construction, healthcare, transport, lighting and telecommunications. The results of the project Yekaterinburg as an Energy-Efficient City will be applied. In the framework of the project Siemens researched the energy-saving potential of the city and developed specific recommendations. Mr. Peter Lesher shared the research results at the St. Petersburg International Economic Forum in June 2010.

“The document is aimed to help achieve a long-term goal of the Russian economy - significant increase of energy efficiency”, said Mr. Peter Lesher. “Siemens has unique experience and advanced technologies. Our company will become a reliable strategic partner of Russia on its way to modern innovative economy”.

“We are excited about the promising partnership with Siemens. RENOVA StroyGroup traditionally places high emphasis on energy efficiency and energy saving, and the agreement opens up new opportunities”, said Mr. Veniamin Golubitsky, President of RENOVA StroyGroup, at the agreement signing ceremony.