Federal Hydro Generating RusHydro : RusHydro to cooperate with Korea Water Resources Corporation

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that it has signed a letter of understanding with Korea Water Resources Corporation (K-water). The document is aimed at cooperation in hydropower, renewable energy sources and environmental issues of water usage; and refers to design, construction, operation and maintenance of hydro facilities and project financing.

RusHydro and K-Water agreed to consider a possibility of cooperation in implementation of projects on the territory of Russia, South Korea and other countries. This collaboration provides for joint research, exchange of technical know-hows in terms of hydropower facilities modernization and other businesses development.

The signed document is valid for two years and may be prolonged. The parties will form a working group that will be responsible for discussion and making decisions on potential joint projects and preliminary terms of financing. 

About K-Water

Government-owned corporation, K-water was founded in 1967; the company operates 30 multi-purpose dams, 69 integrated regional water supply systems and 14 facilities for industrial water utilization. As of today, total installed capacity of K-Water's renewable energy sources amounts to 1.3 GW, including the world's largest Sihwa-lake tidal power plant (254 MW). Since 1994, the company has completed more than 40 projects in 23 countries, 24 projects are being implemented. 

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.