21.11.13

Sberbank of Russia and Schneider Electric sign a Memorandum of Understanding and agree to cooperate in energy efficiency

21 November 2013, Moscow - Sberbank of Russia and Schneider Electric have signed a Memorandum of Understanding and outlined methods of cooperation in order to implement energy efficiency projects, including the use of the energy service model.

The partnership of the companies in the field of energy service contracts will help to implement projects aimed at the improvement of energy efficiency. Using the international expertise and advanced equipment of Schneider Electric, as well as the financial capacity of Sberbank of Russia, energy saving programs will be made more accessible to many Russian clients and the energy and environmental efficiency of Russian companies will be enhanced.

Energy service contracts (or performance contracts) are special forms of agreement for the implementation of measures aimed at reducing costs by increasing energy efficiency and introducing technologies of energy efficiency. A distinctive feature of the energy service contract is that under this type of relationship the energy consumer does not spend his capital initially by implementing a set of measures for energy efficiency. Investment required for the project implementation is instead raised by the energy service company and the consumer reimburses the costs at a later date with the savings achieved as a result of the introduction of energy-saving programs.

"Sberbank of Russia has been actively involved in the work aimed at improvement of the energy efficiency of the Russian companies. The focus of our attention, of course, is our customers from different sectors of the economy, including companies that supply resources. On our platform we integrate technical competences and financial solutions. That's why it is so important for us to establish partnerships with technology providers with high reputations. We expect synergies from the combination of competences, meaning, first of all, the ongoing development of business from our clients - energy consumers", - said Vsevolod Gavrilov, Director of the Energy Efficiency and Natural Resources Project Management Directorate of Sberbank.

"In Russia, the market for energy services is still in its formative stage, but it has great potential, and the company Schneider Electric has every reason to become one of the key players in this market. Schneider Electric has extensive international experience in the implementation of measures for improving energy efficiency and, in particular, the implementation of energy service contracts. The competitive advantage of Schneider Electric is that the company can implement complex projects on a turnkey basis, relying on an extensive experience and expertise in conducting energy audits, implementation of energy management systems and a wide range of reliable and modern equipment", - said Jean-Louis Stasi, President of Schneider Electric in Russia, Senior Vice President for the CIS countries.

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Sberbank of Russia
Alexander Baziyan
Public Relations  
Tel. +7(495) 957 5721
media@sberbank.ru

Schneider Electric
Ivan Kling
Public Relations  
Tel.: +7(495) 777 9990, ext. 1083
ivan.kling@schneider-electric.com

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with more than 18,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru.

Schneider Electric is a world expert in energy management. Offices of the company successfully operate in more than 100 countries. Schneider Electric offers integrated energy-efficient solutions for energy industry and infrastructure, industrial enterprises, the objects of civil and residential construction, as well as data centers. More than 140,000 employees of the company which turnover in 2012 reached 24 billion Euros are actively working in order to ensure that energy become safe, reliable and efficient. The company's motto is "make the most your energy".

Schneider Electric Russia & CIS is a fully owned subsidiary of Schneider Electric Group. The company with its head office in Moscow has representative offices in 31 cities of Russia. Schneider Electric production base in Russia is represented by 6 operating plants and 3 logistics centers. It has its own Research and Development Center. www.schneider-electric.ru

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