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Inter RAO and SAP to launch a new IT product for the Russian electric power industry

PJSC Inter RAO and SAP announce the establishment of a joint venture Inter RAO – Platform to implement projects in electric power industry and transfer the world's advanced technologies.

Within the joint venture, it is planned to create software based on SAP's innovative platform, implement a business model making it possible to distribute, introduce and use the new products, which would be safe and economically efficient for partners and Russian electric energy companies.

In addition, the joint venture will ensure synergy between the best practices of Inter RAO and SAP, in order to create an innovative product for managing energy assets. For instance, it is planned to establish an enterprise which will ensure the development of an ecosystem for implementing and supporting the solutions which are being developed, the development of Russian software and competences, and making the systems created less dependent on foreign developments.

"We aim for import substitution, and today we have already begun to create a new business model for the power industry, and introduce promising technologies, including jointly with SAP," said Boris KOVALCHUK, Chairman of the Board of JSC Inter RAO. - Apart from technical implementation of a number of projects, Inter RAO experts will assess the economic efficiency of new technologies and the possibility of offering new solutions to the industry, which would certainly pay off."

"We are happy to work on digital transformation of the electric power industry with such a strong partner as Inter RAO," said CEO of SAP CIS Pavel GONTAREV. - I am convinced that we will create solutions which will be unique not only for Russia, but also for other countries."

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Inter RAO Group Publishes Consolidated IFRS Financial Statements for the First Six Months of 2017
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Reference

Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business.

The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates approximately 32 GW of installed power generation capacity.

www.interrao.ru