OREANDA-NEWS. June 05, 2009. The state-run electricity export-import operator Inter UES expects to sign at the St. Petersburg Economic Forum two agreements, with EDF’s subsidiary and Kuwait-based Fouad Alghanim & Sons Co, the company reported. On Friday, Inter UES plans to ink an agreement on intentions with VTB Capital and Kuwait-based Fouad Alghanim & Sons Co for General Trading & Contracting.

A source familiar with preparation of the document said that the formation of a joint investment fund for the electric power industry is at issue. Earlier, Inter UES did not participate in investment funds. The second document which Inter UES expects to sign is a memorandum of understanding with a subsidiary of French EDF – Fenice.