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    Italian energy giant may take part in Skolkovo project

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    Italy's largest power company Enel may take part in Russia's Skolkovo innovation hub, the company's CEO Fulvio Conti said on Thursday.

    Italy's largest power company Enel may take part in Russia's Skolkovo innovation hub, the company's CEO Fulvio Conti said on Thursday.

    Skolkovo, dubbed Russia's Silicon Valley, is being built from scratch 20 km (12.4 miles) outside of Moscow. The center will focus on research in five priority spheres: energy, information technologies, communication, biomedical research and nuclear technologies.

    Conti said Enel was highly interested in developing innovations.

    "A decision on participating in the Skolkovo project would be taken after we examine all the conditions: figures, plan, profit rate," Conti said, adding that first of all the energy giant would like to see the conditions of participating and evaluate them.

    Enel produces, distributes and sells electricity and gas across Europe, North and Latin America. The company has a presence in 22 countries with approximately 95 GW of generating capacity and serves nearly 60 million power and gas customers.

    Russia considers the development of the high-tech and innovation sector a top priority, pledging billions of dollars to finance the sphere.

    MOSCOW, July 8 (RIA Novosti)

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