Inter RAO Engineering, a state-run Russian firm, has offered to invest $2 billion in energy projects in Pakistan including the Mohmand dam in Pakistan. Inter RAO Engineering is one of the largest Russian public energy companies. It has joint ventures with European companies like Siemens in Russia.
The Russian wants this deal to be made on the government to government basis between Russia and Pakistan. The Russian company has offered exclusive help for building Mohmand dam and is already building a dam in Afghanistan on Kabul river.
Russia and Pakistan have already signed a deal to build north-south LNG pipeline. The two countries have also signed MoU (memorandum of understanding) for an offshore gas pipeline project. After that, Russia’s state-run has offered Pakistan investment in sectors of energy and water.