 development of energy cooperation between the EU and Russian companies;  facilitation of activities between the EU and Russian investors;  overcoming disputes between the EU and Russia in electricity and other energy sectors;  searching practical priority areas of mutual interest;  supervising and assistance in practical realization of mutual projects;  creating a universal platform of collaboration.

 development of the renewable energy and energy efficiency by co-funding joint projects in Russia and the EU;  harmonization of technical regulations, standards in electricity and regulatory economic/market mechanisms;  presentation of investment projects and attracting potential investors (e.g. Baltic NPP);  increasing the controllability of unified energy grids (“smart grid technologies”) and the UPS (flexible capacities);

 promoting collaboration between the JSC “SO UES”, JSC “FGC UES” and ENTSO-E ;  promoting the EU-Russia power systems interconnection (synchronous or non links);  providing information for business community in energy legislation of Russia and the EU member states;  legal providing of energy projects for Russian and European investors;  scientific collaboration in the energy sector.

 The Center should be financed at the expense of the European and Russian business companies, private investors and self-business activity forwarding to fulfill the objectives.

The Center should be incorporated by all interested energy business sponsors by means of two legal entities (limited liability companies) according to the Belgian and the Russian legislation. It should have two headquarters in Brussels and Moscow. In prospect two companies may be merged in a non- profit company.

 1 step – informing the European and Russian business community about the project;  2 step – consolidation of this initiation in the Consolidated Progress Report on Energy Roadmap to 2050;  3 step – drafting the list of founders of the European and Russian parties and classify the charter capital of two companies;

 4 step – organizing the meeting of founders and election the Board of Directors for both companies and CEOs;  5 step – registering the companies in Brussels and Moscow;  6 step – recruiting the staff and opening offices in Brussels and Moscow;  7 step – establishing the Energy Development Fund.

Coordinators of the project:  Vitali Zamyatin - Russia  Christian Cleutinx - EU