Russian hydropower project operator and energy giant RusHydro has assumed chairmanship of the Global Sustainable Electricity Partnership (GSEP), per proceedings at the organization's annual summit this past week.
RusHydro (LSE: HYDR) takes over for Duke Energy (NYSE: DUK), with a term that lasts from June 2013 to June 2014.
The company said that the theme it's chosen for this year -- "Innovations: A Shortcut to a Sustainable World" -- reflect its emphasis on collaboration, and international research and development.
"For the Russian utilities industry and for RusHydro in particular, this is a landmark event," said RusHydro CEO Evgeny Dod, whose company is the only Russian member of the GSEP. "We will do our best to launch projects advancing the theme of the year."
RusHydro's efforts began even before officially obtaining the chairmanship as the company hosted a seminar called "Large Hydropower on the Way to Sustainable Development" in Togliatti, Russia, earlier this year.
The GSEP was formed in 1991 and includes some of the largest utility companies from around the world. The partnerships goal is to "play an active role in addressing global electricity issues and to promote sustainable development worldwide."
Currently, the partnership has 14 members, including American Electric Power (United States), Duke Energy (United States), EDF (France), Enel (Italy), Hydro-Quebec (Canada), KANSAI (Japan), Comision Federal de Electricidad (Mexico), RWE (Germany), RusHydro (Russia), TEPCO (Japan), State Grid Corporation of China (China), Iberdrola (Spain), Eletrobras (Brazil) and Eskom (South Africa).