The "Resorts of the North Caucasus (CSC)", the South Korean company "Korea Western Power" and "CHT Korea" have created a Russian-Korean joint venture, which will supply the tourism cluster with power and will be built in Southern Russia, RIA Novosti reports.
Earlier it was reported that the CSC and the French state holding company "Caisse des Depots et Consignations" had created a joint venture to develop the tourist cluster, entitled "International Development of the Caucasus".
Five new world-class ski resorts will be built in the North Caucasus by 2020: Lagonaki (Krasnodar Territory, republic of Adygea), Arkhyz (Karachaevo-Cherkessia), Elbrus-Bezengi (Kabardino-Balkaria), Mamison (Republic of North Ossetia - Alania) and Matlas (Dagestan).
Joint Russian-Korean energy company to be created in North Caucasus
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