China & Russia to Deepen Cooperation on Electric Power

Aug 13, 2007 - SinoCast

HEILONGJIANG, Russia and China will speed up their cooperation on the electric power industry.

The electric price will be probably decided by the market itself in the first phase of their cooperation, while the two parties hope to take the the international standard for reference when setting the price in the second and third phases of their cooperation, said Yuri Sharov, the vice president of Unified Energy System of Russia, one of the largest and most important entities in Russia's power industry.

The construction of the first phase of Russia's project to supply power to China has been already officially started in Heihe of Heilongjiang Province in late July 2007, in accordance with the statistics of State Grid Corporation.

Russia will transmit 750 MW of electric power in the first phase and add 3,600 MW and 6,800 MW in the second and third phases respectively, so the total power supply will probably reach 11,000 MW finally, added Yuri Sharov.

The contracted scale of the first phase is smaller, mainly because Russia can only supply electric power by the existing coal-fired power plants and hydro power plants of the grid system in the Russian Far East.