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RAO UES Reaches Russia’s-Chinese Border
RAO UES of Russia launches the project to export electricity to China. In tandem with that country, it intends to construct on Russia’s-Chinese border in the following five years a string of power stations with the overall capacity of over 10,000 MW. The main thing today is to agree on the prices. The stations will generate electricity for China exclusively and no project will be implemented, if RAO UES doesn’t find attractive the price for selling electricity there.
The draft feasibility study for constructing several power stations on Russia’s soil but close to Chinese border will be developed in the near term, Leonid Drachevsky, deputy board chairman of RAO UES, announced yesterday. The aggregate capacity of the stations is estimated at 10,000 MW, the yield is expected to reach 60 billion kWh (twice as much as all electricity produced in the Far East).
The sources said most of the stations will operate on coal, and the project worth could reach $10 billion. The coal will be supplied by Siberian Coal Energy Co. from deposits of Primorie and Khabarovsk districts, Amur and Chita regions.
China will provide the equipment for the stations, and it will be of Chinese make.
The project is implemented under the memorandum that RAO UES CEO Anatoly Chubais and China's State Power Grid Corp. General Manager Liu Zhenya sealed in March. But the final approval for the project will be given by Russia's PM Mikhail Fradkov during his visit to China that is slated for November.
The details of the project and its funding haven’t been determined so far, said a source close to RAO UES. It is yet unclear what party will actually own the stations and at what price RAO UES will be selling electricity to China.
www.kommersant.com
All the Article in Russian as of Oct. 05, 2006
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