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The First Russian-Chinese Project In the Field of Electric Power
December 13, 2017 20:28


For the first time, the Chinese energy company got control at the Russian enterprise specializing in electric power production. State corporation Huadian became the owner of 51 percent of Huadyan-Teninskaya power station in Yaroslavl.

The share of the Russian energy company TGK-2 in the enterprise was reduced up to 49 percent. The agreement on the establishment of the Huadyan-Teninskaya TPP was signed by TGK-2 and Chinese Huadian in 2011. The station with the power of 450 MW was launched in Yaroslavl in June 2017. This was the first and so far the only Russian-Chinese project in the field of electric power.

In July, the Russian Direct Investment Fund and the Development Bank of China agreed to establish a Russian-Chinese Investment Cooperation Fund. The fund will be formed in Chinese currency, and its scope will be 68 billion yuan (10 billion dollars). TGK-2 includes power generation companies in Arkhangelsk, Vologda, Kostroma, Novgorod and Yaroslavl regions.


Author: Anna Dorozhkina


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