Far East | Energy, utilities

$18bn electricity exports to fund Far East grids

26 Jun '09
The development of electrical networks in Russias Far East will be funded from Inter RAO UES electricity sales to China, RF vice-premier Igor Sechin announced today.

Inter RAO UES reportedly inked in February an $18bn agreement with Chinas State Grid Corporation (SGC) on energy exports from Russias Amur Region. Electricity exports are expected to top 1 billion kilowatt-hours by the end of the year.

Inter RAO UES is Russias major energy exporter. Its authorized capital is $7.3bn; the RF government owns 57.3%.
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Locations: Amurskaya oblast; China

Tags: Inter RAO UES (18) / Igor Sechin (1) / electricity exports (0) /

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