RAO UES Reportedly Increasing Electricity Exports to China
Posted on: Wednesday, 19 September 2007, 09:02 CDT
Russian state-owned electricity titan RAO UES has said that it will increase electricity exports to China in a phased manner from 2008, reported Russian press agency RIA Novosti, quoting a deputy chairman of the company.
The report quoted Leonid Drachevsky as saying: "We have an agreement on power exports to China, which includes three stages, and we will start implementing the first stage next year."
Elaborating on the proposal, Mr Drachevsky said that RAO UES plans to export between 3.6 billion kWh and 4.5 billion kWh per year in the first stage. In the second stage this will be increased by 18 billion kWh annually, while in the third stage, this will in increase by a further 38 billion kWh a year, RIA Novosti revealed.
Mr Drachevsky is also reported to have confirmed that Russia is ready to supply electricity to Korea, but is now awaiting offers from foreign investors.
Mr Drachevsky said: "Supplies of electricity to the Korean peninsula could guarantee stability in regional hot spots, including those that are experiencing a deficit of power resources."
Source: Datamonitor
Related Articles
- World Energy Surpasses 1 Billion kWh in New Electricity Contracts for Ohio's FirstEnergy Service Territories
- Significant Savings From First Electricity Auction Prompts State of Connecticut to Return to World Energy Exchange
- City of Waco Conducts Successful Electricity Auction on World Energy Exchange
- Iberdrola Renewables Annual Power Production Up 87%
- Three Gorges Project Power Generation Up 25%
- RWE and EOS Sign 10-Year Power Exchange Agreement
- Ultra High Voltage: the Future of Electricity Transmission
- RAO UES Increases Electricity Generation in 2006
- China's Three Gorges Power Project Generates 100 Bln Kwh of Electricity
- Yangtze Riber Hydropower Stations to Generate 66 Billion Kwh of Electricy This Year
 |
 |
User Comments (0)
RSS Feeds