Go to the GENI Home Page
  What's New Go to the GENI Home Page Site Map Shopping Contributions
A solution to global problems

What's GENI?  - A Brief Description
Endorsements of GENI - Individuals, Governments, Organizations
Global Issues - What GENI Means for You and Society
Frequently Asked Questions about GENI and Global Issues
Library - Buckminster Fuller, Donor Letters, Energy Trends, GENI, Glossary, Industry Links, Media Coverage, Newsletters, Organizations, Technical Articles, Related Articles
GENI Policy - Renewable Energy Policy Drivers
GENI Projects - Computer Simulation, Documentary, Conference, Web Site
About GENI - Contact Information, Staff, Board of Directors, Affiliates, Jobs, Site Map
Store - Shop and Buy GENI and Bucky products
Support GENI - Your contributions makes this site possible

Go to GENI multimedia Go to GENI multimedia. Go

Subscribe to GENI newsletter

E-mail a Friend about GENI
GENI Forum
GENI Downloads

E-mail GENI
GENI information
About Us

Electricity Trade Flourishes

By Jiang Wei (China Daily)
Updated: 2006-03-23 06:20

China and Russia are poised to expand electricity trade, a major step toward co-operation in the energy sector.

"We expect to realize a large-scale cross-border electricity supply during the next 10 years," said Zheng Baosen, executive vice-president of State Grid Corporation of China.

This year, Zheng's company and the largest electricity producer in Russia are scheduled to launch a feasibility study of plans for Russia to supply electricity to China.

According to the plan, the Chinese company will increase its current electricity import from Russia by fourfold, up to 18 billion kilowatt hours by 2010.

By 2015, Russia's electricity supply will not only reach Heihe of Northeast China's Heilongjiang Province, but also the electricity grid across Northeast and North China.

After a long-term co-operation agreement was signed between the two companies last July, they have already fixed the method of supply, volume and pricing principles for the supply through Heihe.

Some Russian entrepreneurs have suggested the two countries should turn more attention to co-operation concerning production of electricity appliances.

Experts said China and Russia compliment each other in terms of the electricity market. China has grown into a huge electricity consumer with potential of further growth, while Russia, abundant with waterpower, is able to produce electricity beyond its domestic demand.

The joint electricity project is not the only move the two countries have made to expand their co-operation on energy and resources.

Russia and China agreed to build two major gas pipelines to ensure Russian gas supply to China.

The agreement, expected to cost around US$10 billion, was signed by China's largest energy firm the National Petroleum Corp (CNPC) and Russian natural gas giant Gazprom.

More Chinese companies are seeking business opportunities in the neighbouring country.

China's top coal miner Shenhua Group was also interested in coal exploration in Russia, said Shenhua Vice-President Zhang Yuzhou. But he declined to elaborate on details.

(China Daily 03/23/2006 page9)

Tell your friends about this page!

Bookmark this page — Add this to your Favorites
If you speak another language fluently and you liked this page, make a contribution by translating it!

For additional translations check out FreeTranslation.com
(Voor vertaling van Engels tot Nederlands) (For oversettelse fra Engelsk til Norsk)

GENI — PO Box 81565, San Diego, CA, USA 92138    Phone: +1 (619) 595-0139
Fax: +1 (619) 595-0403     Email: info@geni.org     http://www.geni.org    
Updated: 2016/06/30
Site Feedback to Webmaster   GENI Privacy PolicyGENI Legal DisclosuresGENI Corporate Sponsors
Go to Top of Page
Copyright 2001-2006 GENI. All Rights Reserved