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Russia Negotiating Deals to Provide Electricity to Both Koreas

Nov 13, 2006 - BBC Monitoring, Choson Ilbo website, Seoul

Russia has been negotiating deals to provide electricity to South and North Korea. According to a Russian official, the two energy projects are being proposed by the Far Eastern department of Russia's electricity monopoly Unified Energy Systems (UES).

The projects are to help meet the North's demand for much-needed electricity to bolster its sagging economy while at the same time provide South Korea with power for its bustling economy.

The UES believes the project may also introduce a certain amount of stability on the Korean Peninsula as it brings the two Koreas together under a same goal.