Project to Build Power Lines for Electricity Exports
to China Valued at $6 Bln
Mar 2, 2007 - Daily News Bulletin
Moscow : The Federal Grid Company
(FSK) values the construction of electric power
lines under a project to export Russian electricity
to China at some $6 billion.
"The construction is estimated at
plus-minus $6 billion," member of the FSK executive
board and capital construction director Alexei Maslov
said at a news conference in Moscow on Tuesday.
"If the project is launched its budget
will be reflected in the price at which China will
buy electricity," he said. "If this [electricity
supplies] is economically expedient - judging from
an estimate - spending on the grids will be reflected
in the proceeds," he said. The FSK, which will manage
the construction and operation of the power lines,
will be able to draw outside funding, or get resources
directly from the operator of the project, which
is a party to the contract with China, Maslov said.
But the project is still in the making,
and estimates of the investment required at each
stage of the project have not been completed, said
(c) 2007 Daily News Bulletin; Moscow
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