En+ Group and China Energy Investment Corporation signed letters of intent to jointly develop low-carbon energy industry.
En+ Group and China Energy Investment Corporation signed letters of intent to jointly develop low-carbon energy industry, specifically focusing on HPPs and alternative types of energy generation.
The parties will also explore the potential for increasing power exports from Russia to China via existing power transmission lines with emphasis on green energy from HPPs.
Mikhail Khardikov, Chief Operating Officer at En+, noted:
"The achieved agreements mark a new step in energy cooperation between our nations. They will help preserve and develop Russia's competencies in the construction of renewable-energy power plants and provide Russian and Chinese companies with clean energy, aligning with global efforts to reduce the carbon footprint."
The parties are also to organise bilateral study visits to exchange experience and collaborate in the fields of coal chemistry, production of biodegradable plastics and resins, coal TPP gas treatment technologies, and industrial control systems, as well as power equipment operation and maintenance.
Additionally, the agreement entails joint development of the Zashulanskoye coal deposit, aiming for an output of 5 million tonnes of steam coal of D, DG, and G grades per year by the end of 2027. The project will help create approximately 1,700 jobs in the Zabaikalye ASEZ. Investments will encompass the construction of an opencast coal mine, infrastructure, and a road, as well as the establishment of a non-public railway station Girshelun-Ugolnaya and the acquisition of machinery and equipment.
