Published on : May 13, 2015
China’s Three Gorges Corp. and RusHydro from Russia have agreed to work together on the hydroelectric plant on the river Bureya on the Russian side. The two government based corporations signed a pact on May 8, 2015 to work together and collaborate on the 320-megawatt hydroelectric power project on Bureya a tributary of Russia’s river Amur. The river Bureya is situated near the border between Russia and China.
The Nizne-Bureyskaya plant construction began in 2010 and by 2015 by RusHydro, based in Krasnoyarsk. Work crews had poured 60 per cent of concrete in the plant’s main facilities and installation of turbines, fittings, and floodgates had begun. The dam on river Bureya is scheduled for construction by 2016.
Nizne-Bureyskaya plant has the capability of generating 1.65 trillion watts of energy per year and will control and regulate overflows and limit flooding of populated areas nearby. The two corporations China Three Gorges and RusHydro will explore possibilities of building more hydropower plants on river Amur. Discussions and analysis about the economic feasibility will be conducted and joint venture plans to operate the facility are in the initial stage.
The general director and chairman of RusHydro, Evgeny Dod feels that the pact signed between Three Gorges and RusHydro is a landmark plan that will attract Chinese investments into the country. The president of China Three Gorges is of the opinion that they have achieved constructive progress which will reinforce cooperative partnership between China and Russia and benefit people in the river valley on both sides.
The deal between the two corporations is said to be nearly the size of $400 billion gas agreement in 2014 in which Gazprom agreed to supply 30 billion cubic meters of gas per year from Siberia to China.