Russian power lines project for exports to China valued at $6bn

22 March 2007 - The Russian Federal Grid Company (FSK) has valued the construction of electric power lines under a project to export Russian electricity to China at some $6bn.

"The construction is estimated at $6bn," member of the FSK executive board and capital construction director Alexei Maslov.

"If the project is launched its budget will be reflected in the price at which China will buy electricity," he said. "If this [electricity supply] 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 Maslov.

Sponsored by FLSmidth

Related Articles

Duke Energy to purchase solar power from three North Carolina projects

Duke Energy Progress (NYSE: DUK) has entered into a long-term power purchase agreement for three solar photovoltaic (PV) projects, totaling 21-MW, from Ecoplexus Inc.

A Look Back: The 2013 Projects of the Year Award Winners

A Look Back: The 2013 Projects of the Year Award Winners

Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Power Industry Wire News

Arabella Exploration Increases Ownership in Producing Properties

Arabella Exploration Increases Ownership in Producing Properties

National Automation Services, Inc. Reports Third Quarter 2014 Earnings, Gross Profit up 286% and Revenue up 23% Sequentially

National Automation Services, Inc. Reports Third Quarter 2014 Earnings, Gross Profit up...

Oil & Gas Projects Top Investment List for Australia's Northern Territory, an Industrial Info News Alert

Oil & Gas Projects Top Investment List for Australia's Northern Territory, an Industria...

KuangChi Science Is Going to Launch the 'Traveller' in New Zealand

KuangChi Science Is Going to Launch the 'Traveller' in New Zealand

Landmark Settlement Protects Colorado Roan Plateau

Landmark Settlement Protects Colorado Roan Plateau

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>


Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland