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RusHydro, PowerChina To Look At Hydropower Projects In Russia

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Russia’s hydropower giant RusHydro and Chinese engineering firm PowerChina agreed Thursday to identify potential projects to cooperate on in Russia, according to the Russian utility’s press release.

MOSCOW (UrduPoint News / Sputnik – 29th November, 2018) Russia’s hydropower giant RusHydro and Chinese engineering firm PowerChina agreed Thursday to identify potential projects to cooperate on in Russia, according to the Russian utility’s press release.
The cooperation agreement was signed by CEOs at the Russia-China energy forum in Beijing, attended by dozens of energy executives, officials, and bankers.

“It provides for identification and analysis of potential projects in the hydropower industry of Russia. In the event of successful pre-project analysis, the parties will discuss possibility of further cooperation,” RusHydro said.

RusHydro Director General Nikolay Shulginov estimated that only 20 percent of the country’s hydropower potential had been harnessed. He said he looked forward to sharing expertise with China on the construction and maintenance of hydropower and pumped storage plants.

Source: UP

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