Russian Media: State Grid Will Resume Construction Of Russia's Largest Coal-fired Power Plant

- Jun 14, 2018-

Russian media said the unified energy system of Russia's international company (Intel RAO UES) and state grid corporation of China (SGCC) decided to resume cost more than $10 billion of Russia's largest coal-fired power plant construction project.

According to Russian satellite news agency reported on May 30, Moscow Russia business consulting Daily (RBC) Daily quoted unnamed sources close to the project participants reported that Russian foreign Banks can provide project financing, and the China development bank will as common investors.

Previously reported, unified energy system of Russia's international company with the state grid corporation of China is research in the capacity of 8000 megawatts armur state construction of Russia's largest coal-fired power plants and transmission lines are forecasted.The plant will be able to export 300-500 kilowatt-hours a year to China, but the project was suspended last year because of a drop in China's electricity consumption.

The two sides now plan to restart the project, but the planned capacity of the power plant will be cut in half to 4,000 megawatts and the project will cost $10 billion, down from $15 billion, the report said.