CTG, RusHydro Embrace New Opportunities for Cooperation

China Three Gorges Corporation (CTG) held discussion with RusHydro, a major hydroelectricity company in Russia, for deepened cooperation in the power sector on November 29 in Beijing.

Wang Lin, CTG’s president, said that energy cooperation between China and Russia is one of the priorities for bilateral cooperation and an essential part of the China-Russia comprehensive strategic partnership. In recent years, with two governments’ support, the two companies have close exchanges and collaboration on hydropower technologies and project investment. 

Russia is an important country along the Belt and Road initiative with rich hydropower resources in its Far East and Eastern Siberia regions. 

“As two major hydropower companies in each country, the two parties have developed a good basis for further cooperation,” Wang said. He wishes to press ahead with cooperation in key areas of hydropower project feasibility research, power plant operation and construction technology, and cooperation in third markets.

Nikolay Shulginov, chairman of the management board of RusHydro, said that they were here to participate in the China-Russia Energy Business Forum, and the organization of such event confirmed the importance the leaders from both countries attached to the energy cooperation, which in turn meant that energy communities in the two countries shared extensive common interests. 

Shulginov, also general director of RusHydro, hoped to learn more about CTG and its experiences and practices regarding the planning, development and operation of large-scale hydropower stations so that the two companies could leverage their competitive advantages and bring partnership to the next level.