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The daughter of the State Grid Company of China wants to invest in Sakhalin peat
Sergey Sheredekin, First Deputy Prime Minister of the Sakhalin Region, held talks with Zhang Shenji, General Director of Green Energy, a subsidiary of the State Electricity Grid Company of China.
The negotiations concerned the conditions for the supply of Sakhalin peat for use in the energy sector. As Sergei Sheredekin noted during the negotiations, the Sakhalin Region has been the leader of the Far Eastern Federal District in attracting investments from abroad for several years. Today, the region's task is to diversify investments - in addition to oil and gas fields, the region intends to attract foreign capital to other sectors of the economy. “Today, the region has 75 investment projects, their total cost is about $ 50 billion,” - noted the first deputy chairman of the Sakhalin Oblast Government. He also added that first of all the authorities of the region are interested in projects that are based on modern methods of mining.
Zhang Shenji, in turn, explained the purpose of their visit - "To find out the interest of local authorities in the construction of a plant for the production of fuel peat pellets with the participation of Chinese capital". He also noted that subsequently they were also interested in obtaining a license to extract peat from one of the Sakhalin deposits.