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Rostegh and Shenhua will develop the industrial and logistics infrastructure of the Far East

State Corporation Rostec and the Chinese corporation "Shenhua" signed a memorandum of understanding. The agreement will make it possible to comprehensively solve the problem of developing the industrial and logistics infrastructure of Siberia and the Far East, it is planned to cooperate in the field of investments and joint development of coal deposits and the development of related infrastructure. Rostec also plans to build generating facilities at the fields and high-voltage transmission lines to export electricity to China, the company's press service reports.

Rostec's subsidiary RT-Global Resources is implementing investment projects for the development and development of the Ogodzhinsky coal deposit in the Amur Region, the construction of the Port Vera coal sea terminal in the Primorsky Territory and the construction of a coal-fired power plant for the sale of electricity in Russia, China and the Asia-Pacific countries. Together with the construction of power generation facilities, the total investment will amount to about 8-10 billion US dollars.

According to preliminary calculations and world practice, the estimated payback period for the Ogodzhinskoye field is 8 – 10 years. In the shortest possible time, the Chinese partners intend to conduct a comprehensive analysis of projects (due diligence). Created joint working groups that will deal with the structuring of the investor in the projects. 

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