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"RusHydro" plans to register a joint venture with the Chinese corporation "Three Gorges" for the construction of hydroelectric power stations in the Amur basin

RusHydro plans to register a joint venture with the Chinese corporation Three Gorges within 4 months to implement a project for the construction of hydroelectric power plants in the Amur basin, said the head of RusHydro Yevgeny Dod.

The companies earlier in November in Beijing signed an agreement providing for the creation of a joint venture with the distribution of shares between RusHydro and a Chinese company 51% to 49% for the construction of flood-resistant hydroelectric power plants in the Amur Region and Khabarovsk Territory.

"I am sure that we will register this company within 4 months according to our corporate schedule, we will contribute money to the authorized capital. The amount of funds has not been determined at the moment. The most important thing is that the financing structure is determined," Dod told reporters.

According to him, 75-80% of financing will be borrowed, which will be provided by Chinese banks, under the guarantee of electricity supply to China.

"In 2015, a feasibility study and design documentation for two stations will be prepared, after which we will begin to enter into contracts, in a year and a half," Dod added.

The question of building such hydroelectric power plants arose after a severe flood in the Far East in 2013. At the beginning of this year, RusHydro sent a project to the Ministry of Energy to build four hydroelectric power plants in the region.



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