When China and Russia launched a number of cooperation in the oil and gas fields, cooperation between China and Russia in other energy fields has also received more and more attention. On July 18th, Artem Volynets, CEO of En+ Group, which owns Russia’s largest independent power generation company, Russia Energy Co., Ltd., visited China and received an interview with this reporter on China-Russia cooperation in the power sector.
China Energy News: How does the En+ Group view the energy cooperation between China and Russia? Which aspect will be involved?
Artem Volynets: China and Russia have great potential in the field of energy cooperation, and this potential has not yet been fully explored. Sino-Russian energy cooperation is now in a period of many opportunities and progress. For example, the oil pipeline between China and Russia has been completed, and the natural gas pipeline between China and Russia is under construction.
These are all based on the innate advantages of geographical location in both countries. In view of this, we believe that the cooperation between the two countries in the electricity sector is also promising. Through the construction of a power grid between the two countries, cooperation in power supply will be realized.
China Energy News: What is the feasibility of electricity cooperation between China and Russia?
Artem Volynets: From the market point of view, China's energy demand is growing, and the average annual growth rate can reach about 10% to 15%. As far as we know, 70% of China's electricity is currently generated from thermal power plants. The carbon emissions of this type of power generation model are very high. Although China's renewable energy power generation is still growing, it is still difficult to catch up with the demand for growth in terms of volume.
The electricity business of the En+ Group is mainly hydroelectric power in the Siberia region. This region is close to China, and after the transmission of electricity has been achieved, it will help China reduce its high-carbon emission power generation model.
In fact, transnational power transmission is not as difficult as it seems. A very simple example is the cooperation between the Canadian and U.S. grids. Quebec, Canada, supplies electricity to New York, and the distance from Quebec to New York is actually much greater than the distance from En+'s hydropower plants to the Northeast China industrial base. Therefore, we believe that the cooperation between the two countries in the electricity sector is not only feasible, but also very attractive.
We know that electricity demand has peak power usage and off-peak power usage. Hydropower has a great advantage in meeting the peak demand for electricity. For example, the transmission from Quebec, Canada to New York, is only during peak hours. According to our knowledge, the difference between peak electricity usage and off-peak electricity consumption in China can reach about 50%. If thermal power is used, it is very uneconomical. Because the thermal power plant must be guaranteed to run all the time, it takes 36 hours from the start of the boiler to power generation; but in the hydropower plant, it takes only 8 minutes to start the hydroelectric generator to generate electricity. Therefore, the hydropower plant is very economical in meeting the peak electricity demand. Effective. Our plan is to use the hydropower resources of Russia’s Siberian region to generate electricity, and then transmit electricity to China during the peak period of electricity use to help ease China’s pressure in this area.
China Energy News: At present, what cooperation has been started between the En+ Group and Chinese hydropower companies?
Artem Volynets: The Group’s Russian Energy Company (ESE) has already cooperated with China’s Yangtze Power (600900) and plans to develop hydropower projects in Russia to deliver electricity to China in the future.
At present, the two sides have established a joint venture company and signed a framework agreement in June this year for a joint venture project to build a series of power plants in Eastern Siberia. Future feasibility studies for three projects will also be carried out, including the Lenskaya thermal power plant, the Nizhne-Angarskaya hydropower plant on the Angara River, and the Trans-Sibirskaya hydropower plant on the Shilek River. It is planned to complete the feasibility study of the Lenskaya thermal power plant in the first quarter of next year.
China Energy News: Will the En+ Group consider participating in the construction of hydropower projects in China in the future?
Artem Volynets: We have no plans to build a hydropower station in China because this is not our core strength. The reason why Changjiang Power chose to develop its business in Russia is mainly because of the 80% unexploited hydropower potential in Siberia. In addition, the distance from Siberia to the northeastern industrial base of China is only 1400 kilometers. It is not a long one. With reference to the Canadian experience of transmitting electricity to the United States, this is technically feasible.
In addition, we are also discussing the construction of the power grid with the State Grid of China and the Russian Federal Grid Corporation (FSK). According to the plan, this will connect the eastern region of East Siberia and northeast China industrial base. However, the discussion on power grid construction is still at a very preliminary stage. The specific implementation will be the next step.
China Energy News: In addition to hydropower, does the En+ Group have other power projects? Will it cooperate with China in the future?
Artem Volynets: The En+ Group also owns a variety of resources including mines, molybdenum mines, iron ore and coal. Among them, ESE and Russia's state-owned nuclear power company (Rosatom) set up a joint venture company with 50% each, and is developing a small-scale nuclear reactor with a generating capacity of about 100 megawatts. This kind of nuclear reactor is very small and can be transported by helicopter. Its service life is 10 to 15 years. It was originally a Russian megaproject. We hope to achieve civilian use in 2018. Once mature in this area, the Group will also consider cooperating with China.
On the whole, the basic elements of cooperation between China and Russia already exist: Russia has resources and China has needs; Russia and China are very close, and both parties are also actively promoting cooperation. Therefore, we are very confident in the future cooperation with China in the electric power and other fields.
China Energy News: How does the En+ Group view the energy cooperation between China and Russia? Which aspect will be involved?
Artem Volynets: China and Russia have great potential in the field of energy cooperation, and this potential has not yet been fully explored. Sino-Russian energy cooperation is now in a period of many opportunities and progress. For example, the oil pipeline between China and Russia has been completed, and the natural gas pipeline between China and Russia is under construction.
These are all based on the innate advantages of geographical location in both countries. In view of this, we believe that the cooperation between the two countries in the electricity sector is also promising. Through the construction of a power grid between the two countries, cooperation in power supply will be realized.
China Energy News: What is the feasibility of electricity cooperation between China and Russia?
Artem Volynets: From the market point of view, China's energy demand is growing, and the average annual growth rate can reach about 10% to 15%. As far as we know, 70% of China's electricity is currently generated from thermal power plants. The carbon emissions of this type of power generation model are very high. Although China's renewable energy power generation is still growing, it is still difficult to catch up with the demand for growth in terms of volume.
The electricity business of the En+ Group is mainly hydroelectric power in the Siberia region. This region is close to China, and after the transmission of electricity has been achieved, it will help China reduce its high-carbon emission power generation model.
In fact, transnational power transmission is not as difficult as it seems. A very simple example is the cooperation between the Canadian and U.S. grids. Quebec, Canada, supplies electricity to New York, and the distance from Quebec to New York is actually much greater than the distance from En+'s hydropower plants to the Northeast China industrial base. Therefore, we believe that the cooperation between the two countries in the electricity sector is not only feasible, but also very attractive.
We know that electricity demand has peak power usage and off-peak power usage. Hydropower has a great advantage in meeting the peak demand for electricity. For example, the transmission from Quebec, Canada to New York, is only during peak hours. According to our knowledge, the difference between peak electricity usage and off-peak electricity consumption in China can reach about 50%. If thermal power is used, it is very uneconomical. Because the thermal power plant must be guaranteed to run all the time, it takes 36 hours from the start of the boiler to power generation; but in the hydropower plant, it takes only 8 minutes to start the hydroelectric generator to generate electricity. Therefore, the hydropower plant is very economical in meeting the peak electricity demand. Effective. Our plan is to use the hydropower resources of Russia’s Siberian region to generate electricity, and then transmit electricity to China during the peak period of electricity use to help ease China’s pressure in this area.
China Energy News: At present, what cooperation has been started between the En+ Group and Chinese hydropower companies?
Artem Volynets: The Group’s Russian Energy Company (ESE) has already cooperated with China’s Yangtze Power (600900) and plans to develop hydropower projects in Russia to deliver electricity to China in the future.
At present, the two sides have established a joint venture company and signed a framework agreement in June this year for a joint venture project to build a series of power plants in Eastern Siberia. Future feasibility studies for three projects will also be carried out, including the Lenskaya thermal power plant, the Nizhne-Angarskaya hydropower plant on the Angara River, and the Trans-Sibirskaya hydropower plant on the Shilek River. It is planned to complete the feasibility study of the Lenskaya thermal power plant in the first quarter of next year.
China Energy News: Will the En+ Group consider participating in the construction of hydropower projects in China in the future?
Artem Volynets: We have no plans to build a hydropower station in China because this is not our core strength. The reason why Changjiang Power chose to develop its business in Russia is mainly because of the 80% unexploited hydropower potential in Siberia. In addition, the distance from Siberia to the northeastern industrial base of China is only 1400 kilometers. It is not a long one. With reference to the Canadian experience of transmitting electricity to the United States, this is technically feasible.
In addition, we are also discussing the construction of the power grid with the State Grid of China and the Russian Federal Grid Corporation (FSK). According to the plan, this will connect the eastern region of East Siberia and northeast China industrial base. However, the discussion on power grid construction is still at a very preliminary stage. The specific implementation will be the next step.
China Energy News: In addition to hydropower, does the En+ Group have other power projects? Will it cooperate with China in the future?
Artem Volynets: The En+ Group also owns a variety of resources including mines, molybdenum mines, iron ore and coal. Among them, ESE and Russia's state-owned nuclear power company (Rosatom) set up a joint venture company with 50% each, and is developing a small-scale nuclear reactor with a generating capacity of about 100 megawatts. This kind of nuclear reactor is very small and can be transported by helicopter. Its service life is 10 to 15 years. It was originally a Russian megaproject. We hope to achieve civilian use in 2018. Once mature in this area, the Group will also consider cooperating with China.
On the whole, the basic elements of cooperation between China and Russia already exist: Russia has resources and China has needs; Russia and China are very close, and both parties are also actively promoting cooperation. Therefore, we are very confident in the future cooperation with China in the electric power and other fields.
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