China plans to significantly increase the import of electricity from Russia,
a move that both countries consider important to raise bilateral co-operation in
the energy sector.
The agreement between State
Grid Corporation of China and Russia's electricity monopoly Unified Energy
Systems was one of the 13 key deals the two countries inked Thursday in Beijing
in the presence of Premier Wen Jiabao and Russian Prime Minister Mikhail
Premier Wen Jiabao and Russian Prime Minister Mikhail Fradkov
raise a toast after a signing ceremony Thursday. [China Daily]
Under the new
agreement, Russian media reported, the country would supply up to 60 billion kWh
of electricity to China per year, starting with 4.3 billion kWh. China's current
consumption is about 2.2 trillion kWh.
The other documents include protection and encouragement of investment,
exports of Russian machinery and technical products and a framework agreement on
strategic co-operation between oil companies.
Before the agreement-signing ceremony, Fradkov, on a two-day visit to China,
had two hours of talks with Wen at the 11th regular meeting of the heads of
Both highlighted energy and the peaceful use of nuclear power as the key
areas to boost partnership.
The Tianwan nuclear power plant, a major Sino-Russian project now under
construction in Lianyungang, a port city in East China's Jiangsu Province, is an
example of collaboration in the use of nuclear power for peaceful purposes.
Jiangsu media reported that the first unit of the plant started generating
electricity last month; while Russian media said it would reach full capacity
Wen said the strengthening of the Sino-Russian strategic partnership is
essential as the development of the two countries as well as global peace and
development require it.
Wen also noted that the two countries have co-ordinated well in resolving
some sensitive and complicated international issues.
Fradkov echoed Wen's remarks, saying Russia is willing to take more measures
to push bilateral ties to a new high.
Also yesterday, the two countries sealed eight other agreements covering
trade and technical co-operation at the beginning of Sino-Russian Investment
Promotion Week. The contracted investment volume from the Chinese side is US$1
The two leaders also attended the closing ceremony of the "Year of Russia" in
China at the Great Hall of the People last night.
The Tchaikovsky State Academic Big Symphony Orchestra played classical
Russian music as well as traditional Chinese pieces under the batons of Vladimir
Fedoseev and Chinese conductor Shao En.