Planned Russian plants to export energy to China

EuroSibEnergo's joint venture with China Yangtze Power  will develop hydro and thermal power projects in Siberia and the Russian Far East.

The two groups have has signed the joint venture agreement. The planned installed capacity is 10,000 megawatts, a portion of which will be exported to China, EusoSibEnergo said.

The companies will study a list of six projects, and China Yangtze will seek to arrange financing from Chinese lenders, according to the statement.

EuroSibEnergo operates 18 power plants with a total installed capacity of 19.5 gigawatts, most of which is located in parts of Russia near to Mongolia and China.