China could become a co-investor in the construction of power lines from Russia to Mongolia

© RIA Novosti / Taras to Litvinenkova in fotoreceptori lines. Archival photoChina could become a co-investor in the construction of power lines from Russia to Mongolia© RIA Novosti / Taras to Litvinenkova the image Bank

China may become a co-investor of construction of power grids from Russia to Mongolia, told reporters Deputy Prime Minister Arkady Dvorkovich.

«Still discussing the issue of supply in Mongolia and the construction of facilities, the Chinese side can be a co-investor to partially Fund the project. This happens on the level of consultations between the three countries, the Mongolian colleagues are studying our proposal, Chinese. Periodically there are meetings, discuss the nuances, it is possible that we will agree,» — said Dvorkovich.

«We are talking about electricity transmission from Russia to Mongolia. It depends on demand (–ed) energy in Mongolia — will be implemented in large industrial projects, whether to electrify the railway. It will still be studied,» — said Deputy Prime Minister.

Mongolia wants to build a hydropower plant on the Selenge river and its tributaries flowing into Baikal, but the Russian side has repeatedly stated about the high environmental risks of the project. This topic has been discussed not the first year. While Russia expresses its readiness to assist Mongolia in compensation of the lack of electricity in this country. One option is the construction of overhead transmission lines from Russia to Mongolia.

The Russian side has repeatedly stated that the construction of transmission lines will be cheaper than the construction of hydroelectric power station in Mongolia. In particular, in the materials of «Russian grids» to the SPIEF-2017 cost of construction of 500 kV lines from Russia to Mongolia was estimated at about $ 1 billion, while the construction of hydroelectric power station in Mongolia (to 790 MW), as calculated by the company, would cost approximately $ 1.9 billion.

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