Russian-Chinese Cooperation Prospects in the Electric Power Industry
Keywords:
electric power sector; Russia; China; Belt and Road; prospects.
Abstract
Russia and China have long been trading partners and cooperated in most industries, including the electric power sector. Even with close and long-standing ties, the further scope of Russian-Chinese relations in the electric power sector should be defined taking into account China's currently implemented Belt and Road Initiative requiring enormous resources, particularly in commodities. An analysis of Russia's electric power market shows an imbalance between the levels of demand and supply skewing to the supply side. Russian excess supply of electricity could be feasibly channelled to China under long-term contracts. For now, such supplies have not been operated at the levels planned several years ago, which indicates low utilisation of the existing potential of cooperation between the countries in the sector. Besides, considerable potential exists for partnership between Russia and China in upgrading electric power facilities and supplying electricity equipment and its subsequent maintenance.
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Downs, E.S. (2010). Sino-Russian energy relations an uncertain courtship? Retrieved from: https://www.brookings.edu/wp-content/uploads/2016/06/0823_china_russia_energy_downs.pdf
Eder, T.S. (2014). China-Russia Relations in Central Asia: Energy Policy, Beijing’s New Assertiveness and 21st Century Geopolitics. Wiesbaden, Germany: VS Verlag für Sozialwissenschaften, 1-151.
Fu, L., Ma, I., Hu, F. (2018). Imidzh Kitaya v Rossii: formirovaniye obraza strany v kontekste initsiativy Odin poyas i odin put [Image of Russia and China: Shaping country profile in the Belt and Road initiative]. Nauchnyy Dialog [Scientific Dialogue], 6, 198-208.
Gotova, N. (2014). Agressivnyi atom [Aggressive atom]. Special supplement to "Kommersant" newspaper: Energy, 229, 19.
Hang, M. (2018). Mutual Benefit And Complementarity In The Energy Cooperation Between China And Russia. International Trade and Trade Policy, 2, 127-132.
Jalilvand, D.R., Westphal, K. (2018). The Political and Economic Challenges of Energy in the Middle East and North Africa, Russian Politics and Law 51(1), 80-87.
Kosorukova, I., Plyasova, S., Prokimnov, N., Rodin, A. (2018). Value and Price of Russian Business: The Entity, the Relationship and Impact of Financial Indicators. Journal of Reviews on Global Economics, 7, 682-695.
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/Our%20Insights/Global%20Energy%20Perspective%202019/McKinsey-Energy-Insights-Global-Energy-Perspective-2019_Reference-Case-Summary.ashx
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Ognev, A.Iu. (2015). Sotrudnichestvo Rossii i Kitaya v oblasti elektroenergetiki [Cooperation of Russian and China in electri power industry]. Regionalistika [Regionalistics], 2, 51-58.
Resolution of the Government of the Russian Federation No. 526. (July 11, 2001). "On Restructuring the Electric Power Industry of the Russian Federation".
Rogerson, D.J. (2010). China and Russia: Competition and partnership? Retrieved from: https://www.researchgate.net/publication/296411672_China_and_Russia_Competition_and_partnership
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Rossiya i Kitai vernulis k proektu krupneishei ugolnoi elektrostantsii [Russia and China get back to coal-fired power plant project]. (2018). Retrieved from: https://www.rbc.ru/business/29/05/2018/5b0bc02b9a7947c60be91055
Rossiya i Kitai vykhodyat na novyi uroven partnerstva v elektroenergetike [Russia and China are entering a new level of partnership in the electric power industry]. (2018). Retrieved from: https://www.rosseti.ru/press/news/?ELEMENT_ID=34315
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Semashko, N. (2014). Khudshii KOM desyatiletiya [Decade's worst CCA (competitive power auction)]. Special supplement to "Kommersant" newspaper: Energy, 229, 17-21.
Teksler, A. (2017). Vozobnovlyaemaya energetika perestala byt alternativnoi [Renewable energy no longer means 'alternative' energy]. Retrieved from: https://minenergo.gov.ru/node/9622
The Swiss Institute of Technology in Zurich. (n.d.). Retrieved from: https://www.kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html
Tsertseil, J., Kookueva, V., Ordov, K. (2017). Regional competitiveness within the cluster's territory: case of the Volga Federal District's chemical industry. Progress in Economic Research, 37, 169-185.
V Pekine proshel pervyi Rossiisko-kitaiskii energeticheskii biznes-forum [First Russian-Chinese Energy Business Forum Hosted in Beijing]. (2018). Retrieved from: https://www.rosneft.ru/press/today/item/193085/
Vinokurov, E. (2019). The Belt and Road Initiative. A Background Paper for the Emerging Market Forum 2019. Retrieved from: https://efsd.eabr.org/upload/docs/2019_Vinokurov_Belt_and_Road.pdf
Yishan, Х. (2018). China's Energy Strategy and China-Russia Energy Cooperation // http://isem.irk.ru/symp2010/en/papers/ENG/P2-02e.pdf
Published
2020-03-21
How to Cite
Zhdanova, O., Bondarenko, T., Pashkovskaya, M., & Plyasova, S. (2020). Russian-Chinese Cooperation Prospects in the Electric Power Industry. Amazonia Investiga, 9(27), 570-577. https://doi.org/10.34069/AI/2020.27.03.61
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