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.

Author Biographies

Olga Aleksandrovna Zhdanova, Plekhanov Russian University of Economics, Moscow, Russia

Plekhanov Russian University of Economics, Moscow, Russia

Tatiana Grigorievna Bondarenko, Plekhanov Russian University of Economics, Moscow, Russia

Plekhanov Russian University of Economics, Moscow, Russia

Margarita Vasilievna Pashkovskaya, Moscow University for Industry and Finance "Synergy", Moscow, Russia

Moscow University for Industry and Finance "Synergy", Moscow, Russia

Svetlana Vladimirovna Plyasova, Moscow University for Industry and Finance "Synergy", Moscow, Russia

Moscow University for Industry and Finance "Synergy", Moscow, Russia

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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
Section
Articles