Russia Yaroslavl Thermal Power Station Construction Agreement Signed in Beijing
Russia TGK-2 announced on the 27th that the company, China Huadian Corporation and one of the world’s largest banks, the Industrial and Commercial Bank of China, agreed to jointly build Huadian with a generating capacity of 440-490 MW in Yaroslavl Oblast. Jeninskaya Thermal Power Station.
Russian President Medvedev signed relevant agreements during his visit to China.
The design cost of the thermal power station is about 15 billion rubles, and it is expected to be put into operation in 2013.
The announcement stated that "TGK-2 and Huadian invested 30% of the total investment in proportion to the fixed capital investment of the joint venture. The remaining funds will be attracted to the open market. Industrial and Commercial Bank of China will act as a consultant for new investment projects."