Hydropower for the Sino-Russian Friendship
Pic 1. Beatiful Shilka River at the bottom of Trans-Sibirsky HPP reservoir proposed by CYPC
陈国庆 Chen Guoqing
中国长江电力股份有限公司副总经理
Vice President China Yangtze Power Co., Ltd.
Active engagement in Russia’s hydro-power development for the Sino-Russian Friendship
Speech delivered on Sept 12, 2011 in Irkutsk at Baikal Economic Forum
Dear Chairman, Ladies and Gentlemen：
Good afternoon. On behalf of Mr. Cao Guangjing, Chairman of China Three Gorges Corporation and Mr. Zhang Cheng, President of China Yangtze Power Co., Ltd. I would like to present a brief introduction of my company and the cooperation in Russia.
1. Briefing of China Three Gorges Corporation and China Yangtze Power
China Three Gorges Corporation (Hereinafter referred to as “CTGPC”) is China’s largest clean energy group now. CTGPC’s principal operations include hydropower project engineering, construction and management, electricity production, related technical services, and etc.
CTGPC has built and owned the Three Gorges Hydropower Plant with total installed capacity of 22,500 MW, and is developing more hydropower plants on the Upper Yangtze River, including Xiluodu HPP (13, 860MW), Xiangjiaba HPP (6,400MW), Wudongde HPP (8,700MW), Baihetan HPP (14,000 MW) and other giant hydropower projects. By the end of 2020, the total installed capacity of the Corporation will exceed 90 GW.
China Yangtze Power Co., Ltd. (hereafter called “CYPC” for short) is a joint stock company controlled by CTGPC. CYPC is currently the largest listed hydropower company in the People’s Republic of China (”PRC”). By the end of 2010, the Company owns the Gezhouba Hydropower Plant and all the generating units of Three Gorges Hydropower Plant with total installed capacity of 21,077 MW.
2. The Globalizing Process of CTGPC and CYPC
Large-scaled hydropower development and operation are the core competitiveness of CTGPC and CYPC. With advantages of the Three Gorges Brand and of that in the technology and management, it is our goal to build a large clean international energy group through participating international hydropower development and hence promote the energy cooperation between China and Russia as well as other neighboring countries. CTGPC and CYPC bring the International hydropower development as their long-term strategic objectives. Currently, CTGPC has hydropower and infrastructure projects in more than 20 countries and regions.
3. Cooperation with Russian Partners
3.1 Background of Sino-Russian Hydropower cooperation
(1) Rich hydropower potential in Siberia and the Far East
Russia is rich in hydropower potential amounting 10% of the world total, which is mainly in Siberia and the Far East, where the electricity demands and hydropower development are low. With the long-distance transmission technology maturing, it is feasible to transmit power from Russian Far East and Siberia to China.
(2) Cooperation Opportunities in Sino-Russian Hydropower Development
It is the 10th anniversary of the signing of the Treaty on Good-Neighborliness, Friendship and Cooperation between China and Russia. The cooperation between China and Russia in political, economic, cultural and strategy has been strengthened in these 10 years. Sino-Russian’s cooperation in various fields, including electricity are clarified in 《Sino-Russian’s Investment Cooperation plan》 approved by the leaders of the two countries in June 2010 and 《Sino-Russian Joint Statement about deepening strategic partnership》signed by both governments in September.
(3) Sino-Russian economic development needs the cooperation of power companies in the two countries
Russian government released the strategy for developing energy resources in Siberia and the Far East in 《Far East and Baikal region socio-economic development strategy before 2025》in early 2011 and also put forward a set of plan to strengthen international co-operation and actively attract foreign investors. In the long run, it is an inevitable trend to meet the electricity demand in Northeastern and Northern China, to improve the local energy structure, to promote clean energy utilization and to jointly develop hydropower resources in Russia, and transmission power to China.
3.2 Considerations on Sino-Russian hydropower cooperation
The power projects on the border river (i.e.Amur River RwB)and in Russian land are in large number, board involvement and long construction period. The implementation of these projects need the guidance and co-ordinations from the energy and water resource departments from both countries and the cooperation of grid and designing companies. Russian two largest power companies are leading power companies in Russia and are the two most important power companies in Siberia and the Far East. CTGPC/CYPC has extensive experience in hydro project construction, power plant operation management, and sound credit and influence on capital markets. There are good foundations between CTGPC/CYPC and two largest Russian hydro power companies. We shall follow the principles of sharing risk and interests to develop mutually beneficial cooperation，also take the social responsibility, and work together for Sino-Russian friendship and common development .
Pic 2. Transboundary dams proposed on Amur-Heilong River as presented in any long-term development plan for Northeast China. In the text above CYPC vice-director likely refers to these “projects on border river” resulting from the “Joint Sino-Russian Scheme to manage the trans-boundary Amur and Argun rivers”. Presently proposed Trans-Sibirsky HPP on Shilka River was first considered simultaneously with this Scheme in 1980s (and hydrologiclly speaking it blocks the main channel of the same Amur river system). RwB
To promote and realize the strategic objectives of joint development of Russian hydropower resources and power transmission to China, two Russian largest power companies and CTGPC /CYPC have conducted communications for many times and have made substantial progress through signing of framework agreement and making collaboration plan. We are promoting the project－level cooperation now.
With the deepening of the strategic and energy co-operations between the two countries, Sino-Russian joint development and cooperation will enter into a new stage. Since the hydropower development is a long term strategic cooperation, we would like to make following suggestions:
(1) Bilateral coordination mechanism on the hydropower development shall be established by the government departments from both countries to support and guide the co-orperation between companies of the two countries and the rolling revising on the middle and long term plans by the government departments shall be carried out to meet the social and economic development.
(2) In order to place a solid and long term cooperation foundation, it is important to continuously improve market access conditions and taking full advantages of the suppliers from both countries to effectively reduce the cost and control the risks.
(3) The supervision and regulatory authorities, financing institutes and the enterprises involved should study together to find out the project financing portfolio and risk control mechanism to help the enterprises getting better financing support.
In the foreseeable future, Sino-Russian cooperation will set off a new chapter in the energy filed. CTGPC /CYPC will put their foremost efforts to make it happen.
积极参与俄罗斯水电开发
为中俄友谊作出贡献
尊敬的主席先生、女士们、先生们，下午好!受中国长江三峡集团公司董事长曹广晶先生和中国长江电力股份有限公司总经理张诚先生的委托，很荣幸向各位来宾简要介绍我们公司以及在俄的合作情况。
1.中国长江三峡集团公司和中国长江电力股份公司简介
中国长江三峡集团公司（以下简称“三峡集团”）目前是中国最大的清洁能源集团。其主营业务包括：水电工程建设与管理、电力生产和相关专业技术服务等。
三峡集团已建设完成并拥有总装机容量2250万千瓦三峡水电站。 现正在开发建设多个长江上游的水电站，包括溪洛渡（ 1386万千瓦）、向家坝（ 640万千瓦）、乌东德（ 870万千瓦 ）、白鹤滩（ 1400万千瓦）和其他巨型水电工程。到2020年，三峡集团公司总装机容量将超过9000万千瓦。
中国长江电力股份有限公司（简称“长江电力”）是由三峡集团控股的股份制有限公司。长江电力是中国最大的水电上市公司。截至2010年，长江电力拥有葛洲坝电站及三峡工程已投产的全部发电机组，机组装机容量为2,107.7 万千瓦。
2.三峡集团与长江电力的国际化进程
大型水电开发和运营是三峡集团和长江电力的核心竞争力。通过积极参与国际水电开发， 充分发挥三峡品牌优势和技术与管理优势，实现建设国际一流大型清洁能源集团的目标，进而推动中国与俄罗斯及其它周边国家之间的能源合作。目前，三峡集团和长江电力已将国际水电开发作为其长期战略目标。三峡集团目前已在全球20多个国家和地区开展水电和基础设施领域的项目合作。
3.与俄罗斯企业的合作
（1）俄罗斯西伯利亚及远东地区水电资源丰富
俄罗斯水电资源丰富，占世界总量的10%，主要分布在西伯利亚和远东地区。而该地区电力需求较小，水电开发程度较低。随着远距离输电技术成熟，从俄罗斯远东和西伯利亚地区输电至中国已具备技术可行性。
2011年是《中俄睦邻友好合作条约》签署10周年，10年间中俄两国在政治、经济、人文和战略协作等合作方面不断深化。2010年6月中俄两国元首批准的《中俄投资合作规划纲要》和9月两国签署的《中俄关于全面深化战略协作伙伴关系的联合声明》中都明确提出积极开展包括电力在内的各个领域合作。
2011年初，俄罗斯发布了《远东和贝加尔地区2025年前社会经济发展战略》，明确提出要大力开发西伯利亚和远东地区的能源资源。俄政府也提出了加强国际合作、积极引进外国投资者等一揽子计划。从长远看，满足中国东北及华北地区电力需求、改善当地能源结构，推进清洁能源使用，共同开发俄罗斯水电资源，并送电中国已成为必然趋势。
中俄界河及俄境内电源项目较多、涉及面较广、建设周期较长，项目实施需要在两国政府能源和水资源主管部门的指导和协调，以及电网、设计公司的合作。
俄罗斯两大电力公司是西伯利亚及远东地区最重要的两大电力公司 。三峡集团及长江电力在水电工程建设、电站运营管理等方面具有丰富经验，同时在资本市场有着良好的信用和影响力。俄两大水电企业与三峡集团/长江电力的合作存在良好基础。双方将遵循风险共担、利益同享的原则，进行互利互惠的合作，同时主动承担起企业社会责任，共同为两国友谊和共同发展做出贡献。
为推动实现联合开发俄水电资源并向中国送电的战略目标。俄两大电力公司与三峡集团/长江电力经过与多次沟通与协商，双方合作都取得实质性进展，签署了合作框架协议，并研究了合作规划。目前正在积极推进项目层面合作。
4.建议与展望
随着中俄两国战略合作和能源领域合作的不断深化，中俄电力联合开发与合作将进入一个新的发展时期。由于水电项目的开发运行是一项长期的战略合作，需要来自各方的大力支持与指导。为此，我们衷心提出如下建议：
（1）双方政府主管部门积极建立水电开发合作方面的协调机制，支持并指导两国企业进行合作，同时不断滚动修编政府中长期项目发展规划，满足社会经济发展的需要。
（2）不断改善市场准入条件，发挥各自供应商优势，有效于降低成本和控制风险，为项目的长期合作开发奠定坚实基础。
（3）加强融资方面的合作，监管部门、金融机构与企业共同研究有利于项目融资的制度与风险管理机制，帮助企业获得良好的资金支持。
可以预见，在不久的将来，中俄双方能源领域合作必然掀起新的篇章，三峡集团/长江电力和我们的俄罗斯伙伴们也将为此努力做出贡献。
中国长江电力股份有限公司