FBA EAC singed MOU with POWERCHINA
On July 11, 2019 FBA EAC signed a Memorandum of long-term cooperation with the Chinese corporation POWERCHINA.
Chinese delegation was represented by Zhu Zhaohui, Representative in Russia of CHINAPOWER International, Lui Ye, deputy Representative in Russia of CHINAPOWER International, Yue Peng, CEO, China Hydro Russia, Xiang Sheng, deputy Chief Engineer, Division 9 of China Hydro, Cai Wei, deputy Chief Economist, Division 9 of China Hydro.
FBA EAC was represented by Alexander Murychev, Chairman of Coordinating Council, Executive Vice-President of RSPP, Oleg Berezovoy, General Director, Evgeny Bazhov, Head of Representative office in China, Oleg Chernyshev, Head of Representative office in Central Federal district of Russia, Eduard Merzlyakov, Head of Representative office in Volga and Ural Federal districts of Russia.
Alexander Murychev started the meeting with the opportunities the Association can give in selecting interesting projects in Russian regions as well as in the whole Eurasia. After that he pointed out the advantages for the Chinese colleagues and the opportunities to participate in the electric power projects, highway engineering, agriculture projects, underlining that these sectors are priority in Russia and are closely supervised by the government. Alexander Murychev also stressed that today the turnover between Russia and China amounts to $ 107 bn with the task from the authorities of both countries to raise it up to $ 200 bn. And POWERCHINA has a chance to contribute in these figures growth.
Oleg Berezovoy in his speech gave some more details regarding the current projects which the Association can offer for investments today, for example the construction of the airport in Ryazan, the engineering of the new underground line in Saint Petersburg, the construction of the sea ports in Murmansk and Arkhangelsk, the engineering of a floating hydropower plant within the Nord Stream project. Besides Oleg Berezovoy informed about the interest from Indian companies-members of the Association in the investments into highway engineering and other infrastructure projects. Of no less interest is the cooperation with Kazakhstan which has already been discussed with FBA EAC President Bakhytbek Baiseitov.
Chinese guests were glad and grateful for the interesting information to become a ground for prosperous cooperation. Zhu Zhaohui, Representative in Russia of CHINAPOWER International informed about the main focus areas of POWERCHINA and about the existing contracts in Russia, including with PAO “RusHydro”, the Federal Road Agency “Rosavtodor”. Zhu Zhaohui expressed interest in agricultural projects and in cooperation with CIS countries.
Power Construction Corporation of China (POWERCHINA) is a wholly state-owned company which was set up in September 2011 with the approval of the State Council, is constituted by a series of enterprises specializing in electric power survey and design, engineering and equipment manufacturing under the management of SINOHYDRO Group Limited, HYDROCHINA Corporation, State Grid Corporation of China and China Southern Power Grid Company Limited, which are spread across 14 provincial/municipal/regional of China.
As an integrated construction group, POWERCHINA provides services in fields of water conservancy and hydropower engineering, investment and financing in infrastructure construction, planning and engineering design, engineering construction, equipment manufacturing and operations management. The major businesses are within the scope of energy power, construction engineering (including survey, planning, design and project contracting), water ecological environmental governance, other resources exploitation and management, real estate development and management, equipment manufacturing and leasing. Furthermore, POWERCHINA has been authorized by relevant state ministries to serve as the planner and investigator in the development of clean energy and new energy sources. POWERCHINA ranks the top of the world in electric power construction (planning, design and construction) by virtue of its great capacity and performances.
POWERCHINA has formed into a diversified structure of Large Civil Engineering and Large Construction, involving in a range of domains, like Smart City construction, rail transit projects, municipal engineering, housing building, water ecological and environmental governance projects and so on.
POWERCHINA follows the “Belt and Road” Initiative and proactively participated in a series of important projects which have gained POWERCHINA reputation
Today the corporation comprises over 100 different companies and more than 230 employees. About 240 overseas offices in more than 100 countries throughout the world and executes more than 2000 diversified contracts. Centering on Asia and Africa, POWERCHINA’s overseas business is expanding to America, Oceania, and Eastern Europe where the company has perfect reputation.