With Russian President Vladimir Putin and Chinese Premier Xi Jinping in attendance, Russian Grids’ General Director Oleg Budargin and his counterpart at the State Grid Corporation of China, Liu Zhen, signed a strategic cooperation agreement.
The agreement stipulates that both sides will devote particular attention to exploring the possibility of a European-Asian energy bridge and that Russia will supply electricity to China.
The companies agreed to look into the construction of UHV transmission lines for both AC and DC power and also the establishment of underground EHV substations in Russia.
Cooperation between the companies will also include technology sharing, development of smart networks, construction of new facilities and modernization of existing ones, safety management of the power grid, and sustainable development. In addition, the companies are committed to working together to find innovative solutions in the areas of smart-grid technology and charging stations.
In a framework of mutual cooperation for the long term, the parties agreed to set up a joint working group to engage in preliminary study, discussion and document preparation for the implementation of the agreements. The working group will be responsible for holding training courses, seminars, technical meetings and workshops, among other things.