Russia's Rostec and China's Shenhua have signed a Memorandum of Understanding (MoU) to jointly explore coal deposits in Siberia and the Far East of Russia. The two organisation also plan to develop industrial and transport infrastructures, as well as build generating capacities and high-voltage transmission lines allowing the exportation of electricity to China. The partnership is part of Rostec's effort to expand Russia's energy presence in the Asia-Pacific region. Total investment in the project will be in the region of $8 to 10 billion. This project will solve the problem of energy deficit and electricity demands of the Russian Amur Region and those of northern China. Comprehensive development of the coal deposit will include the construction of open-pit mines and processing/ enrichment facilities, power generating facilities, as well as the development of related social and transport infrastructure. The project is unique because it allows for the production of electricity with a high added value. It is planned that this project will enable the export of high calorific value coal concentrate to several Asia-Pacific countries, mainly China. Low calorific value coal will be used in an electric power plant that will be built adjacent to the deposit.
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