3.5. International Cooperation
International Cooperation of PJSC RusHydro
3.5.1. Targets and goals of international activities
The attraction of investments, innovative technologies, and equipment to RusHydro projects and the expansion of the Group’s presence in foreign markets based on its long-term experience in designing, building, and operating energy facilities are the main objectives of the Company within its international activity.
RusHydro focuses on long-term and mutually advantageous cooperation with foreign partners, which corresponds to the geostrategic interests of the Russian Federation.
The main directions of international activity:
- the representation of RusHydro and the interests of the Russian power industry in political, sectoral, and business areas;
- bilateral cooperation with foreign energy companies and energy equipment producers, including the development of joint ventures and the localisation of production within the territory of Russia;
- cooperation with intergovernmental organisations and sectoral and business associations;
- the promotion of the attraction of foreign investments to RusHydro projects;
- cooperation in experience exchange, innovations, and new technologies in hydropower, thermal power, RES, and heat supply;
- the monitoring of processes in the global energy industry.
Conducting its international activity, the Company follows such principles as:
- the mutual benefit and transparency of joint activity;
- the long-term nature of cooperation;
- ensuring available warranty and post-warranty maintenance in case of the acquisition of modern foreign technologies and foreign equipment;
- the preparation of complex decisions taking into account the specifics of the Russian power market;
- the improvement of economic efficiency.
3.5.2. International Partnership
Intercorporate documents signed in 2015
|Agreement||Area of cooperation||Advantages|
|A cooperation Agreement between PJSC RusHydro and Korean K-water Corporation (05.09.2015)||Cooperation in the joint research of projects on the construction of new HPPs in the Republic of Dagestan, in the field of the determination of joint projects of cooperation in hydropower and water resources administration in the Far East including Primorsky Krai, and in the field of technological exchange.||- the possibilities of the attraction of investments and technologies.|
|An additional Cooperation Agreement between PJSC RusHydro and Chinese PowerChina Company in the field of PSPP|
|Cooperation on the investment, design, construction, operation and technological development of hydropower sites in Russia; the assessment of the technical and economic parameters of the Leningrad PSPP project.||- the possibilities of the attraction of investments and technologies.|
|An additional Cooperation Agreement between PJSC RusHydro and Chinese Three Gorges Corporation to the general provisions of the Shareholders Agreement on joint venture development (13.03.2015)||Includes the analysis of the possibilities of the development of a joint venture for the operation and technological development of Nizhne-Bureyskaya HPP JSC, on the basis of which the implementation of the flood-control HPP construction project on the tributaries of the Amur River is being considered.||- opportunities to attract investments for flood-control HPP construction projects;
- opportunities to expand the export supply of electricity to Asia-Pacific countries.
|An agreement between PJSC RusHydro and Chinese China Three Gorges Corporation on the Intention to Develop a Joint Venture for the Operation of Nizhne-Bureyskaya HPP (08.05.2015)||Includes the execution of the economic and technical assessment of the project on the development of a joint venture for the operation of Nizhne-Bureyskaya HPP JSC||- opportunities to attract investments for flood-control HPP construction projects;
- opportunities to expand the export of electricity to Asia-Pacific countries.
|A Memorandum of Understanding between PJSC RusHydro and Abeinsa Business Development S.A. (16.06.2015)||Cooperation in joint exploration, research, engineering, and investments in the field of the construction, modernisation, and reconstruction of generating facilities.||- the possibilities of the attraction of investments|
The largest world generating and engineering companies and power equipment producers including Chinese Three Gorges Corporation and PowerChina, Korean Korea Water Resources Corporation (K-water), Belarusian Belenergo Company, Japanese Kawasaki Heavy Industries, Austrian Voith Hydro Company, and American GE Renewable Energy (fka Alstom Hydro) Company are the main partners of RusHydro.
Opportunities for the joint implementation of hydroenergy projects are being examined together with Chinese PowerChina Company. In particular, the development of pumped storage power plants (PSPP) in Russia is being explored. The possibility of the construction of the Leningradskaya PSPP is considered a pilot project. At the same time, RusHydro considers the possibility of the construction of flood-control HPPs on the tributaries of the Amur River in cooperation with Chinese Three Gorges Corporation.
In 2015 RusHydro was cooperating on the project of hydropower equipment production localisation in the territory of the Russian Federation in cooperation with Voith Hydro Company and the use of this equipment for RusHydro HPPs modernisation.
The expansion of partnership with the foreign companies is carried out within the implementation of the complex modernisation of the assets of RusHydro in the area of thermal generation in the Far East of Russia.
The Company concluded a number of agreements on cooperation and the implementation of joint projects with the largest foreign power corporations within the reporting year.
RusHydro participates in the meetings of intergovernmental commissions on trade and economic and scientific and technical cooperation between Russia and foreign countries under the auspices of the Ministry of Energy of the Russian Federation on a regular basis. Those events result in the establishment of working contacts with foreign business partners.
3.5.3. Cooperation with international organizations
RusHydro pays considerable attention to participation in the activity of international power organisations. RusHydro representatives participate in committees and working groups of a number of non-profit partnerships and international organisations being the members of such organisations as:
- the Global Sustainable Electricity Partnership (GSEP),
- the International Hydropower Association (IHA),
- the International Commission on Large Dams (ICOLD),
- the Association for Hydro-Environment Engineering and Research (IAHR).
The Company develops cooperation within international government organisations and integration associations including the Eurasian Economic Union (EEU); the Eurasian Economic Commission (EEC); the CIS Electric Power Council (CIS EPC); the Asia Pacific Economic Cooperation (APEC); and the Shanghai Cooperation Organisation (SCO).
RusHydro cooperates with professional sectoral international organisations through joint scientific researches, participation in expert groups, professional seminars (The Canadian Technological Association (CEATI), the International Council for Big Electric Systems of High Voltage (CIGRE), etc.).
The Company is an active participant of large international forums, exhibitions, and conferences on thermal power, hydropower, RES, and heat supply.
RusHydro is a usual participant of the Saint Petersburg International Economic Forum, the Krasnoyarsk economic forum, the international Hydro conference, and the Hydro Vision Russia.
In 2015 RusHydro Group sponsored and actively participated in the East Economic Forum which was an efficient platform for the establishment and strengthening of relations with foreign partners, especially from Asia-Pacific countries, and attracting investors to Far East energy infrastructure development projects.