OREANDA-NEWS. June 20, 2011. The Minister of Energy and Coal Industry of Ukraine Yuriy Bojko and the Chairman of the State committee on affairs of progress and reforms of Peoples Republic of China Zhan Peng have signed the Memorandum of mutual understanding in the energy sphere between the Ministry of Energy and Coal Industry of Ukraine and the State administration of Energy of the Peoples Republic of China on 20 June, 2011.

Signing of the Memorandum was within the frameworks of the Ceremony of signing of bilateral documents between Ukraine and the Peoples Republic of China with participation of the President of Ukraine Victor Yanukovych and the Leader of Peoples Republic of China Hu Jintao.

Objective of the Memorandum of mutual understanding in power area is the establishment of bases for cooperation of Sides in the energy sphere in view of national interests of Ukraine and the Peoples Republic of China.

Positions of the Memorandum provide progress of cooperation of two countries in energy, in particular common participation in realization of projects in oil-and-gas area, information interchange on energy objects which are provided for construction and modernization and reconstruction in territory of the countries on tender or other basis, cooperation in the field of peace use of a nuclear energy, according to the agreement on peace use of a nuclear energy that will be concluded between Ukraine and the Peoples Republic of China.

For realization of positions of this Memorandum, the sides have agreed to create a joint Working Group concerning energy which will consist of representatives of the appropriating ministries and the organizations of the states of Sides and spends sessions annually before the session of the Intergovernmental Ukrainian-Chinese commission concerning trade and economic cooperation in turn in Kiev and Beijing.

Reference. As of today Ukraine and the Peoples Republic of China realize and prepare for realization for a number of joint projects in energy sphere. It, in particular, the constriction project of the Combined cycle power stations in Schelkino which is realized according to the Cooperation agreement between Ministry of Energy and Coal Energy of Ukraine, the Chinese company of industrial mechanical engineering, the Chinese international machine-building company, as well as Export-import bank of China signed in September, 2010. The embodiment of this project will allow raising essentially reliability of energy supply and investment appeal of the Crimean region, to create new workplaces on power station and in other areas of municipal economy and the market of services.

Among perspective projects - the Project "Reconstruction of electric networks by a pressure 0,4-110 kV and substations of PLC "Krymenergo"" - it is provided: reconstruction of 24 substations 35-110 kV, 19 units of Electric power transmissions 110 kV (length 300 km), air and cable lines 10 kV - 3000 km and 0,4 kV - 1500 km., as well as the Project on construction of hydroelectric power stations with a view of which realization between the Ministry of Energy and Coal Industry of Ukraine and LLC "Sinigidro" the Memorandum about cooperation in construction of hydroelectric power stations in Ukraine was signed on cooperation in June, 8th, 2011.