En+ may build wind turbine equipment plant in Russia with Chinese partners -state agency

En+ MKPAO

06/02/2024 16:06

(This content was produced in Russia where the law restricts
coverage of Russian military operations in Ukraine)
       MOSCOW, Feb 6 (Reuters) - Russian metals and energy
group En+  ENPG.MM  is considering building a wind power
equipment production site in Russia's Far East with Chinese
partners, the region's development agency said on Tuesday.
    Russia's wind power industry has faced difficulties in
accessing necessary equipment after the withdrawal of Western
manufacturers from Russia following Russia's actions in Ukraine
since February 2022. 
    En+, which owns a 57% stake in aluminium producer Rusal
 0486.HK  and also owns large Siberian hydropower plants, in
2022 began discussing building an export-oriented 1 Gigawatt
wind farm in the Amur Region with its Chinese partners, which
include PowerChina and China Energy Investment Corporation.
Investment in the project could reach 100 billion roubles 
($1.10 billion), the company estimated last month.
    In addition to constructing the wind farm, the parties are
considering building facilities to produce wind power equipment
in Russia, the government-linked Far East and Arctic Development
Corporation, which coordinates development projects in Russia's
Far East, said.
    Annual production would reach up to 60 turbines with
capacity of about 6 megawatts each, the corporation said in a
statement. The project would require about 14 billion roubles of
investment. 
    En+ did not immediately respond to a request for comment.
    
    ($1 = 91.1300 roubles)

 (Reporting by Anastasia Lyrchikova; Editing by Susan Fenton)
 ((anastasia.lyrchikova@thomsonreuters.com;))