The Russia-North Korea business council discussing the trilateral electricity transmission project has reached out to South Korea for potential discussions, Seoul’s state-owned electric company said.
A business council meeting between North Korea and Russia in Moscow on February 25 focused on the energy delivery project from Russia to the Korean Peninsula. Russia and the two Koreas have reached an agreement to embark on feasibility studies, set to be complete within two months, Voice of Russia reported last week.
KEPCO (Korea Electric Power Corporation), the state-owned South Korean electricity provider technically responsible for the transmission project, indicated possible trilateral discussions of the project through the business council.
“KEPCO just received sudden contact from RusHydro through the business council between Russia and North Korea,” an unnamed source at KEPCO told NK News. He added, however, that the schedule and agenda of any future meetings is not known yet.
Another report from Voice of Russia on February 26 reported that there will be additional negotiations in Seoul between Russia and South Korea. Russian government-owned electricity company RusHydro, the parent company of RAO, will visit Seoul within this week.
“Any details will be available after this week’s trip is concluded,” Alexey Popov of the RAO Energy System of East press office told NK News. According to KEPCO, the meeting is between South Korea’s K-Water company and RusHydro, and KEPCO is not involved in the dialogue yet.
“K-Water is going to discuss various issues with RusHydro, including water resource investigation, flood prevention, hydro-electric generation and renewable energy,” Kim Hyung-seok at the North Korea investigation team of K-Water told NK News. “The specific agenda has not confirmed yet, but K-Water is not the directly responsible organization regarding electricity transmission,” He added.
The president of K-Water Choi Gye-woon met the president of RusHydro and the Minister of Far East Development Galushka on January 30 in Moscow, contracting MoU for future cooperation. After the meeting Choi said that through the cooperation on water management projects K-Water has formed a consensus with Russia on participating in the Eurasia Initiative, a South Korean governmental policy to promote communication with continental countries in Asia.
At the business council, Russia has expressed its intent to embark on the electricity transmission project to the Rason district as well. Currently the feasibility investigation is ongoing and will be finalized by the first half of this year. As planned, the Rason district will be provided 600 MW for 10 years, starting next year.
RusHydro, RAO and the North Korean electricity company Rasong will establish an electrical grid and the Russian energy company FGC UES will take park in the high-voltage transmission network project, Korean media reported on February 27.
DPRK Minister of Foreign Trade Ri Ryong Nam, Russian Far East Development Minister Alexander Galushka and the vice president of RAO – Russia’s largest electric power company – participated in the business council meeting.
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Featured Image: R0017336 by yousuke_orenikki on 2012-01-27 13:35:09