Russia gives China big support by supplying record amounts of electricity

12

According to the results of 2022, the export of electricity from Russia to China may reach historical and limiting values. Moscow is currently giving Beijing a lot of support, supplying record amounts of cheap and scarce electricity. Russian expert Konstantin Dvinsky wrote about this in his Telegram channel.

The economist noted that the export of electricity from Russia to China is growing monthly. According to the results of August, it will amount to 0,480 billion kWh, and for the same period in 2021, 0,402 billion kWh was supplied.



If you look at the statistics for 8 months (January-August), then this year Russia sent 3,316 billion kWh to China, while for the same period last year this figure amounted to 1,978 billion kWh. That is, the growth was 67,6%

Dvinsky pointed out.

The expert clarified that it is beneficial for Russia to export electricity with high added value, because for economics this is much more useful than the sale of hydrocarbons. However, the capacity of the existing transmission lines between Russia and China is only 7 billion kWh per year. Therefore, if the trend continues, then by the end of the year all capacities will be selected.

Dvinsky added that there is a preliminary agreement between Moscow and Beijing on the creation of additional generation in the Far East in the future, the task of which will be to export electricity to China. But it is still too early to talk about specifics, that is, about the implementation of what was planned. He explained that now the main efforts are concentrated on the electrification of the BAM and the Trans-Siberian.

However, of course, it is necessary not to shelve the "Chinese" project, but to proceed with the immediate construction of generation and transmission lines

- he stressed.

The expert explained that electricity supplies to China also have an important geo-economic nature. In the context of the most acute geopolitical confrontation between Russia, the accelerated development of the economies of Southeast Asia, Africa, the Middle East and Latin America is beneficial.

Moreover, the sooner China increases its gap from the EU and overtakes the United States in terms of nominal GDP (it has already overtaken it in terms of PPP), the more stable the Russian economy will be. In addition, the Russian Federation needs, to the best of its ability, to support the development of the economies of India, Pakistan, Turkey, Vietnam and other cooperating states.

Of course, on the horizon of several decades, the situation can change dramatically. And China can begin to impose its model of a unipolar world order. However, at the moment we have no other options.

- he is sure.

In 2022, the Chinese economy shows a sharp slowdown. In the first quarter there was an increase of 4,8%, and in the second - a symbolic 0,4%, that is, Beijing is at its peak in the global economic crisis. At the same time, in 2020, at the height of the coronavirus pandemic, the Chinese economy showed growth of 2,3%.

The collapse of China is unprofitable for Russia, so Moscow is trying to support its partner with energy resources that are cheaper than on the world market. China, in response, shows itself to be a real ally of the Russian Federation, helping to overcome the restrictions of the West.

It is clear that there are no sincere friends in geopolitics, and the PRC, among other things, acts in its own interests, because it is well aware that it will not pull out the situation one on one with the West. Nevertheless, Beijing's support is very important to us now. And it is logical that this support is mutual.

- summed up Dvinsky.
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12 comments
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  1. +4
    30 August 2022 18: 00
    In the context of the most acute geopolitical confrontation between Russia, the accelerated development of the economies of Southeast Asia, Africa, the Middle East and Latin America is beneficial.

    Maybe so, or maybe not, but Russia definitely benefits from the accelerated development of its economy!
  2. +2
    30 August 2022 18: 23
    Moscow is trying to support its partner with energy resources that are cheaper than on the world market. China, in response, shows itself to be a real ally of the Russian Federation, helping to overcome the restrictions of the West.

    - Strange to read and hear such! - Personally, I would agree with such "conclusions" if Russia would make the use of household electricity free for the population of Russia!

    Of course, on the horizon of several decades, the situation can change dramatically. And China can begin to impose its model of a unipolar world order. However, at the moment we have no other options.

    - But this is already more realistic and objective !!! - It's "like in nature" or "in the animal world" - it's like feeding a cuckoo, which will then push your own chicks out of the nest! - This is the "perspective" !!!
  3. 0
    30 August 2022 19: 07
    0.48*12=5.76 billion kWh per year.
    Electricity generation in China in 2021 is 8377 TWh or 8377 billion kWh - 1st place in the world.
    The collapse of the Chinese economy because of this will not happen.
    Silly!
  4. -1
    30 August 2022 21: 12
    the sooner China increases its gap from the EU and overtakes the United States in terms of nominal GDP (it has already overtaken it in terms of PPP), the more stable the Russian economy will be. In addition, the Russian Federation needs, to the best of its ability, to support the development of the economies of India, Pakistan, Turkey, Vietnam and other cooperating states.

    The faster Russia increases its own GDP, the less it will depend on the West and the more interest it will be as a partner for China, India, Pakistan, Turkey, Vietnam and other states.
    Since the beginning of 2022, Russia has doubled its electricity exports to China. In five months, the country supplied China with a record 1,78 billion kWh worth $85,2 million. The price for Beijing remained the same, about $0,5 per 1 kWh.
    1. 0
      30 August 2022 22: 27
      In five months, the country supplied China with a record 1,78 billion kWh worth $85,2 million. The price for Beijing remained the same, about $0,5 per 1 kWh.

      1) I am interested in the source of these entertaining figures.
      2) $0.5 = 30 RUB.
      3) $85.200.000 : 1.780.000.000 kWh = ?
  5. -1
    30 August 2022 22: 46
    The collapse of China is unprofitable for Russia, so Moscow is trying to support its partner with energy resources that are cheaper than on the world market.

    The price of 1 kWh of electricity for China is 4,7 cents or 3 rubles at the current exchange rate.
    For the population of the Russian Federation, electricity costs 6 RWh, which is twice as expensive as for China.
    For the Russian industry, electricity is even more expensive.
    What kind of revival of industry and GDP growth are we being told by talking heads from the Kremlin if we provide our main competitor with a two-fold advantage in the price of electricity and a three-fold advantage in the price of gas ????
    Residents of Blagoveshchensk buy natural gas at 148.9 rubles per cubic meter, while residents of the Chinese Hehe on the other side of the Amur buy 41,2 rubles.
    1. 0
      31 August 2022 02: 13
      This topic has been discussed 100 times already. No need to compare wholesale and retail prices.
    2. +1
      31 August 2022 23: 35
      It is useless to speak with a "language" that discards some figures each time without specifying the source, and these figures are very different. Plus the usual demagogy.

      Residents of Blagoveshchensk buy natural gas at 148.9 rubles per cubic meter,

      Source? Where are the numbers from?
  6. 0
    31 August 2022 11: 05
    Sell ​​not sell, but twice a year we raise the tariff for electric energy. This suggests that for our government, our people are second. The main "loot", but as you know, it does not smell.
    1. +1
      31 August 2022 13: 56
      When the last tree is cut down, when the last river is poisoned, when the last bird is caught, only then will you understand that money cannot be eaten.

      Indian wisdom.
      The country can be protected by its industry, and not by other people's money. Money can be stolen, for example 300 yards of greenery.
      1. 0
        31 August 2022 16: 27
        And the generation of electricity is not an industry, is it? This is the final product. And that they should not trade. In our country, it is good so far with energy resources.
    2. 0
      2 September 2022 21: 15
      I agree. Russia supports China. But China suddenly refused to supply Kamaz engines on the basis of the imposed sanctions .... such a good reliable partner))