BUSINESS Country to 'energize' ties with Central, Eastern European nations

BUSINESS

Country to 'energize' ties with Central, Eastern European nations

Zheng X | China Daily

10:31, June 05, 2018

A State Grid employee works on an ultra-high-voltage transmission construction in Huainan, Anhui province. (Photo by Song Weixing/For China Daily)

China and Central and Eastern European countries can play complimentary roles to each other with massive potential for cooperation in the energy sector, especially in renewable energy power generation, smart grid technology, advanced nuclear power technology, clean use of fossil fuels and smart energy, insiders said.

The two sides should focus on energy policy synergy, cooperation planning and research, technical exchanges, mutual acceptance of standards, and personnel training in the near future to further strengthen the cooperation, said Xu Xiaodong, deputy head of China Electric Power Planning & Engineering Institute.

In addition, they should also enhance cooperation on project investment, joint ventures and capacity cooperation on energy equipment manufacturing, he said.

He made the remarks during the first technology exchange activity in energy cooperation between China and Central and Eastern European countries in Beijing on Monday.

China and Central and Eastern European countries jointly established the "16+1" cooperation mechanism in Warsaw in 2012, with the 16 European participating members, namely Albania, Bosnia, Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Latvia, Lithuania, Macedonia, Poland, Romania, Slovakia, Slovenia, Serbia and Hungary. The National Energy Administration has invited officials and enterprise representatives of energy sectors from the Central and Eastern Europe countries for exchange and seminars and study tours, so as to increase understanding of China's energy technologies, equipment, standards and services.

Joseph Jacobelli, a senior analyst of Asian utilities at Bloomberg, said China's clean energy cooperation should expand in the coming years as Chinese developers seek larger footprints abroad.

"The European markets are still developing their wind, solar, and other zero-carbon sources providing attractive growth markets for Chinese operators," he said.

"We think that China's cost leadership, in terms of unit production cost, will continue providing the companies with an advantage if bidding for projects."

Beijing-based State Grid Corp of China, the country's biggest utility, has also been eyeing markets in Central and Eastern Europe, despite no investment in the region so far, said Wang Yimin, assistant general manager of State Grid Corp of China.

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