Chinese investor buys half of Yakutia LLC with planned energy projects totaling 870 bln rubles
YAKUTSK. March 21 (Interfax) - Chinese citizen Li Duan has become the co-owner of Power of Yakutia LLC, which has planned to implement construction of thermal power plants and power lines totaling nearly 870 billion rubles for exports to China, according to data in the Unified State Registry of Legal Entities (USRLE).
The previous owner of the 100% stake was St. Petersburg entrepreneur Alexei Kravchenko, who now owns the company on a parity basis with Li Duan.
As reported, Power of Yakutia plans to build an 8-GW gas power plant in the Sakha Republic, or Yakutia, totaling 494.5 billion rubles; and build an 800-kV ultra-high voltage transmission line, totaling 374.8 billion rubles in 2024-2028 in order to export electricity to China. The construction site of the station is located in the city of Lensk, about 840 km from Yakutsk. The power transmission line will stretch 1,800 km from the station in Lensk to Blagoveshchensk, which is located near the northern part of Heilongjiang province in China.
The company has chosen subdivisions of China's Sinohydro Corporation state-owned company as the contractor to implement the projects.
Power of Yakutia was registered in October 2022 in Yakutsk, with charter capital of 10,000 rubles.