RusHydro and Korea Water Resources Corporation (K-Water) have signed an agreement that will see the firms cooperate in the sectors of hydropower and water resources management.

The agreement follows an earlier MOU signed by the two companies in January, which reflected the mutual interest of the parties in Russia, South Korea and other countries.

The new deal will involve the joint study of the hydropower potential of Dagestan as a pilot project. If hydro development proves cost effective, the companies will look to implement feasibility studies and undertake project design, as well as obtaining necessary approvals.

The parties will create a working group which, in addition to evaluating Dagestan’s potential, will also look to appraise implementation of the Primorsky Energy and Water Resources Complex (PEWC) project in the Russian Far East.

The PEWC project includes construction of Primorskaya pumped storage plant located 45km from Vladivostok and Primorskaya hydropower plants on the Razdolnaya River. This project would establish a direct waterlink between Vladivostok Commercial Sea Port and Khabarovsk Commercial River Port, create a more reliable water supply in the Vladivostok and Vladivostok region, improve navigation, provide flood protection and enhance electricity export to China.