PJSC RusHydro has signed an agreement with Korea Water Resources (K-Water) on cooperation in the sphere of hydropower and water resources management.

The document was signed on the platform of East Economic Forum by George Rizhinashvili, Management Board member, First Deputy CEO of RusHydro and Chong Kooyol, Technical Executive Director of K-Water.

The agreement is signed in development of Memorandum of understanding signed between RusHydro and K-Water on January 30, 2015 in Moscow. The Memorandum reflected mutual interest of the parties in cooperation in such spheres as hydropower, renewables and comprehensive water resources management in Russia, South Korea and third countries.

The document, signed on the platform of the Eastern Economic Forum determines, as pilot project for cooperation between the parties, joint study of hydropotential of Dagestan. If positive economic effect from hydropower plants construction will be confirmed and decision on further implementation of the projects will be adopted, RusHydro and K-Water will undertake necessary measures and transition to the next stage: implementation of feasibility studies and main design, as well as obtaining necessary approvals.

The parties will create a Working group in order to coordinate the work of engineering and design organizations. The tasks of the Working group, in addition to evaluation of hydropotential of Dagestan, will include appraisal of implementation of the Primorsky Energy and Water Resources Complex (PEWC) project in the Russian Far East.

The PEWC project includes construction of Primorskaya Pump Storage Hydropower plant located in 45 km distance from Vladivostok and Primorskaya HPP on the Razdolnaya River, which would enable to establish a direct waterlink between Vladivostok Commercial Sea Port and Khabarovsk Commercial River Port. If implemented, the project will make water supply of Vladivostok and Vladivostok region more reliable, will enable to establish a rail and automobile bridge over Razdolnaya River over the hydro-power plant dam. The Project would also shorten the shipping distance by water between Vladivostok and Khabarovsk from 2400 km to 800 km and provide for stable cargo flows between the two cities. It would also protect adjacent territories from flooding and increase reliability of Unified Energy System of the Far East as well as enhance potential of electricity export to China.