The parties plan to invest up to $10bn, to develop industrial and transport infrastructure and build generating capacities and high-voltage transmission lines to export electricity to China.
Rostec CEO Sergey Chemezov said: "Rostec develops cooperation with the Chinese partners in a number of areas.
"Strengthening of this cooperation is mutually beneficial. Partnership with Shenhua is a part of the comprehensive effort to expand the Russian energy presence in the Asia Pacific region."
Rostec and Shenhua initially plan to explore the Ogodzhinsky coal deposit in Amur, Russia and build a coal terminal, Port Vera, in Primorsky Krai.
Located in the Gerbikan-Ogodzhin coal basin, the mine is said to host 1.6 billion tons of coal deposits. It would produce up to 30 million tons of coal each year by 2019.
