In Vladivostok, the South Korean "K-water" (Korea Water Resources Corporation) and the Russian “RusHydro” have signed an agreement on project elaboration for the construction of powerful HPPs in Dagestan and the Far East.
As the press office of the Russian company told Construction.ru, the document was signed at the Eastern economic forum taking place in Vladivostok. The parties intend to analyze conditions in Dagestan and work out financial and economic models of HPP construction with an account of their efficiency and construction cost optimization based on modern methods of design.
The companies will create a working group to study the opportunities for the Primorye water energy industry in the Far East. The project includes the construction of the Primorye pump-storage hydro station 45km away from Vladivostok and the Primorye HPP, with the further creation of an integrated water transport route between the Vladivostok Sea and the Khabarovsk river trade ports.