- CNTV English - CCTV News

Homepage > News > Biz >

Ukraine eyes Chinese coal gasification technology

08-08-2012 11:25 BJT

KIEV -- Ukraine is interested in Chinese technology that can generate power via coal gasification, Prime Minister Mykola Azarov said Tuesday.

"The substitution of expensive imported gas with coal is a strategic issue for us. We are interested in the Chinese technology of coal gasification and coal-water fuel production," Azarov said during a meeting with Li Jiping, vice-president of the China Development Bank.

Successful implementation of projects involving coal gasification will allow the two countries to discuss new large-scale projects during President Viktor Yanukovych's state visit to China scheduled for November, he said.

For his part, Li said the China Development Bank is ready to set up a $3.656 billion credit line to help Ukraine switch its power plants from gas to coal.

Li praised the political and economic stability that has been established in Ukraine, saying it will contribute to further cooperation between Beijing and Kiev.

Ukraine and China on July 16 signed a protocol on cooperation, which envisages the possibility of opening a special credit line in the China Development Bank for Ukraine's coal industry.

The deal includes building three coal gasification plants in Ukraine and switching utilities from gas to coal slurry and a coal-water mix.

According to the document, China is also expected to provide technological expertise for the conversion of Ukrainian plants from gas to coal.

The deal followed a series of agreements reached over the past two years. In September 2010, during Yanukovych's visit to China, the two countries signed a framework agreement on financial cooperation on seven investment projects.

In June 2011, China's Development Bank allocated $85 million to modernize Ukraine's state-owned mine in the eastern region of Lugansk.

The Ukrainian government is seeking to reduce dependence on Russian gas, which cost $425 per 1,000 cubic meters in the second quarter of 2012, by increasing the use of coal in the county's energy mix.

Editor:James |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program