UKRAINE CHP POWER translation from gas to coal
The Government will continue to implement programs to increase domestic production of coal. This was stated by Prime Minister Mykola Azarov said during a visit to Shostka state enterprise State factory `` `Impulse.
`We have decided to develop coal mining. This is a very difficult decision, as it would require a huge investment, it#39;s a lot of years, it is a low margin. That is, the need to invest a lot of money, and we will be able to return them in 20 years.
But the other way for us. We will increase coal production #39;, - said Mykola Azarov.
The Prime Minister recalled that due to the ultra-high price of Russian gas to the domestic government takes power units of thermal power station from gas to coal. Accordingly, the need to extract more coal. He added that after the implementation of this program, Ukraine has increased coal production to 4 million tons.
`Now we are producing about 4 million tons of coal over and, therefore, felt the need to intensify the mining and blasting, respectively, increased demand for your products#39;, - said Mykola Azarov. He also stressed that the implementation of the program will increase the number of jobs in related industries.
Ukraine is also interested in using Chinese technology of coal gasification as part of the project to replace natural gas.
#39;For us, the issue of substitution of expensive imported gas with coal - is a strategic issue. We are interested in the Chinese coal gasification technologies in hydrocarbon fuel. The successful implementation of this project will allow a state visit to China a resident of Ukraine, which is scheduled for November, to talk about bigger scale projects#39;, - said Mykola Azarov at a meeting with the Deputy Chairman of the State Development Bank of China Li Jiping.
In turn, Li Jiping said that the implementation of the project in Ukraine to replace gas with coal Chinese financial institution is willing to open a credit line of U.S. $ 3.656 billion. `You are implementing a program to replace the use of natural gas to Ukrainian coal. This program is now at a strategic level. The specialists of our countries have reached agreement on the cooperation in the framework of this project, and we are ready to give you a loan in the amount of 3.656 billion dollars.
U.S. to support the program `, - he said.
