China - Central and Eastern European Countries Describe Energy Blueprint
Where is the next blue ocean of China’s energy companies? With the deepening of the “16+1” cooperation between China and Central and Eastern Europe, the vast Central and Eastern Europe region will likely become a “big world” for Chinese energy companies.
On June 4th, the first technology exchange meeting between China and Central and Eastern European countries on energy cooperation was held in Beijing. More than 200 representatives from energy authorities, energy and power companies, institutes, and financial institutions from China and the countries of Central and Eastern European countries discussed the future. Cooperation in the energy field was discussed.
What are the opportunities for investing in energy companies in Central and Eastern Europe?
Xu Xiaodong, deputy dean and chief engineer of the China National Electric Power Planning and Design Institute, delivered a promising picture for China-Central and Eastern European countries in energy cooperation. He said that China and the countries in Central and Eastern Europe have strong complementarity in the energy field and the potential for cooperation is relatively large. The cooperation between the two sides has broad prospects. “The two companies have already established a good foundation for cooperation. In the future, they can carry out project investment, cooperative management, and energy equipment manufacturing in areas such as new energy power generation, power grid upgrading, fossil energy transformation, advanced nuclear power technology, and distributed energy. All-round cooperation in the form of capacity cooperation, etc."
Many experts in the energy sector from Central and Eastern European countries said in an interview with reporters that their countries are vigorously promoting the transition from traditional energy to new and renewable energy. This process will be provided to energy companies from China. A vast investment space.
The Executive Director of the Macedonian Energy Agency Sarah Qi told a Global Times reporter that Macedonia will further reduce its dependence on imported electricity in the future and will further develop its energy capacity to hedge against the negative impact of import reductions. Sarahzi said that renewable energy will be strongly supported by the Macedonian government, and Malaysia will further increase its installed capacity in solar power and wind power generation. “Our partnership with China has been going on for more than 20 years. Without this friendship, our cooperation cannot be developed so quickly,” Sarahzi said. “We know that China’s investment, technology and capabilities are all We really need it."
"In 2050, we will increase the share of renewable energy in the country's energy consumption to 100%!" Lina, a renewable energy consultant to the Lithuanian Ministry of Energy, focused on introducing Lithuania when interviewed by a Global Times reporter. Ambitious goals in the renewable energy field. She told reporters that at present, Lithuania is vigorously promoting the national new energy strategy, when all energy consumption in Lithuania comes from renewable energy sources. "This is a great investment opportunity. We welcome Chinese energy companies to build renewable energy power plants in our country."
According to Bi Siqi, First Secretary of the Economic Section of the Polish Embassy in Beijing, Poland is also currently working on upgrading and upgrading domestic energy facilities, with a focus on the clean energy sector. “We are still considering further development of hydropower and upgrading the existing energy system. In the process, China has a lot of technology to offer to us.”
Towards Central and Eastern Europe, Chinese companies have obvious advantages
The energy market in Central and Eastern Europe is still a relatively unfamiliar area for China’s energy companies. In the process of Chinese companies moving to Central and Eastern Europe, what advantages do we have? Through exchanges with experts from various countries in the energy sector, reporters can clearly feel that Central and Eastern European countries generally highly recognize China’s solid strength in technology and capital.
“Your country’s technology in the areas of new energy and electric power is very advanced. We are looking for an overall smart solution for energy. This is in line with the needs of our country.” Lina, a renewable energy consultant at the Lithuanian Ministry of Energy, told the Global Times reporter. "I am very much looking forward to going to China's renewable energy power plants during the next few days and seeing China's renewable energy power plants to see how they work."
"Chinese companies have two major advantages: capital, experts!" Tony, deputy general manager of the Romanian National Nuclear Power Company, spoke concisely of the advantages of Chinese companies. This reporter learned that China National Nuclear Power Nuclear Power Romanian Nuclear Power Co., Ltd. and Romania National Nuclear Power Co., Ltd. had signed the Memorandum of Understanding on the Development, Construction, Operation and Decommissioning of Chernawad Nuclear Power Units 3 and 4 in November 2015.
While Bi Siqi, First Secretary of the Economic Section of the Polish Embassy in Beijing, fully appreciates the advantages of China's great powers, he told reporters that as a global power, China is playing a vital role in the world's connectivity. "As China moves toward a global center, this process will not only be a process of gaining benefits for Chinese companies, but also a process of creating employment opportunities for local people around the world under a specific framework."
In an interview with a Global Times reporter, Xu Xiaodong stated that the energy development technologies and equipment technologies of China's energy companies are all at an advanced level in the world, and their funds are relatively sufficient. In addition, at the national level, our country also encourages energy companies to actively invest in countries along the Belt and Road. "This is the advantage of our company going global."
However, Xu Xiaodong also reminded us that due to differences in the national conditions, public sentiments, and institutions of the host country, after China's energy companies have gone out, they must also understand the national conditions of other countries. “In addition, after our company has gone out, apart from paying attention to what benefits it brings, it should also focus on what benefits it can bring to others,” Xu Xiaodong said. “After all, mutual benefit and win-win things can be achieved, and wishful thinking can be done. More difficult."
Does the "16+1" Mechanism undermine the EU's unity? This is not the truth!
Energy cooperation is an important part of the "16+1" cooperation. This mechanism was founded in 2012. It is a new type of cross-regional cooperation mechanism established by China and the countries of Central and Eastern Europe combined with their respective development needs and advantages. However, in recent years, the cooperation between China and the countries of Central and Eastern Europe has also attracted a lot of strange voices: On August 30, 2017, German Foreign Minister Gabriel published a speech at a foreign envoys’ meeting in Paris. The shocked remarks call for the EU to maintain its unity and demand that China should adhere to the "one European" stance instead of trying to "divide Europe" and directly target the "16+1 cooperation."
“Countries from Western Europe, such as Germany and France, have accused the mechanism of undermining the unity of the EU, but this is not the truth.” On this issue, Bi Siqi, First Secretary of the Economic Department of the Polish Embassy in Beijing, accepted the “Global Times”. The reporter refuted this in an interview. “This has brought us an opportunity to cooperate with China in certain specific areas. It is a very good thing,” Bischitz said. Poland and China are already in traffic under the “16+1” mechanism. The field has developed close cooperation. "Last year, the Chinese Minister of Communications visited Poland during the China-Central and Eastern Europe Minister of Transport. We are very happy about this, but we would like to further deepen this system."
According to reports, at the 2015 "Suzhou 16+1" Leaders Summit, China and the countries of Central and Eastern Europe jointly issued the "Mid-term Plan for Cooperation between China and Central and Eastern European Countries" and the "China-Central and Eastern European Cooperation Suzhou Outline," proposing the establishment of "China." - Central and Eastern European Countries Energy Projects Dialogue and Cooperation Center." The Chinese Secretariat of the Center is located in the China Electric Power Planning and Design Institute, and the European Secretariat is located in the Romanian Energy Center. The meeting was the first event held by the center in China. Li Fanrong, deputy director of the Party Committee of the National Energy Administration, and Gao Rui, Counselor of the European Department of the Ministry of Foreign Affairs attended the meeting and delivered speeches. Xie Qiuye, dean of the General Commission for Electric Regulations and party secretary, gave a welcome speech. The meeting was chaired by He Yang, Deputy Director of the International Division of the National Energy Administration.