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RECOGNISING OUTSTANDING ACHIEVEMENTS IN ENERGY

The Global Energy Prize annually honors outstanding achievements in energy research and technology from around the world that are helping address the world’s various and pressing energy challenges.

The Nobel Prize winner: Russia will improve the feasibility of Asia Super Grid

The member of the Global Energy Prize International Award Committee, the Nobel Prize winner Rae Kwon Chung spoke at the key plenary session of Rugrids-Electro Forum. Within “Power industry 4.0. On the threshold of global technological changes” theme the scientist praised Russia`s role in the development of the North-East Asia Super Grid and explained why it will improve the project feasibility.

The world-recognized expert, the author of the green growth concept, Rae Kwon Chung, closely connects the upcoming technological changes in the energy sphere with the new economy and even politics. He is convinced that the transition to the “green” investments depends on the political will, and will never be dictated by the market. Competent actions of state institutions, refusal of short-term gains and shift to ecology as the main driver of growth will allow different countries` economies to be competitive. According to the scientist, the new economic reality is achievable by 2030.

Speaking on distribution of green technologies, Rae Kwon Chung stressed the benefits of interconnection of electric power systems of Russia, China, Mongolia, South Korea and Japan. Asia Super Grid – main extra high voltage network in the North-East Asia – should link electricity grid of five countries to export clean energy from the Gobi desert in Mongolia. And the Nobel Prize winner gives our country a special role in this project.

Note that nowadays the export relations of Russia with the Asia-Pacific countries in the electricity sector are poorly developed. Delivery neither to Japan nor to South Korea is implemented. Exports to South Korea involves in most cases the passage of the line through North Korea, which is fraught with political difficulties. Exports to China consists of three transmission lines, and this year the volume of deliveries will remain at the level of 2015(3.3 billion kWh).

“The Asia Super Grid will not only allow Russia to expand its export ties with Japan, Korea and China, but will also enhance the project”,–said Rae Kwon Chung. – “Countries, including Russia, have signed the Memorandum of understanding, the project implementation plan is under active development. At the moment Russia`s role is merely to be a link between Mongolia and Japan, but if Russia joins the project as a rout to export electricity generated with its huge natural gas reserves in the far East, it will dramatically  improve the ASG feasibility: it will increase the volume of the  electricity between the countries. Besides, connecting electric grid will be cheaper than building gas pipelines. This will generate new added value to Russia".

According to experts, the project will also be beneficial to the environment. Although fossil fuels will continue to dominate in the fuel balance of the ASG countries, accounting up to 77%, this proportion will fall to 72% by 2035 thanks to increasing share of renewable sources in the generation structure.

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