China, Russia agree to jointly build hydropower plant: Xinhua

BEIJING (REUTERS) - China's biggest hydropower developer, China Three Gorges Corp has signed an agreement with Russian hydropower firm RusHydro to jointly built a hydropower plant in Russia, state news agency Xinhua said on Saturday.

The 320-megawatt plant would be located on Russia's Bureya river in the east and would help to control floods in the region, Xinhua said, citing a statement from Three Gorges.

Electricity generated from the plant would be transmitted back to China, it said.

Details about the value of investment were not available.

The deal was one of a series signed between China and Russia on the sidelines of a parade in Moscow that was attended by President Vladimir Putin and Xi Jinping to mark the end of World War II.