Oleg Deripaska
Media playback is unsupported on your device
Video

Russian tycoon plans to supply power to China

One of Russia's richest men is planning to invest billions of dollars in a scheme to sell electricity to China.

Oleg Deripaska wants to build a series of hydro-electric dams in remote eastern Siberia and export the power southwards to cash in on Asia's booming economies.

He says he could be shipping 15 billion kilowatt hours a year to China within the next five years.

He told the BBC's Daniel Sandford the potential market is 60 billion kilowatt hours a year - enough electricity to power Greece.

  • 15 Jun 2011
Go to next video: Oligarchs fight for Russian nickel giant