Pictured above, from left, are 徐龙海 (Xú Lónghǎi), Deputy President of 和建国际工程有限公司 (Harcan Engineering Co., Ltd.), and Kirsan Nikolayevich Ilyumzhinov, President of the International Sugar Corporation (ISC) as well as former President of the Fédération Internationale des Échecs (FIDE), signing a memorandum for construction on April 25, 2019 in 北京 (Běijīng), China. The signing of the agreement formalised the Chinese investment in the pilot project of the “First Donskoy Sugar Factory” to be constructed in Tselina, Tselinsky District, Rostov Oblast, Russia. As Ilyumzhinov told Nezavisimaya Gazeta by phone immediately after the memorandum signing, construction works will start on next September. “The cost of the project is 16 billion and 200 million rubles (about $250 million dollar), of which approximately 30% will be Chinese investment”, Ilyumzhinov said. “The construction will be conducted by the Chinese company Harcan Engineering, which is involved in constructing nuclear power plants as well as other complex industrial facilities in 24 countries. The factory will start working in September 2021”. Photo © yugsn.ru.
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