Power China will rely on large infrastructure, focus on the hydropower city, integrate investment and construction, and create modern and characteristic power construction. China Power Construction issued an announcement from January to September that the value of newly signed contracts reached 520.591 billion. Among them, the value of newly signed domestic contracts was approximately 428.932 billion, a year-on-year increase of 15.83%. The value of newly signed foreign contracts is equivalent to RMB 91.659 billion, a year-on-year decrease of 30.63%. The total value of newly signed contracts for domestic and foreign water conservancy and power businesses is approximately RMB 207.187 billion.

China Power Construction's stable performance in September

In 2021, China Power Construction plans to sign 747 billion yuan in new contracts. Today, 520.591 billion yuan has been newly signed from January to September, and 70% of the annual target has been achieved. Compared with the 5.33% year-on-year growth in August, the year-on-year growth in September was only 3.61%. However, looking at the average monthly growth rate of PowerChina since 2021, it has remained at double digits, and the growth has been relatively rapid and steady.

Specifically, the regional distribution of the amount of newly signed orders can be seen from the above figure: Sichuan, Jiangsu, Shaanxi, Guangdong, Hebei, Shandong, Yunnan, Hubei, Henan, Zhejiang, Chongqing, etc. are among the top ten regions in terms of winning bid amount.

From the perspective of the types of projects that have won bids, water conservancy, hydropower, municipal, and highways accounted for the main share of the order. As you can see, from January to September, PowerChina achieved a positive year-on-year growth in China, and the only thing that needs to be done is overseas. In terms of overseas business, POWERCHINA mainly focuses on Asia and Africa, and these markets have limited capacity and room for growth. Nowadays, the overseas epidemic is raging, and the uncertainty of the international engineering contracting market has increased. Although POWERCHINA also won many overseas orders in the first half of the year, there was still a decrease from January to September compared with the same period in previous years. But don’t worry, because PowerChina’s strong overseas operations capabilities, coupled with a wealth of practical experience in international operations, will surely be able to achieve overseas counterattacks.

Outstanding ability to undertake major projects

According to data analysis, PowerChina has significantly improved its ability to obtain major/key projects. For example, in January-September, Power China won over 165 major projects with a single contract value of more than 500 million yuan, and the cumulative contract value exceeded 250 billion yuan, which has been greatly improved compared with the same period. And in the super large, key projects (domestic and foreign), it is constantly making breakthroughs.

The following are some of the winning projects

Large orders require large operations, and in many cases innovative thinking is required. China Power Construction implements the new development concept of innovation, coordination, greenness, openness, and sharing. It relies on "large infrastructure", focuses on "water, energy, and city", integrates "investment and construction", and builds modern power construction, digital power construction, Characteristic power construction. At the same time, it has the all-round advantages of "understanding water and electricity, good at planning and design, long construction and construction, and investment and operation". Based on the core advantages of understanding water and electricity and the outstanding characteristics of the entire industry chain, it has the ability to promote sustainable development. Core resources and capabilities. PowerChina’s business covers engineering contracting and survey design, power investment and operation, real estate development, equipment manufacturing and leasing, and other businesses. It has the entire industry chain service capabilities of planning, survey, design, construction, operation, equipment manufacturing, investment and financing, etc. Able to provide owners with one-stop comprehensive services. This is a strong guarantee for the landing of many large orders.

Continued efforts in overseas projects

As mentioned above, China Power Construction’s overseas business needs to exert effort. Therefore, in the near future, we can also see that China Power Construction is also continuing its efforts in overseas markets. For example, in Asia, Africa, South America and other countries along the Belt and Road, eight projects have been signed successively, further demonstrating the brand influence and international competitiveness of China Power Construction. Let's take a look at these projects:

The Hydropower Infrastructure Bureau, a subsidiary of PowerChina, successfully won the bid for the commercial building project in Sabah, Malaysia. The project is located in the center of Kota Kinabalu, Sabah, Malaysia. It covers an area of 3420 square meters, with a total of 19 floors, a total height of 74.83 meters, and a total construction area of approximately 31,500 square meters. The Chengdu Research Institute of PowerChina signed a contract for the foundation design of the Poso-3 Hydropower Station dam in Central Sulawesi, Indonesia. The installed capacity of the power station is 4×100 MW (Phase I project) + 2×200 MW (Phase II project). The construction of the power station will play a very important role in alleviating the power supply of Sulawesi, promoting employment, and promoting local economic and social development.

Shandong Power Construction No. 1 Company, a subsidiary of PowerChina, successfully won the bid for the biomass project in Brazil's IBS Book City. The project has an installed capacity of 80 MW, and the scope of work is the expansion of the 80 MW Book City Biomass Power Station and the project's line transmission and access substation expansion. The winning of the bid lays a solid foundation for the continued and in-depth cooperation between the two parties in clean energy and other fields.

Power China signed a contract for the Madagascar National Highway No. 5 project. The project is 75 kilometers long. After completion, it will greatly improve the traffic conditions in the northeast of Madagascar. It will strengthen the economic links between the provinces in the northeast and the largest port, Tuamasina, and the capital, Tana. It is important to improve the vitality of the region’s economic development. Assure.

The Fourteenth Bureau of Hydropower and the Congo (DRC) Highway Bureau signed a contract for the Lot 2 and Lot 3 sections of the National Highway No. 1 Enjili-Basamba Road Rehabilitation Project.

The Hydropower 11th Bureau of Power China and the Senegal Coast and Tourism Development Company formally signed a contract for the sewage treatment plant project in the Sahaina tourist area. In addition, the 11th Bureau of Hydropower also signed a contract for the Zambia Rufubu Hydropower Project, with a total installed capacity of 326 MW. It is planned to be developed in two phases, 163 MW in the first phase and 163 MW in the second phase.

The Power Construction Municipal Corporation of China Power Construction won the bid for the upgrade project of Kenyatta Road (C565) in Kiambu County, Kenya. The project is an EPC contract model with a total length of about 23 kilometers. After completion, it will greatly improve local traffic conditions and capacity, ease traffic pressure, improve the surrounding environment of the project, and promote economic development along the route.

China Power Engineering Institute signed a basic design contract for the Poso-3 hydropower station dam project in Central Sulawesi Province, Indonesia. This is the ninth design consulting contract for Chengdu Institute to expand in the Indonesian market. It is of great significance for the company to continue to deepen the Indonesian market.

There are many projects, so I won’t list them one by one here. These projects are all important measures of China Power Construction Marine to implement its foreign strategy and a good proof of its hard work.

Core competence

An engineering construction investment developer that provides integrated services for the entire industrial chain of investment, construction, and operation. It has the advantages of the entire industrial chain of investment financing, planning and design, construction contracting, operation management, and equipment manufacturing, and the ability to provide integrated solutions. China Power Construction takes planning and design as the leader, engineering contracting as the main body, high-end equipment manufacturing and franchise investment as the growth pole, financing development and financial services as the driving force, and the whole industry chain integration and overall solution services as the main business Mode, realize the balanced and coordinated development of the entire industry chain, and continuously promote the transformation and upgrading to the key links of the industry chain and the high-end value chain, and the market competitive advantage is further enhanced.

As an advocate of "high-end entry, planning first", the advantages of water resources and river basin planning and design capabilities are particularly prominent. Power China's "watershed planning, system governance" concept, "understanding water and power generation" unique advantages and industry-leading planning and design , Professional technology and management capabilities have been highly recognized by many parties, which are in line with the country's new urbanization strategy. PowerChina has the inherent advantages of planning first and integration of the industrial chain, and is an important initiator, promoter and implementer of China's wind power and photovoltaic power generation business. Adhering to the concept of "service sharing, cooperation and win-win, and beyond development", PowerChina has vigorously promoted international production capacity cooperation, actively carried out "third-party market cooperation" with enterprises in developed countries, and "formed overseas" with upstream and downstream enterprises in the domestic industrial chain to integrate Advantages of all parties to achieve a win-win situation for all parties, and promote business from an international operating company to a multinational and global company with global competitiveness and global resource allocation capabilities. Keywords: engineering construction, engineering construction, central enterprises

In short, through the above projects, it can be seen that the momentum of China Power Construction's development is irresistible, and the future can be expected! Editor/Sang Xiaomei