[Three Gorges Group and Zheneng Joint Venture to Establish Pumped Storage Company]On June 21, 2022, Zhejiang Songyang Pumped Storage Co., Ltd. was established with a registered capital of 1.6 billion yuan. Its business scope includes hydropower generation, tap water production and supply, scenic spot management, energy storage technology services, etc. The company is jointly held by China Three Gorges Construction Engineering Co., Ltd. and Zhejiang Zheneng Green Energy Power Development Co., Ltd. Editor / Zhao E
The Saudi Ports Authority Mawani has opened up investment in the development and operation of the Jeddah Humla Integrated Logistics Zone, which covers an area of 2.4 million square meters and is adjacent to Jeddah Islamic Port, radiating to the European, African, and Middle Eastern markets. This investment promotion aims to supplement the supporting facilities in the port area. Investors can submit their intentions online, but the details of the land parcel have not been announced yet. Editor/Min Jing
Zakubov, Chairman of Kazakhstan's Samrukh Kazenana Sovereign Wealth Fund, and Zhou Huaixin, General Manager of CNPC, held talks in Astana to promote oil and gas projects such as Kashagan and Mangistau in the northern Caspian Sea. Kashagan exceeded its target of producing 12.8 million tons of oil in the first nine months of the year and will expand cooperation to renewable energy. They plan to implement a joint technology implementation plan from 2027 to 2030. Editor/Min Jing