[South African Ports Authority plans to invest$570 million in port infrastructure] South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors. Editor/Xing Wentao

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• 2026.08.18 11:46
• [The bidding for the Three Gorges Mengneng Dongsheng Thermal Power Project has landed]
• On August 14, 2026, the bidding candidates for the construction and installation of the raw water pretreatment system for the Three Gorges Mengneng Dongsheng Thermal Power 4 × 1000MW expansion project with a total investment of 15.7 billion yuan were announced. China Electric Power Construction Hubei Electric Power Construction ranked first with a quotation of 22.9392 million yuan and a construction period of 120 days, which needs to be completed before winter. The project has an installed capacity of 4 million kilowatts and is an integrated wind solar thermal storage peak shaving power source. The first unit will be connected to the grid in 2027 and fully put into operation in 2028, which will ensure the transmission of new energy and help transform the energy structure.Editor/Gong Ziwei

• 2026.08.18 11:43
• [Sinopec Refining and Chemical Engineering Wins $795 Million New Order from Gulf]
• Recently, Sinopec Refining and Chemical Engineering disclosed its operating performance for the first half of 2026, with newly signed overseas contracts worth 3.052 billion US dollars and a contribution of 795 million US dollars to the Gulf market. Obtained multiple energy projects in the United Arab Emirates and Saudi Arabia, and signed two five-year long-term framework agreements with Saudi Aramco. Multiple oil and gas, as well as green hydrogen projects under construction in Saudi Arabia, are progressing in an orderly manner, with some projects exceeding 80% progress. At the same time, we have won large orders from Kazakhstan, expanded our business to multiple countries, accelerated the layout of the green and low-carbon track, and continuously enhanced our competitiveness in overseas markets.Editor/Gong Ziwei