[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

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• 2026.08.31 11:56
• [The first complete export of domestically produced F-class heavy-duty gas turbines]
• On August 28, 2026, the Dongfang Shuguang 1 heavy-duty gas turbine officially departed from Deyang, Sichuan and was shipped to the Jangbur Oblast of Kazakhstan. This is the first complete export of China's independently developed F-class heavy-duty gas turbine. This national treasure will be used for the first 70 MW gas-fired combined cycle power plant project in the area.Editor/Gong Ziwei

• 2026.08.31 11:51
• [The main body of Huadian Lingbao Pumped Storage Power Station has started construction]
• On August 30, 2026, the main project of Huadian Lingbao Pumped Storage Power Station officially started, marking a new stage of comprehensive implementation of the project construction. The project is located in Zhuyang Town, Lingbao City, Sanmenxia City, Henan Province. It is invested and constructed by Huadian International Power Co., Ltd. It will install four 300000 kW single-stage vertical shaft mixed flow reversible units with a total installed capacity of 1.2 million kW. It is planned to be put into operation for power generation in 2030.Editor/Gong Ziwei