[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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• 2026.05.19 11:45
• [Datang Power and others establish a 10 billion joint venture company]
• Recently, Datang (Ordos City) Energy Development Co., Ltd. was established with a registered capital of 10 billion yuan. According to shareholder information, the company is jointly owned by Datang Power Generation, Jiangsu Guoxin Group Co., Ltd., and Ordos New Energy Development and Utilization Co., Ltd. Business scope: General projects: Power generation technology services; Wind power generation technology services; Solar power generation technology services; Energy storage technology services, etc. Licensed Project: Power Supply Business; Power generation business, transmission business, power supply business, etc.Editor/Gong Ziwei

• 2026.05.19 11:41
• [Chongqing 500 kV transmission and transformation project put into operation]
• On May 17, 2026, with the power transmission of the second main transformer of the 500 kV Xinyu substation, the first 500 kV transmission and transformation project in Chongqing's 15th Five Year Plan, the Banan Xinyu 500 kV transmission and transformation project, was put into operation. Two new main transformers with a total capacity of 2 million kVA will be built for the project, along with 53 kilometers of 500 kV transmission lines. After the project is put into operation, the number of 500 kV substations in Chongqing will increase to 20, further optimizing the main network architecture of Chongqing's power grid, enhancing the power supply capacity and reliability of the southern area of Chongqing, and providing stronger and more reliable power support for the high-quality economic and social development of Nan'an District and Banan District in Chongqing.Editor/Gong Ziwei