[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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• 2026.08.10 11:16
• [Bayannur Taiyanggou Pumped Storage Plant Hits Key Construction Milestone]
• Recently, the excavation of the right bank dam shoulder of the main dam of the Taiyanggou Pumped Storage Power Station in Bayannur, Inner Mongolia has reached the design elevation, and the main construction of the reservoir has been fully launched. The storage capacity of the upper and lower reservoirs is considerable, and multiple supporting facilities are being promoted simultaneously. The project construction is steadily accelerating. Editor/Min Jing

• 2026.08.10 11:13
• [China Power Construction Peru Photovoltaic Project Debuts and Enters Live Debugging]
• Recently, the first 33 kV collection line of the 96.9 MW photovoltaic project in Vaira, Peru was successfully powered once. The live equipment is running stably, and the project has officially entered the live commissioning stage. After the completion of the project, the average annual power generation is expected to reach 250 million kilowatt hours, which can meet the annual electricity demand of about 230000 Peruvian households and reduce carbon dioxide emissions by about 150000 tons per year.Editor/Cheng Liting