[CEEC signs energy cooperation agreement with ACWA Power]On May 10, 2023, Sun Honghong, Deputy Secretary of the Party Committee and General Manager of CEEC, held talks with Raad Sander, Vice Chairman and Managing Director of ACWA Power, at the company headquarters. The two sides conducted candid exchanges on continuing to strengthen cooperation in the global clean energy field and signed a strategic cooperation agreement. The two parties innovated the cooperation model, promoted the smooth performance of the project from the source, and took the signing of the strategic cooperation agreement as an opportunity to further enhance mutual trust, mutual benefit and win-win, carry on the past and open up the future, and strengthen cooperation in the Middle East, Central Asia, Africa and China's domestic markets, in order to practice The Green Middle East, the Green Saudi Initiative and the Belt and Road Initiative have contributed more. Edit/Ma Xue
The Qinghai Provincial Development and Reform Commission has released the first batch of bidding for independent new energy storage projects on the grid side in 2026, with a total scale of 2GW and an energy storage duration of no less than 4 hours, to be implemented in 5 sections. The project is planned to be connected to the grid by the end of September 2027, and can enjoy an annual compensation of 185 yuan per kilowatt capacity to assist in the construction of new power systems in the province. Editor/Min Jing
The Vietnamese parliament has passed a resolution to increase the scale and configuration standards of the cross-border railway construction in Laojie, Hanoi, and Haiphong, and significantly increase investment. The railway is expected to be completed by 2030, optimizing cross-border trade logistics between China and Vietnam, connecting the China Europe transportation corridor, improving the layout of the Pan Asian Railway, and helping Vietnam enhance its position as a regional transportation hub. Editor/Min Jing