[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
Yondr Group, a global developer of ultra large scale data centers, has completed two new financing rounds, consisting of a global letter of credit instrument and a European holding company financing instrument, respectively used to lock in power capacity for European and American projects and reduce leverage on European platforms. The current power generation has become a core bottleneck in data center development, and the surge in demand for AI and cloud computing has intensified this competition. The two financing rounds were participated by multiple institutions such as French Foreign Trade Bank, BNP Paribas, and IFM Investors, providing capital ammunition for Yondr's continued expansion. Editor/Cheng Liting
Hong Kong Chief Executive Carrie Lam led 40 business leaders and 30 representatives of mainland enterprises to visit Kazakhstan, marking the first visit of the Chief Executive to Central Asia and receiving a high-level reception from President Tokayev. The two sides signed seven cross disciplinary agreements covering fields such as science and technology innovation, finance, and information technology, connecting the cooperation channel between the Hong Kong Stock Exchange and Astana International Financial Center. As the first place of the the Belt and Road and the largest trading partner of Hong Kong in Central Asia, Kazakhstan is accelerating its industrial transformation. Editor/Cheng Liting