[SSE plans to invest £40bn in clean energy projects] SSE Plc, a power generator and grid operator, set out plans to invest as much as 40 billion pounds in clean-energy projects over a decade and called on the government to keep Britain competitive. The UK is working to boost its renewable power generation capacity to meet its goal of net zero emissions by 2050 and to become more independent of imported energy after geopolitical conflicts caused supply disruptions. What we want to see is an acceleration of pace and ensuring that Britain can compete with places like the United States with the Inflation Reduction Act (IRA), SSE chief executive Alistair Phillips-Davies said in a conference call with reporters. Mr Phillips-davies said SSE could not rule out future investments in the US, but expected Europe to remain its core market. The UK has a contract for difference (CfD) scheme to help stimulate investment in new renewable energy projects, offering a guaranteed minimum price for the electricity they produce. Editor/Xu Shengpeng
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  • 2026.06.18 16:45
  • [Chinese enterprises win Indonesian polypropylene project]
  • Recently, China Chemical Fifth Ring Engineering Co., Ltd. successfully signed an EPC general contracting project for a 300000 ton annual polypropylene project in Indonesia. The project is located in Indramayu County, West Java Province, Indonesia, and the partner is Politama Company, a well-known local petrochemical enterprise in Indonesia. After the completion of the project, the cooperative enterprise will form a dual production line operation mode, significantly improving the local high-end polypropylene production capacity, filling the gaps in the petrochemical industry chain, and optimizing the overall structure of Indonesia's chemical industry. This cooperation is a new achievement of practical cooperation along the the Belt and Road. In the future, China will promote project construction with high standards and continue to cultivate overseas markets.Editor/Li Xiaohua
  • 2026.06.18 16:43
  • [Bangladesh seeks infrastructure cooperation with China]
  • Bangladesh plans to take advantage of the Prime Minister's visit to China to seek Chinese financing for nearly 20 transportation infrastructure projects, covering multiple fields such as bridges, railways, and subways. The focus of this project is on promoting the construction of nine bridges, including the second Padma Bridge, and the relevant feasibility studies have been completed. At the same time, we plan to restart multiple stalled double track railway renovation projects, purchase railway locomotives and vehicles, and build maintenance bases. In addition, Bangladesh plans a total length of 238 kilometers for the Dhaka Metro network, with an initial investment of approximately 340 billion taka in four lines. Chinese companies will participate deeply in Bangladesh's infrastructure construction for a long time, and the new round of planning will deepen cooperation between the two sides.Editor/Li Xiaohua
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