[China Power Construction Iraq 750MW Solar Energy Project Approved]On May 30, 2023, the Iraqi Cabinet stated in a foreign statement that it had approved China Power Construction's photovoltaic project in the southern province of Musana, with a total installed capacity of 750MW and a total investment of 520 million US dollars. In August 2021, China Power Construction Corporation signed a cooperation agreement with the Ministry of Electricity of Iraq to develop 2GW photovoltaic power generation projects within Iraq, with the first phase investing in the development of 750MW. The Iraqi government has set a renewable energy development goal and plans to achieve a total installed capacity of 10GW of solar power generation by 2030, mainly relying on investment and development by private sector enterprises. Editor/Ma Xue
In 2026, the Latavi natural gas processing project in Iraq will reach a progress rate of 36%, with CPECC undertaking a $1.61 billion EPC and a daily processing capacity of 300 million cubic feet in the first phase.Editor/Gao Xue
On October 31, 2026, Dongfeng MAGE EV was put into production at the Nasser Automobile Factory in Egypt, with a localized component ratio of 45%, marking new progress in China Egypt cooperation in new energy vehicles.Editor/Gao Xue