Power China has nurtured new opportunities amidst the crisis and opened a new game amidst changes. Recently, Power Construction Group signed 4 orders in a row in overseas markets.
1. Côte d'Ivoire Abidjan City Ring Express Road Project
On December 9, 2020, Power Construction Municipal Corporation of China and West Africa received a bid-winning letter from the Ministry of Equipment and Road Maintenance of Côte d’Ivoire, and won the bid for the Abidjan City Ring Express Road project under the brand SINOHYDRO. The main construction content of the project includes the construction of 13 kilometers of two-way four-lane asphalt roads, 8 bridge structures, drainage and protection works, signal devices and safety equipment, public lighting projects, etc. The construction period is 27 months, and the funding source is the World Bank.
The Abidjan City Ring Expressway Project in Côte d’Ivoire is the company’s second spot exchange project in Côte d’Ivoire this year.
2. Iraq Baghdad South Combined Cycle Power Plant Project Contract
Power China announced that its wholly-owned subsidiary, China Hydropower Construction International Engineering Co., Ltd., indirectly holding 100% of its shares, has signed a contract with Jordan Dahir Group for the Iraqi Baghdad South Combined Cycle Power Plant Project. The contract value is US$836,915,800, equivalent to RMB About 590,025.64 million yuan.
The project is located 50km south of Baghdad, the capital of Iraq. The main project content is to build a 1000MW combined cycle power station, which consists of 2 gas turbine modules. Each gas turbine module includes 3 9E gas turbines, 3 waste heat boilers, and 1 steam turbine. Generator sets and related supporting facilities. The project construction period is 36 months.
3. Cebu-Mint 230 kV interconnection project Dumanjug 230 kV substation expansion & Visayas-Mindanao Interconnection project Dumanjug 138/69 kV expansion project
On December 7, 2020, the consortium of PowerChina International successfully won the bid for the Cebu-Mint 230kV interconnection project Dumanjug 230kV substation expansion & Visayas-Mindanao Interconnection project's Dumanjug 138/69kV expansion project The construction scope includes EPC general contracting of 2 sets of 70 Mv reactors, 2 sets of 100 Mv A main transformer and other equipment.
The project is a converter station expansion project. After completion, it can rely on the Visayas-Mindanao Interconnection Project to greatly improve the stability of the power load around Dumanjug. Shanghai Power Construction Fujian Company is responsible for the civil engineering, construction, installation and commissioning of the project.
4. EPC contract for Myanmar Kyaukphyu gas-steam combined cycle power station
On the morning of December 10, 2020, the signing ceremony of the EPC general contract and construction supervision contract for Myanmar's Kyaukphyu gas-steam combined cycle power station was held at the headquarters of the Power Construction Haitou Company. Company Chairman Sheng Yuming, General Manager Du Chunguo, General Manager Ji Xiaoyong of Power Construction International, Chairman of Shandong Power Construction No. 1 Company Wang Shoumin, Chairman of the Tenth Hydropower Bureau He Qigang, Chairman of the Central China Institute of Technology Jia Zhijie, Chairman of the Hebei Institute and other leaders and participating in the construction Relevant leaders and persons in charge of the unit attended the signing ceremony, and the company's deputy general manager Cai Bin presided over the ceremony.
Wang Shoumin, chairman of Shandong Power Construction No. 1 Company, stated that Shandong Electric Construction No. 1 Company regards the Kyaukphyu project as a strategic implementation project, has established a capable and efficient EPC general contracting project performance team, and quickly promotes project construction with high quality and high standards, and insists on "respect and obey, The corporate philosophy of "cooperation and win-win" serves the owners wholeheartedly, consciously obeys the overall situation of project construction, and does everything possible to promote project construction.
He Qigang, Chairman of the Tenth Hydropower Bureau, said that as the main contractor, the Tenth Hydropower Bureau attaches great importance to the Kyaukpyu project. It will deploy an excellent management team, integrate superior resources, and give full play to the resource advantages of the Tenth Hydropower Bureau in Myanmar, and cooperate with the EPC general contractor. All parties involved in the construction work together to make the Kyaukphyu project a high-quality project.
Jia Zhijie, chairman of the Central China Institute, said that as the design party, the Central China Institute will scientifically organize and carefully implement it. Under the guidance of the “four-in-one” organization and control mode of the Power Construction Hai Investment Company, it will give full play to the leading role of design to ensure the function and performance of the power plant. Under the premise of high quality, reasonable design optimization and strict control of project cost, the Kyaukphyu project will become a model of the group's overseas high-quality projects.
Zhou Xinjun, chairman of the Hebei Institute, said that as a construction supervision party, the Hebei Institute attaches great importance to project supervision, will strengthen leadership, deploy an excellent supervision team, earnestly perform supervision duties, cooperate with all parties involved in the construction, and make positive contributions to the creation of overseas quality projects.
The chairman of the company Sheng Yuming expressed warm welcome and sincere thanks to all the leaders for attending the signing ceremony, and congratulated the Power Construction International Corporation for winning the EPC contract for the Kyaukpyu Gas Power Station and Hebei Xingyuan Engineering Construction Supervision Co., Ltd. for winning the Kyaukpyu Gas Power Station Construction Supervision Contract.
Sheng Yuming pointed out that the Kyaukphyu project is the first power investment project of China Power Construction Group in Myanmar, and it is also the first gas-fired power station project invested and developed by China Power Construction Group overseas. Power Construction Offshore Investment Corporation is a specialized overseas power investment project of China Power Construction Group. The leading platform for the entire industry chain will always take the group’s internationalization strategy as the starting point and foothold. Through strategic guidance and driving, integration of the group’s investment and financing, design, supervision, construction, operation and maintenance and other advantageous resources, the entire industry chain of the group will be integrated. With the advantages of globalization, we will realize investment leadership, strong alliances, and cluster development of "formation to go to sea", and jointly expand the international market.
Sheng Yuming hopes that all parties involved in the construction will adhere to the win-win concept of "full life cycle community" and "full industry chain common development", sincerely cooperate, form an excellent project team, give full play to the headquarters' rear support and guarantee role, and make every effort to complete the Kyaukphyu project. The Group's overseas boutique projects and demonstration projects actively contribute to the deepening of the brand influence of China Power Construction in the Myanmar market and the further development of the Myanmar market. Editor/Sang Xiaomei
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