BEIJING: China Energy Engineering Group Co Ltd vows to further expand its presence in the global clean energy market, especially in countries and regions participating in the Belt and Road Initiative (BRI), says its top official.
Seeing tremendous potential in the clean energy market for years to come, the company, one of the world’s largest advanced energy engineering conglomerates, will accelerate investment in solar, wind and hydropower in economies participating in the BRI, said Song Hailiang, chairman of the company, also known as Energy China.
“The company has been strengthening technical cooperation with partners worldwide while actively exploring diversified cooperation methods.
“We believe establishing a strong overseas presence is a key component in the company’s business strategy to become a world-class clean energy group,” Song said.
The company currently sees its business spread across more than 140 countries and regions, with a contract value signed with economies participating in the BRI exceeding 500 billion yuan (US$71.8bil or RM326bil) in the past five years, he said.
Energy China has seen its presence expanding on the global stage in the past few years with its high-quality projects.
It includes the Nestor Kirchner-Jorge Cepernic hydropower plant in Argentina, the Tengger Reservoir 60-megawatt floating solar project in Singapore, the Sao Lourenco water supply project in Brazil and the Umm Al Quwain independent water project in the United Arab Emirates.
The Nestor Kirchner-Jorge Cepernic hydropower plant, the world’s southernmost hydroelectric dam with a capacity of 1,310 megawatt, is expected to be put into commercial operation by the end of 2024.
It will play a key role in promoting the local green energy transition and lift Argentina’s installed power capacity by approximately 6.5%, Energy China said.
With a total contractual amount of more than US$5bil (RM22.7bil), the project, the largest cooperation agreement of a Chinese company in a Latin American country as well as the largest overseas electric power investment project by a Chinese company, is expected to increase Argentina’s hydroelectric generation by 15%, it said. — China Daily/ANN
