On September 15, 2021, the consortium formed by the company and Pinggao Group International Engineering Co., Ltd. signed a cooperation agreement with Kai Ling International Energy Holding Group Co., Ltd. on the Al-Faw 1000MW Combined cycle power plant project in Basra, Iraq.
The signing of the agreement for China xd, high level group, Xu Ji group, shandong electrician electric was founded, such as restructuring is nearly 120 billion new state assets - China electric equipment group in the future develop the Middle East market provides a good opportunity, in the area of countries along the way is given priority to with developing countries, power, power grid construction foundation is weak, Iraq, in particular, has great potential for transformation and upgrading. Countries along the Belt and Road do not have particularly strong local power transmission and distribution enterprises, nor do they have a strong tendency of local protectionism. The forthcoming China Power Equipment Group will further enhance China's overseas competitive advantages in power transmission and distribution equipment.
In terms of business type and volume, the consortium members have strong professional strength and strong scientific research strength. Pinggao Group was founded in 1970. After 50 years of development, pinggao Group is positioned as an electric equipment manufacturer and system integrator. Now, it has formed two major businesses, namely electric equipment r&d and manufacturing with switches as the core and integrated energy system solutions. Its business scope covers r&d, design, manufacturing, sales and testing of power transmission and distribution equipment, complete sets of related equipment, service and project contracting, GIL, power storage, integrated energy, etc.
China power engineering consulting group, the northwest electric power design institute co., LTD., founded in early October 1956, is China's energy construction group wholly owned subsidiary of China power engineering consulting co., LTD, has the comprehensive grade a engineering design, engineering survey and comprehensive grade a, engineering consulting, construction cost consultation, environmental impact assessment, such as more than 10 kinds of class a qualification of surveying and mapping, In terms of business development, it has established business relations with more than 40 countries and regions around the world.
From the perspective of the al-Faw 1000MW Combined cycle power plant project in Basra, Iraq, this project is highly valued by the Iraqi local government. In April 2021, the Basra Investment Commission, as an Iraqi government agency, sent a letter to Aligning International Energy Holding Group Limited, welcoming its arrival in Basra, Iraq to complete the Basrafao 1000MW combined cycle power plant project.
According to the public information, Kay Ling International Energy Holding Group Co., Ltd. is an international company mainly engaged in energy investment. After years of development, it now has a wide and mature market in the Middle East, North Africa and other regions. In Iraq, besides the Basra Investment Commission al-Faw 1000MW combined cycle power plant, it has also been invited to invest in the construction of basra to Najaf pumping station, oil storage tank and 350 km oil pipeline, Basra Palm comprehensive residential community and supporting projects, with a total investment of nearly 3 billion DOLLARS.
"The Iraqi government has stepped up its efforts to develop the economy and improve people's livelihood in the face of the global epidemic," said Ms. Zhang Rui, CEO of Kay Ling International Energy Holdings. And investment committee of basra to all project construction and the livelihood of the people is very important to the economy of basra, Iraq project bus Mr Benitez (AL - auto works) is an important economic and military powerhouse, Iraq is one of the biggest oil port of southern Iraq, electricity demand gap is very big, with high & northwest hospital association cooperation will reveal a great charm "made in China.
The consortium of Pinggao Group and Northwest Electric Power Design Institute Co., Ltd. of China Power Engineering Consulting Group has a strong technical advantage in the development of Iraq al-Faw 1000MW cycle power plant project. From the perspective of the businesses covered by the consortium, its high-end consulting planning, engineering survey and design, engineering general contracting and other business fields, In energy planning and research, thermal power generation, new energy power generation, multi-energy complementary, power transmission and transformation, municipal engineering and environmental protection and other aspects to maintain a comprehensive industry leading edge, with strong strength to provide integrated services for customers.
