A consortium affiliated with China Energy Engineering Group signed a new energy EPC contract in Saudi Arabia worth approximately 19.554 billion yuan
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A joint venture affiliated with China Energy Engineering Group has signed a contract for a new energy turnkey project in Saudi Arabia worth approximately 19.554 billion yuan. A statement issued by China Energy Engineering Group shows that a consortium formed by its subsidiaries China Energy Engineering International Construction Group Co., Ltd., China Energy Engineering Group Guangdong Thermal Power Engineering Co., Ltd., and China Electric Power Engineering Consulting Group Northwest Electric Power Design Institute Co., Ltd., has signed three contracts for new energy EPC projects with Saudi International Electricity and Water Company, Saudi Public Investment Fund, and Saudi Aramco Electricity Company. The total value of these contracts is approximately 2.745 billion US dollars, which is equivalent to around 19.554 billion yuan. The announcement states that the contracts signed by China Energy Engineering Group this time include 3GW of wind power project works as well as 2GW of photovoltaic project works. The details are as follows: The general contract for the construction of Shakira 1GW wind power project, phase 5, under Saudi PIF, has a contract value of 663 million US dollars, with a construction period of 26 months ； General contract for the construction of Phase 5 of Saudi PIF’s Strata 2GW wind power project; contract value: 1.251 billion US dollars; project construction period: 30 months ； General contract for the EPC of Saudi PIF’s Phase 6 Foresight 2GW photovoltaic project, with a contract value of $831 million ； The project construction period is 26 months.
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