Business / Companies

PowerChina goes global and green

By Du Juan (China Daily) Updated: 2016-06-30 09:50

Power Construction Corporation of China Ltd, the biggest hydropower designer and builder in the country, will build on its current achievements to accelerate its overseas work during the 13th Five-Year Plan (2016-20), Yan Zhiyong, president of the company, said on Wednesday.

By the end of 2015, the company, often called PowerChina, made than 50 percent of the gross profit from its international business. Overseas business takes up more than 30 percent of its total revenue, according to the company.

"PowerChina will continue to bring the best power solution to the world," he said. "In our overseas projects, the company offers not only technologies and experiences, but also lessons we've learned."

He said in many overseas projects in countries such as Pakistan and Egypt, the company provides power solution services for the whole country's energy supply instead of a single project.

"In the past several years, we have provided power planning for free to more than 30 countries along the Silk Road," he said.

"As a global company, we are making efforts on sustainable growth not only for Chinese people, but also for people in the whole world."

Vice-Premier Zhang Gaoli said during the 2016 G20 Energy Ministerial Meeting held in Beijing that international energy cooperation will bring benefits to all countries and regions, as the mobile internet, big data and cloud computing play bigger roles in the energy sector.

"Fossil energy consumption has brought many ecological problems. The world's economy will be unable to continue developing if we keep an energy-extensive consumption mode," Zhang said.

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