PowerChina eyes bigger global footprint

Power Construction Corp of China, the biggest hydropower designer and builder in the country, has vowed to work more closely with countries and regions participating in the Belt and Road Initiative through further investment in the energy sector and contribute to the overall progress of local economies.

The company, also known as PowerChina, envisages more than 1,400 projects in 57 countries and regions involved in the initiative, with contracts valued at more than $600 billion. The 350 projects under construction have total contract value of about 300 billion yuan ($47 billion).

PowerChina makes more than 50 percent of its gross profits from its international business.