POWERCHINA launches strategic co-op with ADANI

chinadaily.com.cn | Updated: 2018-04-25 14:03

Power Construction Corporation of China (POWERCHINA), the world's largest power engineering contractor, signed a memorandum of understanding (MoU) of strategic cooperation with India's Adani Group in Beijing on April 24.

POWERCHINA launches strategic co-op with ADANI

Ding Zhengguo (L), assistant general manager of POWERCHINA, and Vneet S. Jaain (R), chief executive officer of Adani Power, the power business subsidiary of Adani Group, shake hands during the ceremony on April 23. [Photo/POWERCHINA]

The parties also agreed to work jointly in the Engineering, Procurement and Construction of Godda Project—a coal-fired power plant comprising two power units (2x800MW) in the Godda district of Jharkhand, India.

Yan Zhiyong, chairman of POWERCHINA, speaks during the ceremony on April 24. [Photo/POWERCHINA]

Yan Zhiyong, chairman of POWERCHINA, delivered a keynote speech at the signing ceremony.

"On the basis of the MoU and Godda Project, POWERCHINA will work together with ADANI to construct the Bangladesh-China-India-Myanmar economic corridor," said Yan in his speech.

Yan Zhiyong (L), chairman of POWERCHINA, and Gautam Adani (R), chairman of ADANI, chat after the signing ceremony on April 24. [Photo/POWERCHINA]

Adani Group is a global integrated infrastructure giant engaged in many key industry verticals including resources, logistics, energy and agriculture. It is the largest port developer and operator in India, with total revenue of over $12 billion in 2017.