50 % , 22 2025 . /PRNewswire/ -- Shanghai Electric Euphrates . Shanghai Electric , . 625 () 50 %, 5 - (-) . . Continue Reading « . , , — Shanghai Electric. — " " ». , - . , . . , , . Shanghai Electric « » , . , , . , , . . , Shanghai Electric, , , -, . , . . (Ziad Ali Fadel) , : « . ». . - , , . . (Naseem Ayad), , : « , . ». Image1 https://www.shanghai-electric.com/group_en/. — https://mma.prnewswire.com/media/2849796/Image1.jpg — https://mma.prnewswire.com/media/2346204/Shanghai_Electric_logo.jpg ...

Core Insights - Shanghai Electric has initiated the Euphrates Combined Cycle Expansion Project in Iraq, aiming to enhance power plant capacity by 50% and alleviate chronic electricity shortages [1][2][3] - The project will add a total capacity of 625 Megawatts (MW) and is expected to generate an additional 5 billion kilowatt-hours (kWh) of electricity annually without increasing fuel consumption [1][4] Group 1: Project Overview - The project involves modernizing power plants in four Iraqi provinces: Najaf, Karbala, Babylon, and Al-Qadisiyyah, by converting simple cycle plants into combined cycle plants [1][3] - Core equipment for the project has arrived on-site, and construction is progressing through collaboration between Chinese and Iraqi teams [3][6] Group 2: Strategic Importance - The Iraqi Minister of Electricity, Ziad Ali Fadel, emphasized the project's significance in improving Iraq's electricity supply and optimizing power infrastructure, which will reduce dependence on gas imports and lower fuel costs for electricity generation [4][5] - The project is seen as a benchmark for power plant modernization in Iraq, reflecting the population's hope for a more reliable electricity supply and better living conditions [5][7] Group 3: Technological Innovation - The project utilizes advanced combined cycle technology, where high-temperature exhaust gases from existing gas turbines are used to generate additional power without extra fuel [4][5] - This phase of the project marks one of the first expansions of a combined cycle power plant in Iraq using exclusively Chinese equipment and standards, promoting the use of Chinese technology abroad [6][8]

Core Viewpoint - Shanghai Electric has initiated a significant project to enhance the capacity of power plants in Iraq, aiming to increase electricity production by 50% and alleviate chronic electricity shortages in the country [1][2]. Group 1: Project Overview - The project involves upgrading power plants in four Iraqi governorates by converting simple cycle units to combined cycle systems, adding a total capacity of 625 megawatts (MW) [1][3]. - The initiative is expected to generate an additional 5 billion kilowatt-hours (kWh) of electricity annually without increasing fuel consumption [1][4]. Group 2: Strategic Importance - The Iraqi Minister of Electricity emphasized the project's strategic importance for improving electricity supply and optimizing the country's electrical infrastructure, which will reduce dependence on natural gas imports and lower fuel costs for electricity production [4][5]. - The project is seen as a critical step towards addressing the long-standing electricity shortages that have affected Iraq for over thirty years, impacting livelihoods and hindering national reconstruction and economic growth [2][4]. Group 3: Technological Advancements - The modernization at the Najaf power plant utilizes high-temperature exhaust gases from existing gas turbines to produce additional electricity through heat recovery steam generators [4][5]. - This combined cycle process enhances production and efficiency without additional fuel, while also reducing thermal pollution from original units [4][5]. Group 4: Local Impact and Recognition - The project is expected to improve the living standards of local communities, support post-war reconstruction, and establish a solid energy foundation for industrial recovery and economic growth in Iraq [6]. - The use of Chinese technology and equipment in the project is anticipated to boost the recognition of Chinese standards in Iraq and facilitate the overseas deployment of Chinese energy equipment [5][6].

Core Viewpoint - The report highlights a decline in China's wind power generation in October 2025, with a year-on-year decrease of 11.9%, while the cumulative production from January to October 2025 shows a growth of 7.6% compared to the previous year [1]. Group 1: Industry Overview - In October 2025, China's wind power generation reached 73.3 billion kilowatt-hours, marking an 11.9% decrease year-on-year [1]. - The cumulative wind power generation from January to October 2025 totaled 841.67 billion kilowatt-hours, reflecting a 7.6% increase compared to the same period last year [1]. Group 2: Companies Involved - Listed companies in the wind power sector include Jinlun Technology (002202), Mingyang Smart Energy (601615), Yunda Co., Ltd. (300772), Shanghai Electric (601727), and others [1].

Group 1 - The Shanghai Composite Index rose by 0.16%, closing at 3876.37 points, while the Hang Seng Index increased by 0.12%, closing at 25498.13 points [1] - Shanghai Electric's A-share premium reached 134.56%, ranking 23rd among A/H share premiums [1] - At the close, Shanghai Electric's A-shares were priced at 8.3 yuan, down by 0.95%, and H-shares were priced at 3.91 HKD, down by 0.76% [1] Group 2 - Shanghai Electric Group Co., Ltd. is a leading global provider of industrial-grade green intelligent system solutions, focusing on energy and industrial sectors [1] - The company adheres to a strategic direction of serving national strategies, developing new productivity, and achieving high-quality development [1] - Shanghai Electric's offerings span the entire industrial chain from energy production and transmission to intelligent industrial production and automation systems [1]

Core Viewpoint - Shanghai Electric and China National Nuclear Corporation (CNNC) are deepening their strategic cooperation to enhance capabilities in nuclear power technology and achieve mutual benefits [1] Group 1: Strategic Cooperation - The meeting between Shanghai Electric's Chairman Wu Lei and CNNC's Chairman Shen Yanfeng focused on strengthening their collaboration in energy technology [1] - Both parties expressed a strong desire to leverage this meeting as an opportunity to further deepen their partnership [1] Group 2: Areas of Collaboration - Future cooperation will focus on nuclear power equipment R&D, fusion industry collaboration, renewable energy development, engineering construction, and international market expansion [1] - The aim is to solidify the foundation for mutual benefits and promote high-quality development of central and local enterprises [1]

Group 1 - The core viewpoint of the news is that China Merchants Bank's Shanghai branch has successfully assisted Shanghai Electric Group in returning to the interbank bond market after five years, issuing a total of 1 billion yuan in bonds with a 3-year term and a coupon rate of 1.85% [1][2] - The funds raised from this bond issuance will be used to repay acquisition loans and enhance control over two important subsidiaries, marking a significant step in supporting state-owned enterprises and aligning with national policies [1][2] - This issuance represents the first batch of merger notes in the country and the first in Shanghai, showcasing the bank's commitment to serving the real economy and facilitating corporate mergers and acquisitions [1][2] Group 2 - The dual-label model of "merger notes" and "technology innovation bonds" is an innovative practice by China Merchants Bank, aimed at addressing the financing needs of enterprises in technology innovation and industrial mergers [2] - This product is designed to help companies optimize their financial structure, reduce financing costs, and focus on core businesses while enhancing support for subsidiaries in governance, technology, market, and branding [2] - The successful implementation of this innovative business model reflects the bank's responsibility in promoting industrial structure upgrades and providing efficient financial support for direct financing markets [2]

Core Viewpoint - Shanghai Electric Group and China Energy Construction Group held discussions to enhance strategic alignment and resource integration in energy transition and overseas market expansion [1] Group 1: Strategic Cooperation - Both companies reached a consensus on deepening cooperation in new areas such as new power systems, smart grids, new energy storage systems, and integrated wind-solar-hydrogen solutions [1] - The discussions included promoting national major special technology breakthroughs and strengthening supply chain cooperation [1] Group 2: International Market Development - The companies expressed intentions to leverage their strengths in equipment manufacturing and engineering contracting to collaboratively enhance their international market share [1] - They aim to create more national-level quality demonstration projects to contribute to the establishment of a clean, low-carbon, safe, and efficient new energy system in China [1]

Core Viewpoint - Shanghai Electric Group and China Power Construction Group are enhancing their collaboration in renewable energy development, equipment manufacturing, and international business expansion, aiming to innovate cooperation models and achieve significant projects together [1] Group 1: Collaboration Areas - Both companies agreed to strengthen practical cooperation in areas such as solar thermal energy development, equipment integration, smart grids, and international market expansion [1] - The focus will be on creating more landmark projects, demonstration projects, and leading results through their partnership [1] Group 2: Technological Innovation - Joint technology research and innovation will be a new highlight in their deepened cooperation [1] - The companies will explore collaborative technological breakthroughs in cutting-edge fields such as new power system construction, energy storage technology, and hydrogen energy [1] - This collaboration aims to provide more solutions for the green and low-carbon transition of energy and contribute to the establishment of a new energy system and the achievement of carbon neutrality goals [1]

Group 1 - Construction Bank successfully assisted Shanghai Electric Group in issuing technology innovation bonds and participated in the first batch of merger notes in Shanghai [1] - Shanghai Electric Group was included in the list of world-class demonstration enterprises and specialized, sophisticated, and innovative enterprises by the State-owned Assets Supervision and Administration Commission in February 2023 [1] - The first round of technology innovation bonds and merger notes is primarily aimed at replacing equity contributions to technology subsidiaries and repaying merger loans [1] Group 2 - The China Interbank Market Dealers Association issued a notice to optimize the mechanism for merger notes, expanding financing channels for corporate mergers and acquisitions [2] - Construction Bank's Shanghai branch has implemented a "commercial and investment banking integration" strategy since 2025, responding to the Shanghai government's action plan for supporting listed company mergers and acquisitions [2] - The bank established the first integrated circuit industry AIC merger fund in collaboration with Shanghai's state-owned asset platform to support the upgrade of high-end industries in Shanghai [2]