Workflow
中国电建,中标百亿项目

Core Viewpoint - China Electric Power Construction (China Electric Power) announced that its subsidiary, China Electric Power Construction Group Central South Survey and Design Institute Co., Ltd. (Central South Institute), won a bid for an offshore wind power project with a contract value of approximately 10.77 billion RMB [1][2]. Project Details - The project is the first phase of a 1 million kW offshore wind power EPC general contracting project in Donggang, Liaoning Province [2]. - The contract amount for this project is approximately 10.77 billion RMB [1][2]. Company Background - Central South Institute was established in 1949 and is headquartered in Changsha, Hunan Province. It is a wholly-owned subsidiary of China Electric Power, with business areas including energy power, water resources and environment, urban and rural construction, and international business [4]. Recent Achievements - China Electric Power has secured several large contracts this year, including: - A joint bid for a 1 million kW/6 million kWh energy storage project in Inner Mongolia, with a total contract amount of approximately 6.282 billion RMB [5]. - A contract for the second phase of the national reserve forest construction project in Fujian Province, valued at approximately 4.4 billion RMB [5]. - A contract for the design and construction of the Yalong River Mengdigou Hydropower Station dam project, amounting to approximately 5.771 billion RMB [5]. - An EPC contract for a 1.1 GW wind power project in Suez, Egypt, valued at approximately 5.97 billion RMB [6]. Financial Performance - As of June 12, the stock price of China Electric Power was reported at 4.86 RMB per share, with a total market capitalization of 83.7 billion RMB [7]. - In the first quarter of this year, the company reported total revenue of 14.27 billion RMB, a year-on-year increase of 1.61%, while total costs were 13.80 billion RMB [7].