1. LINE

      Text:AAAPrint
      Economy

      China state nuke power giant unveils ambitions in Malaysia, Belt and Road countries

      1
      2016-04-14 13:04Xinhua Editor: Gu Liping

      China General Nuclear Power Corporation (CGN) has outlined its future plans which eyes on bringing benefits to the locals, after it secured clean energy assets in several Belt and Road countries including Malaysia.

      The state-owned energy giant of China announced the setting-up of its Southeast Asian headquarters in Malaysia on Tuesday for further expansion and development in the region.

      "In Malaysia, we will push for the implementation of the gas power projects in Malacca and the solar power project in East Malaysia," said CGN's president Zhang Shanming in a recent interview.

      The latest announcement came after CGN completed its deal with Edra, which accounts for approximately 14 percent of the total generation capacity of Malaysia.

      According to the share sale and purchase agreement pursuant inked in November after three rounds of international bidding, CGN acquired the underlying assets of Edra, including 13 clean energy projects scattered in Malaysia, Egypt, Pakistan, United Arab Emirates (UAE) and Bangladesh.

      The deal was significant for CGN, said Zhang, as Edra's assets are in accordance with CGN's focus on clean energy and that the projects are in Belt and Road countries.

      "The assets of Edra are of high quality and the projects are well operated," he said.

      Cooperation in energy as an important aspect of the Belt and Road initiative, which brings new opportunities to CGN, he said.

      The deal saw CGN becoming the biggest foreign direct investor in Malaysia, and the largest independent power producer in Egypt and Bangladesh, respectively. The deal also brings the company's overseas installed capacity to 8.85 gigawatts.

      CGN will expand into Southeast Asia and other Belt and Road countries with the supports of its regional hub and on Edra's projects, Zhang said.

      On the other hand, as CGN is now the second largest independent power producer in Malaysia, providing stable power supply will be a top priority for the company, so is bringing more opportunities to the locals, he added.

      "CGN will uphold its principle of Internationalization of Talent, Localization of Work Force so as to create more employment opportunities for people in Malaysia and other countries in which we operate, as well as boosting the relevant country's economic growth," Zhang said during CGN's debut in Malaysia on Tuesday.

      After touring one of Edra's power plants in Malaysia, Zhang told Xinhua that he was impressed by its management team, which could boost CGN's overseas business and expansion.

      For its part, CGN has its own advantage including in safety management, corporate governance and training system. "We will try to integrate in both culture and management to further improve our corporate governance," he said.

      Johari Abdul Ghani, Malaysia's deputy finance minister, said earlier this week that his country would definitely benefit from the experience and expertise of CGN.

      As one of China's state nuclear power giants, CGN has made significant investment in clean energy.

      Before completing the acquisition of Edra, CGN has developed projects using solar, wind, biomass and natural gas as fuel all over the world, including in the United States, Australia, Singapore, South Korea, Britain, France and several other countries, the company said.

      Over 8 million kilowatts of wind power capacity were installed, while the solar energy installed capacity has reached over 1.2 gigawatts.

      With respect to nuclear power, the total installed capacity of operating projects and those under construction amounted to over 32.4 gigawatts.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲AV人无码激艳猛片| 久久午夜免费鲁丝片| 日韩在线免费播放| 亚洲欧洲另类春色校园网站| 免费毛片a线观看| 久久亚洲精品中文字幕无码| 美女被cao网站免费看在线看| 亚洲精品美女久久777777| aa级女人大片喷水视频免费| 亚洲一区二区女搞男| 国产午夜成人免费看片无遮挡| 亚洲中久无码永久在线观看同| 成人免费一区二区三区| 亚洲第一AV网站| 国产成人免费高清激情明星| 亚洲一区无码中文字幕乱码| 在线不卡免费视频| 免费观看又污又黄在线观看| 亚洲综合色成在线播放| 午夜影院免费观看| 中文字幕亚洲综合小综合在线| 蜜臀91精品国产免费观看| 精品女同一区二区三区免费播放 | 亚洲av无码乱码在线观看野外 | 国产美女精品视频免费观看| 亚洲av日韩综合一区二区三区| 免费永久在线观看黄网站| 国产免费久久久久久无码| 亚洲AV无码不卡在线播放| 97免费人妻无码视频| 美女露隐私全部免费直播| 国产亚洲?V无码?V男人的天堂| 99热这里只有精品免费播放| 亚洲久悠悠色悠在线播放| 亚洲欧洲精品成人久久奇米网| 国产午夜精品免费一区二区三区 | 国产精品免费电影| 国产一级片免费看| 中文字幕无码亚洲欧洲日韩| 亚洲精品成a人在线观看| 57pao国产成视频免费播放|