MILAN, Sept. 10 (Class Editori) – In Beijing, Salini Impregilo is considered a textbook case of Sino-Italian trading in third markets. The Gibe III hydroelectric project in collaboration with China Dongfang Electric, on the Omo river in Ethiopia was included by the National Development and Reform Commission within the guidelines to foster collaboration between companies for the cooperation among Chinese and foreign companies in third countries. This principle is one of the new guidelines of the Belt and Road Initiative, such as the MoU between Rome and Beijing, signed last March.
The Gibe III project consists of designing and building the currently highest RCC dam in the world and an outdoor power plant with 10 Francis turbines with a total installed power of 1,870 MW and an expected production of 6,500 GWH/year.
The work, as stated in the presentation sheet, represents the natural completion of the largest integrated complex on the Gilgel Gibe river with the previous and distinct hydroelectric plants of Gibe I (completed and in operation since 2004) and Gibe II (in operation since 2010). Salini will take care of the civil engineering works, while Dongfang Electric will supply the electricity generation units and related services.
The plant will increase national energy production by about 85%, responding to the growing demand for internal energy and allowing the creation of integrated distribution networks with neighboring countries.
"With an international cooperation approach, third markets will allow China and other countries to benefit from the advantages of developing and promoting industry, improving infrastructure and people's lives", explained Wu Hongliang, deputy director general of the Foreign Investment Department of the National Development and Reform Commission, cited by the local press.
"Beijing intends to continue this approach in infrastructure and energy, extending it in the future to the so-called 4.0 manufacturing, digital economy and 5G telecommunications networks," the senior official added.
In addition to the Italian experience, the report mentions examples of collaboration with French, Australian, Japanese, Singaporean and British platforms.
(Source:Class Editori)
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