DEC signs contract for hydropower plant project in Laos -- Dongfang Electric Corporation (DEC) signed a EPC contract for a 120mw hydropower plant project in Laos, according to bhi.com.cn. Located in Xiangkhouang province of Laos, 20 kilometers away from the border of Laos and Vietnam, the hydropower plant project involves three 40mw units with a total installed capacity of 120mw. The project is jointly initiated by Laos and Vietnam and most of generated power will be transmitted to Vietnam's national grid. After its completion, the project will greatly alleviate local power tension. The project is DEC's fifth EPC contract in Laos.
China's company consortium signs telecommunications tower project in Myanmar -- China Machinery Engineering Corp. (CMEC) recently announced that CMEC and Shanghai Electric Group Co., Ltd. had formed a consortium and signed a contract with Myanmar company Eco Friendly Tower Company Ltd., according to bhi.com.cn. The contract includes building 1,500 telecommunications towers for the first phase and other 1,500 telecommunications towers for the second phase. The project has a total contract amount of 384.8 million U.S. dollars (some 2.5 billion yuan). Under the contract, the project will be completed in about 36 months.
SEPCO wins bid for Lusaka urban network renovation project in Zambia -- Shandong Electric Power Construction Corp. (SEPCO) received a letter of acceptance from Zambia Electricity Supply Corp., Ltd. (ZESCO) on January 3. The project is part of Lusaka urban network renovation project planned by ZESCO. With 19 packages funded by different international financial institutions, the whole project is scheduled to be completed in five years with a total investment of 480 million U.S. dollars (about 3.1 billion yuan). The Chilanga transformer substation project won by SEPCO is package 3 with a contract amount of 13.93 million U.S. dollars and is funded by European Investment Bank (EIB).
China's longest underwater highway tunnel under construction -- Construction of a tunnel has started under Taihu Lake in east China's Jiangsu Province. It will be the longest and widest underwater highway tunnel in China. The Jiangsu provincial transport department said on Jan. 9 that a 43.6-meter wide highway tunnel on Changzhou-Wuxi Highway will run for 10.8 kilometers under the lake. Xia Wenjun, head of the project, said the tunnel is scheduled to open in 2021. Construction of the highway started in June 2017 and is expected to cost 15.91 billion yuan (about 2.4 billion U.S. dollars).
China, Laos inaugurate joint lab for renewable energy study -- China and Laos have inaugurated a joint lab for study of renewable energy in Lao capital Vientiane, according to the Chinese Embassy in Laos on Jan.10. The lab was jointly built by China's Yunnan Normal University and Lao Ministry of Science and Technology's Renewable Energy and New Material Research Institute with sponsorship of China's Ministry of Science and Technology in facility and talent training.
New railway tunnel linking Ukraine, EU to open in May: media -- The Beskyd railway tunnel connecting Ukraine and the European Union countries will be put into operation this year, Ukraine's government-run Ukrinform news agency said on Jan. 9. "The movement of trains through the double-track tunnel will start on May 25 this year," the agency said in a statement, citing its source in Ukraine's State Railway Company. The tunnel, which is being under construction in the Carpathian Mountains in west Ukraine, will establish a new transport link between Ukraine's western city of Lviv and the Hungarian and Slovak borders. Once completed, the 1,822-meter-long facility is set to replace the old single-track tunnel, thus enhancing Ukraine's transit capacity and cross-border trade.
China Vanke plans financing for investment in long-lease apartments -- China Vanke, the country's top property developer, said it plans to issue up to 35 billion yuan ($5.39 billion) of direct debt financing instruments to boost liquidity or finance projects such as long-lease apartments. In a statement filed to the Shenzhen Stock Exchange, the company said its board has agreed to submit to the general meeting of shareholders to approve the issuance of direct debt financing instruments. The proceeds raised from the issuance are expected to be used to meet the company's production and operation needs, to adjust its debt structure, and to replenish liquidity resources or investment projects such as long-lease apartments, said the statement.
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