Xin­jiang elec­tric sup­plier fol­lows Belt and Road

China Daily (USA) - - BUSINESS - By MAO WEIHUA in Urumqi and WUYONG in Shenyang Con­tact the writ­ers at wuyong@chi­nadaily. com.cn and maowei­hua@ chi­nadaily.com.cn

Te­bian Elec­tric Ap­pa­ra­tus Stock Co Ltd, China’s lead­ing en­ergy equip­ment pro­ducer, an­nounced that con­struc­tion of the iconic An­gola back­bone grid is to wind up in less than 10 months, help­ing the firm tap the pros­per­ous in­ter­na­tional mar­ket in Cen­tral Asia and Africa.

The $1.18 bil­lion project, which was launched in 2013, is one of the big­gest projects Chi­nese com­pa­nies ever en­gaged in Africa, link­ing An­gola’s elec­tri­cal fa­cil­i­ties to­gether and eas­ing its power short­age, ac­cord­ing to TBEA.

TBEA, based in the Xin­jiang Uygur au­ton­o­mous re­gion, is a global man­u­fac­turer of high-per­for­mance trans­form­ers which started busi­ness 28 years ago. Thanks to the Belt and Road Ini­tia­tive, it is seek­ing a greater share of the power in­fras­truc­ture busi­ness in Cen­tral Asia and Africa. The com­pany won the con­tract for the $500 mil­lion state grid con­struc­tion project in Ta­jik­istan and a $580 mil­lion north-south grid con­struc­tion project in Kyr­gyzs­tan. The lat­ter is the largest en­ergy deal so far be­tween China and Kyr­gyzs­tan.

“We have a great ge­o­graphic ad­van­tage be­cause Xin­jiang is at the core area of the Belt and Road Ini­tia­tive. The neigh­bor­ing coun­tries share a sim­i­lar cul­ture with us and all of them are in great need of high-level elec­tri­cal fa­cil­i­ties,” said Zhang Xin, chair­man of TBEA. “We are hon­ored to share our world-level technology and knowhow with them, ben­e­fit­ing both sides.”

A source from the com­pany said that it has pro­vided equip­ment and ser­vice for more than 60 coun­tries, in­clud­ing Pak­istan, Rus­sia and In­dia.

In 2014, TBEA even helped set up an ul­tra-high volt­age trans­former re­search base and in­dus­trial park in Vado­dara, In­dia, at which 95 per­cent em­ploy­ees are lo­cals. Fang Wenyu con­trib­uted to this story.

WENKUI / FOR CHINA DAILY ZHANG

Work­ers from TBEA Shenyang Trans­former Group Co as­sem­ble equip­ment in a plant in Shenyang, Liaon­ing prov­ince.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.