Power Construction Corporation Of China's Subsidiary Halts Construction on Yong'an Pumped Storage Lower Reservoir Project

Deep News12-04

On December 3, a staff member from Fujian Mintou Yong'an Pumped Storage Co., Ltd., the owner of the Yong'an Pumped Storage Power Station's lower reservoir project in Fujian, confirmed that the project has been suspended. However, no details were provided regarding the suspension timeline or comments on the reported construction issues raised by the contractor.

The lower reservoir project, valued at 7.5 billion yuan, is being constructed by a subsidiary of Power Construction Corporation Of China (PCCC), specifically Sinohydro Bureau 3 Co., Ltd. PCCC has previously stated that it has formed an investigation team in response to media reports about quality concerns during the construction process.

According to reports, relevant departments of China's National Energy Administration, along with other government agencies, have initiated a joint investigation and visited the site on November 28. Allegations of substandard construction practices at the dam have also surfaced.

For comprehensive insights and updates, follow financial news platforms.

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