Power Construction of China (SHA:601669) signed an engineering, procurement and construction contract for a 1.1-gigawatt wind power project in Egypt.
The about 5.97 billion-yuan contract was signed with Suez Wind Energy, according to a Wednesday filing with the Shanghai bourse.
The project includes the design, procurement, construction, installation and commissioning of a wind farm and three substations, with the construction period estimated at 30 months.
Shares of the state-owned engineering construction company rose 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments