China Energy Engineering Group Co. Ltd.
They are one of the largest comprehensive solutions providers for the power industry in China and globally. Their strong capabilities across the full industry chain, especially in survey and design, enable us to provide customers with one-stop integrated solutions and full life-cycle project management services. They undertook the construction of the Three Gorges Project (which has the largest hydropower station in the world in terms of installed capacity), the AC and DC transmission lines with the highest voltage level and the largest number of 1000MW USC generation units. According to the Sullivan Report, from 2012 to 2014, we engaged in the design and/or construction of power plants with a total on-grid installed capacity of more than 160GW, ranking first in the world; in terms of revenue, we would have ranked 21st among “The Top 150 Global Design Firms” in 2015 for our design business and 15th among “The Top 250 Global Contractors” in 2014 for our contracting businesses respectively by ENR. We ranked 391st among “The Fortune Global 500” in 2015.
Their business segments consist of survey, design and consultancy, construction and contracting, equipment manufacturing, civil explosives and cement production, investment and other businesses. As the leader in the power engineering and construction industry of China, they provide service across all provinces, municipalities and autonomous regions in China.In 2012, 2013 and 2014 and the five months ended May 31, 2015, our revenue from China amounted to RMB123,232.8 million, RMB136,477.4 million, RMB161,140.8 million and RMB59,208.3 million, accounting for 88.5%, 88.8%, 87.7% and 87.8% of our total revenue, respectively.
In recent years, their international business has experienced rapid development and completed milestone projects, such as China’s first overseas nuclear power project, Chashma Nuclear Power Plant (1×300MW) Project Phase I in Pakistan, and EREN SC Coal-fired Power Plant (2×600MW) Project in Turkey which used China’s first exported complete equipment SC coal-fired power generation units. In addition, the Santa Cruz River Hydropower Station under construction by us is the largest project in Argentina and the largest overseas hydropower project undertaken by a PRC company so far in terms of contract value. Their revenue from overseas businesses continued to grow rapidly with a CAGR of 19.3% between 2012 and 2014. According to the Sullivan Report, we had the largest market share, or 35.6%, of the overseas power contracting projects undertaken by the PRC companies in 2014 in terms of new contract value. Based on their strong track record, we have successfully established “Energy China” as a well-known contractor brand name in the international power and infrastructure industries.See more