05.14.2017

“Belt and Road”: Panda Green Energy Entering the Philippines to Build Sino-Philippines Green Ecological Cooperation Model


President Rodrigo Duterte of Philippines Meeting Alan Li, Chairman of the Panda Green Energy during the “Belt and Road” Forum for International Cooperation

 

(Beijing, 14th May 2017) The leading global eco-development solutions provider, Panda Green Energy Group Limited (00686.HK, “Panda Green Energy”, formerly known as United Photovoltaics Group Limited) was pleased to announce that at the “Belt and Road” Forum for International Cooperation, President Rodrigo Duterte of the Philippines met Alan Li, Chairman of the Panda Green Energy, while Panda Green Energy and Philippine President's Special Envoy signed a strategic cooperation agreement.

 

Panda Green Energy and the Philippine President's Special Envoy Signing the Strategic Cooperation Agreement

 

The cooperation is the key landing project that practices the Action Plan on Jointly Building “Belt and Road” formally signed by the United Nations and the Chinese government at the Forum. Under the agreement, both will conduct an all-round depth of cooperation in areas such as energy and infrastructure in the Philippines, and make the Panda Power Plant jointly built by the United Nations Development Program ("UNDP") and Panda Green Energy settle in the Philippines as soon as possible.

the “Belt and Road” Forum for International Cooperation held on 14th May in Beijing emphasized the new concept of green development, advocated green, low-carbon, circular and sustainable production and lifestyle, strengthened ecological and environmental protection cooperation, in order to build ecological civilization and realize sustainable development goals in 2030. “Belt and Road” initiative has received resonance from the world especially the countries along “Belt and Road”, not only because of its support of the "Wide Consultation, Joint Contribution, Mutual Sharing and Benefits" principle in line with international sustainable development trend, but also because the “Belt and Road” highly values the concept of green development in creating "Economic Humanities and Connectivity" era. 29 foreign leaders of states and governments and 3 principals of major international organizations including Secretary-General of the United Nations , as well as 1,500 guests from more than 130 countries attended the Forum.

As China's friendly neighborhood, the Philippines is an important partner of “Belt and Road” with abundant renewable energy resources along the “Belt and Road” routes. President Rodrigo Duterte of the Philippines has kept praising China for its “Belt and Road” initiative, which plays an important role in promoting international cooperation. The agreement between the Panda Green Energy and the Philippine enterprises will be the best “Belt and Road” green ecological cooperation model between China and the Philippines.

The Philippines has huge development potential in power infrastructure and renewable energy. Panda Green Energy has a wealth of experience and domestic and foreign resources in the field of clean energy, and also is known as the most important green ecological super platform in China's “Belt and Road” initiative. In the future, Panda Green Energy will provide the Philippines with a green ecological development solution that contains various clean energy including wind, solar, hydro etc., to promote the Philippines energy structure transformation and bring in the innovative development pattern for the local clean energy.

Leading “Belt and Road” construction with green concept will further expand China's international influence, and provide a strong support for international cooperation under the "Wide Consultancy and Mutual Benefits" principle. The United Nations attaches great importance to climate change, and firmly supports the green ecological “Belt and Road” construction with China. The Philippines’ joining will be the booster for green ecological “Belt and Road” construction, meanwhile, Panda Power Plant – a sustainable development carrier of the United Nations, will also land in more countries along the “Belt and Road” faster.

In the future, Panda Green Energy will continue to carry out more overseas exploration and cooperation, establish good strategic partnerships with countries along the routes. It will also conduct a strategic synergy by coordinating domestic and overseas enterprises, so as to speed up the progress of  "Going Out" for China's outstanding green productivity, and realize the United Nations development's goals of "Ensure access to affordable, reliable, sustainable and modern energy for all " soon.


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