05.12.2017

Panda Green Energy to Explore "Belt and Road" Project Joining Hands with CRCC to Boost Advanced Green Productivity and Enhance China's Green Determination


Alan Li, Chief Executive Officer of Panda Green Energy entered into investment cooperation agreement with Wei Wang, General Manager of China Railway Construction Investment Group

 

On May 12, 2017, Alan Li, Chief Executive Officer of Panda Green Energy Group Limited(“Panda Green Energy”, stock code: 00686.HK, formerly known as United Photovoltaics Group Limited), and his team visited the Beijing Headquarter of China Railway Construction Corporation Limited (CRCC), and entered into investment cooperation agreement with China Railway Construction Investment Group after an in-depth discussion on the “Belt and Road” strategy with Wei Wang, General Manager of China Railway Construction Investment Group. The first clean energy project will be launched in Sri Lanka, with total installed capacity of 29.4MW. In the future, Panda Green Energy will work closely with CRCC and build Panda Power Plants along “Belt and Road” routes. CRCC is another Chinese large state-owned enterprise allying with Panda Green Energy strategic plan on green “Belt and Road” following China Huarong.

 

On behalf of Panda Green Energy, Wei Jiang, Chief Operating Officer and Chairman of Project Acquisition and Development Committee, entered into Sri Lanka project agreement with Kang Tang, Deputy General Manager of China Railway Construction Investment Group

 

The Chinese government has always attached great importance to the eco-civilization construction and environmental protection along the “Belt and Road” routes, and stated that green ecological “Belt and Road” construction fully demonstrates China's green belief as well as China's green commitment to the whole world. In order to enhance the ecological guarantee during “Belt and Road” construction, the cooperation between enterprises needs to strengthen the green “Belt and Road” development strategic connection, and enhance the eco-civilization and green development concept. Panda Green Energy has advantages in project development, operation and maintenance capabilities, domestic and foreign financing capacity. On the other hand, CRCC is the large-scale comprehensive construction group in China and the world, with world-class performance level in the realm of infrastructure projects at home and abroad. Utilizing respective experience and technical advantages in different areas during the cooperation and joining hands together to “go out”, the alliance will equip Panda Green Energy and CRCC with greater competitiveness in the prior development areas of “Belt and Road” construction, meanwhile, propel forming a larger team in China's green manufacturing "go out” and demonstrate China's green development concept.

 

In The future, Panda Green Energy together with CRCC, will take their respective advantages in renewable energy, infrastructure construction and financing capability etc., and explore all-round green cooperation along "Belt and Road" routes. Through overseas business alliance, China’s excellent green productivity will speed up to go global, and China’s economy will drive global economy into a brand-new era. 

 

China Railway Construction Corporation Limited

China Railway Construction Corporation Limited is one of the world's largest comprehensive construction group companies, which is under the administration of the State-owned Assets Supervision and Administration Commission (SASAC). It ranked the 79th among the 2016 Fortune Global 500, as well as top 3 among 225 Global Contractors. China Railway Construction owns a complete industrial chain, including engineering contract, industrial manufacture, real estate development, capital operation, material logistics, mineral resources development, finance and insurance, etc.


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