Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, September 19 2019 - 10:55
AsiaNet
Shanghai Electric Accelerates Overseas Layout, Seeks Overseas Partners
ABU DHABI, United Arab Emirates, Sept. 19, 2019 /PRNewswire-AsiaNet/ --

Shanghai Electric Group (the "Group"), a leading energy equipment maker and 
solutions provider, showcased its various solutions and equipment at the 24th 
World Energy Congress (WEC) that took place in Abu Dhabi through Sept. 9-12. 
The Group has long operated overseas and has established projects, especially 
with partners in the Middle East in various fields including solar power, gas 
power, desalination and energy management.

In a bid to provide cleaner and smarter solutions, Shanghai Electric has 
developed more advanced products and has brought to the WEC more comprehensive 
and inter-connected solutions with services of a full life cycle, to better 
serve its clients globally. From rolling out individual products to offering 
more comprehensive and integrated solutions, the Group has been actively 
seeking a positive transformation in its strategic planning and its position in 
the industry based on the trend of market development and industry demand.

On the business side, Shanghai Electric has shed light on overseas markets. In 
2018, the Group even saw the number of new construction orders in foreign 
markets surpassing those in the domestic market, underlining the Group's 
efforts to bring its solutions abroad in line with China's Belt and Road 
Initiative. The Group in 2018 has undertaken several landmark overseas 
projects, including the solar power station construction project in Dubai, the 
coal-fired power project in Egypt, the combined-cycle power project in Panama, 
and the desalination project in Brunei, among others.

The power plant under construction by Shanghai Electric in Sheikh Mohammed bin 
Rashid al-Maktoum Solar Park, Dubai, currently the largest solar power plant in 
the world, can provide clean electricity for over 320,000 households every year 
in Dubai, cutting down carbon emissions by 1.6 million tons.

This year, Shanghai Electric has offered solar power solutions in more 
countries. It constructed a solar power station in Hokkaido, Japan, and started 
generating power in February. The Group has also had multiple ongoing energy 
projects in the UK and Australia.

"We highly value our overseas business, and our goal is to increase the 
proportion of our overseas assets and double the revenue in the next three to 
five years," said Zheng Jianhua, Chairman of Shanghai Electric. 

About Shanghai Electric

Shanghai Electric is a large integrated equipment manufacturing enterprise 
specialized in energy equipment, industrial equipment and integration services. 
It is committed to providing customers with solutions to technology integration 
and systems incorporating green, eco-friendliness, intelligence and Internet.

Source: Shanghai Electric
Translations

Japanese

Vietnamese