www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Chinese dam builders powering the Amazon nation

(China Daily) Updated: 2016-05-09 08:11

Chinese dam builders powering the Amazon nation

An overseas couple pose for a picture during their visit to the Three Gorges Dam in Yichang, Hubei province.REN WEIHONG/CHINA DAILY

Investment interest of Chinese hydroelectricity company CTG cheers Brazilian industries

Despite fears that Brazil may no longer be attractive as an investment destination given the looming recession, Chinese companies that specialize in hydropower dams remain unfazed.

They see Brazil as much more than just a country of football, coffee, carnivals and Olympics. They see in the South American country humongous water resources like the mighty Amazon.

A consortium, led by China Three Gorges Corp, the world's largest hydropower producer, is working on a greenfield investment opportunity to build and operate Tapajos dam, an 8,000-megawatt power station in Brazil.

"I think we will be a strong contender when the bidding opens, since we have been building our presence there for many years," said Wang Shaofeng, executive vice-president of China Three Gorges International Corp, a Beijing-based subsidiary of CTG.

"Our involvement in the Brazilian projects comprises share participation in the beginning and direct control of operational assets in recent years, but we can do more and better, based on our experience," he said, referring to its construction of two hydropower projects in the region and the operation of four hydropower projects.

Last year, CTG, the builder and operator of the world's largest dam, won a concession auction to operate two Brazilian hydroelectric power plants, Ilha Solteira and Jupia, at a cost of $3.7 billion.

The deal, which closed in January, is CTG's biggest overseas so far. It also made CTG Brazil's second-largest private sector energy producer.

Lu Chun, president of the Beijing-based company, attributed the successful deal to timing and CTG's long-term efforts and cooperation.

"China is the world's largest hydropower operator with rich experience in terms of design, construction, technology and funding, so we have a competitive edge over our rivals at a time when Brazil is in need of foreign investment," he said.

In November, Brazil auctioned 29 hydroelectric power plants whose concession contracts were about to expire. The two hydropower plants for which CTG bagged 30-year concessions, are considered the best of the lot, with a capacity of 5 million kilowatts.

Chinese dam builders powering the Amazon nation

The Ilha Solteira hydroelectric plant on the Parana River near Ilha Solteira in Sao Paulo, which CTG won in a recent bidding to operate the Brazilian hydroelectric power plant.REN WEIHONG/CHINA DAILY

The concession period started in January. From next year, 70 percent of the electricity to be generated will be sold to the regulated market and the rest to the free market. The price will be adjusted annually to factor in inflation.

The concession, however, is not CTG's first foray into Brazil. In 2014, its Brazil subsidiary CTG Brasil bought a 50 percent stake in hydropower project company Jari, a 50 percent stake in another hydropower project company Cachoeira Caldeirao, and a 33.3 percent stake in local power company Empresa Energia Sao Manoel from Portuguese power company Energias de Portugal or EDP.

In 2015, CTG Brasil concluded two more merger and acquisition deals for a 49 percent stake in EDP's Brazilian wind assets and a 100 percent stake in two hydropower projects from TPI, a local player in Brazil.

The ongoing economic slump has caused Brazil to consider putting some of its quality assets on the block, in order to overcome stagflation and open up more investment opportunities in the power industry.

Chinese companies believe their investments in Brazil could help restructure and boost the local economy.

CTG has plans to build hydropower and wind projects in Brazil with total installed capacity of 3 million kW.

Lu said the company will use Brazil as a springboard to expand into neighboring countries such as Peru and Ecuador, which fall in the footprint of the "Belt and Road Initiative".

He was referring to President Xi Jinping's proposal to build the Silk Road Economic Belt on the Eurasian continents and the 21st Century Maritime Silk Road.

"We wish to use local teams, operate locally and earn returns on local investment," he said. Lu said China's "Belt and Road Initiative" offers more opportunities to not only hydropower companies but equipment manufacturers.

CTG's overseas projects have a total installed capacity of more than 11 gW. The company plans to raise that figure to 25 gW over the next several years.

The overseas target almost equals the full capacity of the Three Gorges Dam hydroelectric project on the Yangtze in Hubei province.

Hu Siyi, former vice-minister of water resources, said China, the world's largest hydroelectricity producer, has built and operated half of the world's hydropower stations. Thus, China is able to help other countries to meet their growing demand for energy.

"Water resources as a fuel are not reduced or used up in the process. I think it (hydropower) should play a bigger role in the world's energy mix to meet the most pressing environmental need of our time-reducing carbon emissions," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成人精品999在线 | 欧美黄网站免费观看 | 国产美女高清一级a毛片 | 成人午夜毛片 | 日韩一级片免费 | 日韩字幕一中文在线综合 | 亚洲人的天堂男人爽爽爽 | 久久精品免费i 国产 | 欧美成人www在线观看网页 | 一级aaa级毛片午夜在线播放 | 日本黄色官网 | 国产一久久香蕉国产线看观看 | 99久久免费精品国产免费 | 最新国产美女一区二区三区 | 日韩国产成人精品视频 | 99精品视频在线免费观看 | 久久精品国产精品亚洲20 | 免费观看欧美一区二区三区 | 看性过程三级视频在线观看 | 一本三道a无线码一区v | 我们2018在线完整免费观看 | 黄网在线观看免费网站台湾swag | 欧美一级成人毛片影院 | 午夜91理论片 | 嫩草影院在线观看网站成人 | 美女黄网站人色视频免费国产 | 久久亚洲国产精品一区二区 | 亚洲综合视频 | 特级毛片8级毛片免费观看 特级毛片免费观看视频 | 亚洲国产欧美一区二区欧美 | 国产精品久久久久久一区二区三区 | 在线a网站| 久久精品道一区二区三区 | 亚洲欧美专区精品久久 | 自偷自偷自亚洲永久 | 亚洲国产成人久久午夜 | 欧美一级欧美一级在线播放 | 欧美性猛片xxxxⅹ免费 | 最新国产美女肝交视频播放 | 极品色在线精品视频 | 久久成人免费观看全部免费 |