In 2015, Fitch Ratings maintained CYPC's rating results of "A+/ stable outlook" ... ...More>>
CYPC has taken the opportunities and challenges brought by the "Going Global" strategy and actively participates in international hydropower business. The company combines and makes use of its advantages in business, management, technology, capital and brand of CTG, and gives full play to the coordinated synergetic benefits of the entire industry chain of CTG, including investment, construction, operation and consultation for overseas hydropower stations. CYPC carries out operation, management, consultation, investment and financing businesses of overseas hydropower station through China CYPC International (Hong Kong) Co., Ltd. and China Three Gorges Power Operation Int'l Co., Ltd., and extends towards a completely clean energy industry with hydropower as the core. During the "13th Five-Year Plan" period, CYPC will continue to operate and manage more than 20 overseas hydropower stations. Relying on technologies of multiple large hydropower stations (including the Three Gorges Hydropower Station) under CYPC in regulation, operation, overhaul, maintenance and technical transformation, experience, talents, and management system, and by virtue of such means as internet + and integration of internationalization and informatization. CYPC tries to build International Operation Company into a first class hydropower station operation company through international, standard and localized management, and establishes the operation standards of the Three Gorges in overseas countries.
Engaging in global hydropower operation to realize the output of core competencies in the operation of large-scale power stations.
In 2016,the Company formally launched its cooperation with Energias de Portugal (EDP) in global distribution and sale of electricity,regarding Brazil as a key area and actively exploring opportunities of M&As of assets in global distribution and sales of electricity.
In August,2016,the Company,in collaboration with CTG International,acquired 80% equity of Meerwind,a German offshore wind farm operator,from Blackstone Group.The Meerwind offshore wind farm project went into commercial operation in February 2015,with the total installed capacity of the project being 288 MW.
The company provides guidance on the operation of the hydropower stations in Brazil managed byCTG,including services such as production preparation,operation and maintenance,overhauling,technical transformation,consultancy,training,entristed management of spare parts,etc.
Engaging in the management and operation of hydropower station projects in Pakistan.
Provding consultancy to Murum Hydropower Station in Malaysia to improve its production management systems and enhance operation and management as well as the technical level of its staff.
In 2015, CTG Brazil Company participated in the bidding for the Jupia Hydropower Station and Ilha Solteria Hydropower Station Concession Project and successfully won the bid. This allowed the company to realize a new upgrade for "Going Global" of China hydropower and accelerating the process of CTG to realize cross-border operation and become a leader in global hydropower development. The two hydropower stations are about 60km away from each other, with the installed capacity of 1,550 MW and 3,440 MW respectively. CYPC closely followed the pace of CTG and timely prepared for the operation of overseas hydropower stations. CYPC also focuses on cultivating technical and management personnel who have broad professional knowledge, strong communication ability and can meet the requirements for internationalized development to enhance its influence in the international power industry. This will allow them to lay a solid foundation for realizing the goal to build an international first class clean energy company.
Malaysia Murum Hydropower Station is located in East Sarawak State of Malaysia, and the dam is located on the Murum River, which is the source of Rajang river basin. 4*236MW hydro-turbine generator sets are installed for the hydropower station, with total installed capacity of 944MW. It is the second largest hydropower station of Malaysia.
Providing consulting service for Malaysia Murum Hydropower Station is the first overseas project of CYPC. To smoothly realize the output and dissemination of the core ability of operation and management of large hydropower station, CYPC attached great importance to the project and made sophisticated organization, and prepared technical specifications, management documents and standard work order in accordance with the international general technical standards. It completed 20 operation specifications, 33 overhaul and maintenance specifications, 31 guidebooks for maintenance, 100 standard operation orders and 13 management documents. Meanwhile, it established an engineering team to provide consulting and guiding services at the site to ensure the successful production of the 4 units at Murum Hydropower Station. After the arrival of the second consulting team, the station maintained a record of "zero unplanned shutdown" and provided reliable clean energy for the development of the local economy. With the recovery of the economy of Malaysia, power consumption load of Sarawak gradually grew, and the stable power supply of Murum Hydropower Station provided important energy support for the development of local economy and system stability.
Through the consulting service, a complete production management system was established for Murum Hydropower Station and enhanced the personnel at the operation management and the technical level. CYPC also realized the first output of core ability for operation of large power station in overseas countries, and made the overseas operation and management business of the company well-known.
Owner's remark: "We'd like to express our thanks to our friends from China! They have made outstanding contributions for the safe operation of the hydropower station in the past year, from connection of the machines to power generation. Thanks very much!
Under the lead of CYPC and active promotion of International Operation Company, International Operation Company is expected to formally take over the operation and maintenance of Nam Lik 1-2 Power and Nam Ngiep 2 Hydropower Station of Laos on January 1, 2017.
Nam Lik 1-2 Hydropower Station is located in the middle of the Lao People's Democratic Republic, northwest of Vientiane City, the capital of Laos, 145km away from the road of Vientiane City. The main task of the hydropower station is power generation, with such functions as flood control, irrigation, aquaculture and tourism development. It's installed capacity is 100 MW, with 2 units and with annual generating output of 0.435 TWh. The project is an overseas investment project developed in the form of BOOT (Build-Own-Operate-Transfer), with a construction period of 4 years and operation period of 25 years.
Laos Nam Ngiep 2 Hydropower Station is located in the southeast of Plain of Jars, Xieng Khouang, Laos, about 70km away from Phonsavan, the provincial capital city of Xieng Khouang. The main function of the hydropower station is power generation, with such functions as flood control, irrigation and tourism development. It's total installed capacity is 180 MW, with 3 units, and with annual generating output of 0.721 TWh and total investment of USD 345,000,000. Construction of the project was started in October, 2011, and the project is the second BOOT hydropower station project constructed by CTG in Laos. The construction period is 4 years with an operation period of 25 years.
CYPC actively seeks for overseas investment opportunities. It opens overseas investment and financial channel and accumulates experience in overseas investment management and company governance by joint investment in the Meerwind Offshore Wind Power Project in Germany. This will help promote CYPC development to a new level. In August 2016, together with CTG Europe, CYPC International acquired 100% of the equity of BCP Lux, a wholly owned subsidiary of BCP Meerwind Cayman Limited, which is affiliated to the Blackstone Group. After the investment, CYPC International holds 30% of the shares of BCP Lux.
The Meerwind Project is one of the largest offshore wind power projects put into operation, and it is the first offshore wind power project of Germany completely certified by DET NORSKE VERITAS. It is also the first offshore wind power project in the world which receives investment credit rating. The total installed capacity of Meerwind Project is 288 MW, with the annual power generation of about 1.3 TWh. The project can bring stable cash flow to CYPC during its operation period. Meerwind Project is the first overseas investment project of CYPC. It contributes to CYPC's expanding to international investment business, and enhancing overseas energy investment and management ability. It also provides an opportunity for CYPC to obtain more equity investment opportunities in overseas quality energy power projects.
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