Zhongtian Technology (600522.SH) has recently announced that its marine energy projects have secured contracts totaling 2.499 billion yuan. This information was shared through a company announcement detailing the receipt of multiple “Notice of Award” letters and the signing of project contracts.
The projects include:
- The Southern Power Grid Corporation’s Yangjiang Sanshan Island offshore wind power project, which involves the supply of ±500kV DC submarine cables and associated equipment.
- The China General Nuclear Power Group’s Yangjiang Fanshi No. 2 project, which encompasses the EPC general contracting for the 500kV submarine cable supply and laying project, specifically for the 500kV AC submarine cable.
- The Cangnan No. 1 offshore wind power Phase II expansion project by China Resources Power, which includes the supply and laying of 66kV AC submarine cables.
The cumulative contract value for these domestic projects amounts to approximately 1.919 billion yuan.
In addition, the company has also won contracts for international projects, including:
- A Middle East oil and gas project for low and high voltage AC submarine cables and accessories.
- A Vietnam high voltage submarine cable project involving 110kV AC submarine cables and accessories.
- A collaborative project in Brazil for the supply of high voltage submarine cables and accessories, specifically the 138kV AC submarine optical-electrical composite cables and their accessories.
The total contract value for these international projects is approximately 580 million yuan.
In conclusion, the total amount awarded for Zhongtian Technology’s marine energy projects recently stands at 2.499 billion yuan.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/zhongtian-technology-secures-24-99-billion-yuan-in-recent-offshore-energy-project-bids/
