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Lyu Zexiang Meets with Board Chair of ACWA
Date:2019-02-22 VisitCount: Font size:[ L M S ]
On February 21, Lyu Zexiang, Chairman of CGGC International and Secretary of the Party Committee, met with H.E. Mohammad A. Abunayyan, Board Chair of ACWA in Beijing. Both parties had an in-depth communication and reached consensus on strengthening the communication and deepening the cooperation.    


 
Scene of the Meeting   

At the meeting, Lyu Zexiang briefed on the overall situations, business layout and development strategies of CGGC's international businesses.    He noted that, as one of the two platforms of Energy China to practice the "going global" strategy, CGGC International has proactively practiced the Belt and Road Initiative and International Capacity Cooperation in recent years, and has established partnership with multiple transnational enterprises such as ACWA by means of resource sharing, strategy cooperation, joint investment, and the like. As a result, CGGC has now achieved international engineering contracting and overseas investment.    In 2018,CGGC International ranked the fourth among Chinese enterprises practicing the "going global" strategy in terms of contract amount.   CGGC International will further enhance the cooperation with ACWA in such fields as power, new energy and water affairs for common development guided by the strategic cooperation agreement executed by the parties.   

Mohammad A. Abunayyan recognized the achievements made by CGGC International in international engineering contracting and investment, and highly praised its operation philosophy of "win-win cooperation".     He hoped that the parties could keep deepening the pragmatic cooperation in such fields as thermal power generation, photovoltaic power generation and seawater desalination for powerful combination and win-win cooperation.

Among other attendees were Paddy Padmanathan, President and CEO of ACWA Power, Rajit Nanda, Chief Investment Officer of ACWA Power, Chen Xiangdong, Deputy General Manager of CGGC International and General Manager Assistant Li Jianfeng.     

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