Approved by the State Council, Power Construction Corporation of China (POWERCHINA) is a wholly State-owned company founded on Sept 29, 2011 on the basis of 14 provincial, municipal, and district electric power survey and design, engineering, and equipment manufacturing enterprises formerly affiliated to Sinohydro Group Ltd, HydroChina Corporation, State Grid Corporation of China, and China Southern Power Grid Co Ltd.
POWERCHINA is a large comprehensive construction group that offers solutions to the entire chain of the global energy and power, water resource and environment, infrastructure, and real estate industries. Its main businesses cover energy and power, water conservancy, railways and subways, roads, airports, buildings, water environmental governance, city infrastructure, large civic engineering and construction, as well as investment, planning, and design, project contracting, equipment manufacturing, and operation of projects. It highlights a core competence in hydro power projects and industry chain integration. Authorized by relevant national ministries and commissions, POWERCHINA also works in the national planning and review of hydropower, wind power, solar power, and other clean energy and new energy sources.
In 2018, POWERCHINA achieved the business revenue of 404.9 billion yuan ($59.93 billion), with profits reaching 13.8 billion yuan. By the end of 2018, the assets totaled 852.9 billion yuan. It ranked 182nd among Fortune Global 500 in the year 2018 and 41st among Top 500 Enterprises of China; placing sixth on the list of the world's 250 largest global contractors and placing second among top 150 engineering design companies worldwide according to ENR. For six consecutive years, it has been evaluated as a Grade A enterprise by the State-owned Assets Supervision and Administration Commission of the State Council.
POWERCHINA now has eight national research and development (R&D) institutions, 82 provincial R&D institutions, eight academicians' workstations, and six postdoctoral workstations. Eighty-six of its member companies and subsidiaries have been identified as high-tech enterprises. In addition, POWERCHINA has won 110 national science and technology awards, 2,293 provincial and ministerial-level scientific and technological progress awards, and owns 12,136 patents (including 1,890 invention patents).
As of 2018, POWERCHINA has won 88 items of the China Construction Engineering Luban Prize, 49 National Quality Engineering Golden Awards, 167 National Quality Engineering Awards, 25 Tien-yow Jeme Civil Engineering Prizes, 33 China Quality Water Engineering Awards, and 150 National Quality Engineering and Consulting Awards.
POWERCHINA has long been engaged in the core business areas of water and electricity and has established itself as a leading enterprise in the hydropower industry both in China and abroad. It is a global leader in hydro, wind and photovoltaic power generation. It is particularly strong in the design, planning, construction and operation of power facilities due to its expertise and human resources which enable the company to provide integrated solutions for energy, electricity, and infrastructure planning and construction for different countries and regions.
The company has undertaken more than 80 percent of the planning, surveying and design of large and medium-sized hydropower projects in China. It is also a major player in the drafting and revision of technical standards and regulations for China's hydropower and wind power construction. At present, the company holds over 65 percent of the country's hydropower construction market and more than 50 percent of the world's large and medium-sized water conservancy and hydropower construction markets. The company has built over 200 large and medium-sized hydropower stations and has a total installed hydropower capacity of more than 200 million kilowatts.
POWERCHINA is top-of-the-line in terms of engineering, survey, design, and construction of water conservancy and hydropower projects, power engineering construction, urban public engineering construction and highway engineering construction. It also owns import and export trade rights and is proficient in various business models and operational strategies, such as EPC, FEPC, BOT, BT, BOT+BT, PPP, etc. It has the ability to manage large, complex projects and to provide integrated, one-stop service in the fields of water conservancy, hydropower, thermal power, wind power, transportation, civil engineering and so on.
Following the country's "Belt and Road Initiative", POWERCHINA has actively participated in some key overseas projects, such as the Pakistan Qasim coal-fired power plant, China-Laos Railway Project and Jakarta-Bandung High-speed Railway Project. By the end of 2017, POWERCHINA had set up 322 overseas agencies in 109 countries and signed 2,586 contracts for survey and design consulting, project contracting, equipment and trade supply in 120 countries. It has a diverse overseas client-base which includes countries in Asia, Africa, Latin America, Eastern Europe, North America and Oceania, where it engages in activities such as highway and rail transit construction, urban construction, housing construction, and water treatment.
With strong international competitiveness and influence, POWERCHINA has many famed overseas brands. Many of the key projects undertaken by POWERCHINA are landmark projects in their respective host countries and have won prestigious international awards. Some outstanding projects include Coca Codo Sinclair Hydropower Station, Merowe Hydroelectric Power Station in Sudan on Nile River, Laos Nam Ou River Cascade hydropower project, Adama wind farm Phase I & II Project in Ethiopia, Angola Benguela Stadium, Morocco Yeo Highway and Malaysia Bakun Hydropower Station.
POWERCHINA outperforms many other companies in the world in terms of engineering construction capacity, dam engineering technology, electromechanical installation at hydropower stations, high-grade railway construction, urban rail transit construction, foundation treatment, and construction of large underground caverns. It boasts technical strength in the design, consulting and construction of large and medium-sized water conservancy and hydropower projects, transportation and urban infrastructure.
Water conservancy and hydropower planning and design and new energy development
POWERCHINA has participated in the design and construction of many world-renowned water conservancy and hydropower projects, including the South-to-North Water Diversion Middle Route Project —— the world's largest and longest water transfer project, and the Xiaolangdi Water Control Project on the Yellow River ——China's key Yellow River development and management project, which makes China the world's leading hydropower country. The company also created a precedent for the contracting model of domestic large-scale hydropower projects and made breakthroughs in domestic hydropower Engineering Procurement Construction (EPC) projects.
Sudan Merowe Hydropower Station on the Nile River —— the world longest river retaining dam with a length of 9.8 km and a total installed capacity of 1,200,000 kW, won the Luban Prize for Construction Project. Soubre hydropower dam, the largest of its kind in Cote d'Ivoire, was put into operation ahead of schedule. Uganda's 600 mW Karuma Hydropower Project was the biggest cooperation project since China and Uganda established diplomatic relations over five decades ago. Malaysia Bakun Hydropower Station is the first overseas project to be granted the National Quality Engineering Golden Award. Ecuador's Coca Codo Sinclair Hydropower Station has withstood a 7.8-magnitude earthquake.
POWERCHINA is the principal compiler of China's wind energy resource survey and the major reviser of industrial technical specifications and practices on the state level, and it not only lays claim to the leading technology in project planning, design and construction of wind power, solar energy, biomass energy, distributed energy sources and supporting projects of nuclear power, but is also adept in market and resource integration. It has planned, designed and participated in the construction of nine 10,000 mW wind farms, including the Gansu Jiuquan wind farm; invested and contracted the 400,000 kW Jiuquan plant in Gansu province, the 200,000 kW Zhangbei plant in Hebei province, and the 200,000 kW Rudong Offshore wind plant in Jiangsu province. It completed the first domestic 100,000 kW PV power generation project, China's first tidal power station, and participated in many nuclear power plants in Guangdong Daya Bay and other places. The corporation has formed a complete technical service system, technical standard system, and scientific and technological innovation system in the field of hydropower and clean and renewable energy, perfectly illustrating the nation's competitiveness. It has the national energy strategy service capability and internationally leading technical service capabilities.
Thermal power and power grid
POWERCHINA has taken the lead in such areas as the 1,000 mW grade thermal power project (with ultra-supercritical technology, double reheat and direct air cooling technology), new energy source projects including gas turbine, wind power, solar energy, biomass energy, distributed energy resources, nuclear power plant and 1,000 kV voltage rank AC/DC power transmission and transformation projects.
It has designed and constructed China's first 1,000 mW intelligent ecological power plant—Laizhou Power Plant in Shandong province, the world's first 1,000 mW coal-fired air-cooled unit—Ningxia Lingwu Power Plant, Phase II of Xinjiang Production and Construction Corps Agricultural Construction Sixth Division's 2×1,100 mW project —— world's largest ultra-supercritical air cooled unit with the largest stand-alone capacity. With world-leading technology and experience in the design and construction of UHV AC/DC transmission lines and substations, the company has successively completed the Hami South-Zhengzhou ±800kV UHV DC Transmission Project with the world's largest transmission capacity, and the Southeastern Shanxi-Jingmen 1000kV UHV AC Transmission Project with the world's highest voltage class, as well as the Belo Monte ±800 kV UHV DC Transmission Project in Brazil, which under the EPC mode, is the first power transmission and transformation line in Latin America and the fourth in the world.
Smart city, modern transportation and infrastructure construction
POWERCHINA has engaged extensively in the planning, design, and construction of Xiong'an New Area as well as the construction of digital cities in new districts such as Qianhai Shenzhen–Hong Kong Modern Service Industry Cooperation Zone in Shenzhen. It has built a number of high-speed railways, including the Beijing-Shanghai, Beijing-Zhangjiakou, and Xi'an-Chengdu railways, with a total distance of over 1,300 kilometers. Additionally, it has invested more than 300 billion yuan ( 46.22 billion) in the construction of metro lines and highways, such as the No 7 metro line in Shenzhen, No 18 metro line in Chengdu, Sichuan Qionglai-Mingshan Highway, Yunnan Jinjiang-Hongta Highway and so on. The corporation has been actively involved in the construction of Belt and Road Initiative projects such as the China-Laos Railway Project and Jakarta-Bandung High-speed Railway Project. In addition, it participated in the design and construction of a series of comprehensive municipal projects in Tianjin, Chengdu, Xi'an, Zhengzhou, Hangzhou and other cities.
POWERCHINA is strong in engineering design and has abundant experience in the engineering and construction of water resources, water ecological restoration, water environmental governance, water affairs, port and waterways, sea water desalination and other environment project. It has participated in many urban water environment treatment projects with diverse patterns adopted, such as Beijing Six-Lake desilting work, sewage treatment in the Qiantang River Basin, comprehensive treatment and improvement of East Taihu Lake, Huangpu River water quality improvement work, management of Xi'an Fengdong River, water supply project in Kunming, and treatment of Xinglong Lake in Chengdu; handled water environment comprehensive treatment of the Maozhou River Basin, and has made breakthroughs in this area; invested in and operated water utilities and environmental protection projects, sea water desalination, mineral resources development, port construction and development as well as waterway dredging. It also took part in the construction of Doha New International Airport in Qatar and laid the world's first dedicated runway for Airbus A380. It also contributed to the construction of airports in over 10 places, including Beijing, Shanghai, Guangzhou, and Xiamen.
Equipment manufacturing and leasing
POWERCHINA's inventory includes transmission line equipment, transmission and distribution equipment, auxiliary equipment and accessories for power stations, infrastructure equipment, and water conservancy and hydropower engineering equipment. POWERCHINA-manufactured auxiliary equipment for coal-fired power generation dominates in the domestic market. This includes equipment such as boiler feed pumps, blowers, coal mills and different types of valves. After acquiring Germany's TLT company, POWERCHINA ranked second in the world in the blowers market, with blowers for power stations taking up the majority share in the global market. POWERCHINA has researched and developed million-kilowatt feed pump units, supporting the third generation conventional island for nuclear electricity. Independently and jointly developed equipment, like structural hardware used in hydraulic and hydro-power engineering, gate hoist and ship lift, have been granted the award for scientific and technological advancement at the state and ministry levels.
At present, POWERCHINA is actively undergoing industrial transformation and upgrading, and extending its industrial chain to such areas as infrastructure, water resources and environment, energy conservation and environmental protection, and high-end manufacturing. It is also gradually establishing a "dual platform" for equipment procurement and leasing and striving to create an equipment manufacturing industry cluster with independent intellectual property rights.