Reminder28 Nov 2018 17:03
PowerChina is a State-owned Key Enterprise of People's Republic of China, and is a world-leading integrated engineering construction group. In 2018, PowerChina ranked 182nd among Fortune Global 500, 41st among Top 500 Enterprises of China, came 6th in the list of the world's 250 largest global contractors and placed 2nd among top 150 engineering design companies worldwide according to Engineering News-Report.
The Executive Chairman of GCM, Datuk Michael Tang PJN, stated:
"I am delighted to have concluded this MOU with PowerChina, our new highly esteemed strategic partner and would like to thank them for their support and enthusiasm in finalising the agreement. GCM's strategy is to present a holistic power solution to the Government of Bangladesh which can generate 6,000MW for the country. This MOU is another strong step in this direction, and I am excited by the momentum which is being built towards our goals. We are confident that the Phulbari Coal and Power Project will deliver substantial benefits for the Government, the people of Bangladesh and our shareholders."