Name: Zheng Baihua, Deputy General Manager, China Electric Power Equipment and Technology Co., Ltd.

Title: Exploring Innovative EPC Modeto Bolster Grid Interconnection Along the Belt and Road

Abstract:

Since Chinese President Xi Jinping first proposed the Belt and Road Initiative, China Electric Power Equipment and Technology Co., Ltd. (CET) has constantly innovated the EPC mode with the aim of promoting grid connectivity among countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. A potential breakthrough in global energy internet construction, power grid connectivity among these nations will strengthen complementarity of resource development, boost international economic cooperation, realize coordinated regional development, and propel common prosperity globally.

The State Grid Corporation of China has signed strategic cooperative agreements with multiple neighboring countries along the Belt and Road, which substantially propelled the process of grid connectivity. As the operation platform and main implementation body of the State Grid's international engineering contracting business, CET has thus expanded cooperation by discovering new business modes—from EPC to EPC plus financing, EPC plus joint ventures, and to BLT and BOOT—all of which span from power grid construction through to development of new energy, with comprehensive financing coverage that includes spot exchanges, concessional loan, buyer's credit, seller's credit, and investment.

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