| | Examples of Financed
Projects
In order to give you an idea what we can offer of financial
support or loan to foreign project, here
we list some examples signed in 2006 within Sinomach or its subsidiaries.
 | 1. Export-Import Bank of China and the Ministry of Finance of Kenya signed an
agreement at the Ministry of Finance of Kenya in Nairobi, granting preferential
loans to the Kenya city electricity network reconstruction project undertaken by
CAMC affiliated to SINOMACH.
The project was initiated by the Kenya government with an aim to promote
agricultural and economic development. It includes 183.5 kilometers long of
132kV transmission lines, 76 kilometers long of 33kV distribution lines and 2
23MVA 132/33kV transformer substations. |
| 2.
CAMC
under SINOMACH signed contract with Kyrgyzstan South Kirghizia Cement Group
about the Kyzyl-Kyja cement factory project in Beijing on April 12. This is the
first business contract after the Chinese government offered 900 million dollars
of preferential export under buyer’s credit. It is also the first large-scale
cement project undertaken by China in the form of EPC in Middle Asia. |
|
3.
Heads
of State of China and Senegal attended the signing ceremony of the Senegalese
government information network project undertaken by CMEC
 |
The
signing ceremony of the Senegalese government information network project
undertaken by China National Machinery & Equipment Import & Export
Corporation (CMEC) affiliated to China National Machinery Industry Corporation (SINOMACH)
was held in the Great Hall of the People on June 22. Hu Jintao, President of
China, Abdoulaye Wade, President of Senegal, Tang Jiaxuan, State Councilor of
China and other Senegalese government officials attended the ceremony.
The
Senegalese government information network project is the largest trade and
economic cooperation between China and Senegal since the two countries
reestablished diplomatic relations. The implementation of this project
symbolizes that China’s high-tech informational equipment entering the
international market for the first time. The Senegalese government work will be
computerize and integrated into network upon the completion of the project.
Efficiency and quality of service of the Senegalese government will be greatly
enhanced and the Senegalese will have easier access to relevant information.
|
4.
The signing ceremony of
Trinidad-Tobago aluminum factory project undertaken by CMEC under SINOMACH was
held at Hilton Hotel in Port-of-Spain, capital of Trinidad-Tobago on December
12, 2005. This is the largest international project undertaken by China in
Central America and Caribbean areas.
Trinidad-Tobago aluminum factory project was undertaken by CMEC in the form of
EPC. The output of liquid aluminum will reach 125,000 tons annually after the
project is put into use. The total contract valued at 465
millioins USD. |
|
(CHMC) to provide
electromechanical devices for CUA DAT hydropower station in Vietnam.
China National Heavy Machinery Corporation (CHMC) signed a contract with its
Vietnamese counterparts in Hanoi to provide electromechanical devices for CUA
DAT hydropower station as EPC, which is one of the top 10 national projects in Vietnam.
The contract includes team design, manufacturing, supplying, transportation,
installation, field erection, testing of 2×48.5MW electromechanical devices as
well as technical training. |
|
CMEC and
Electric Bureau of Senegal has signed a frame contract for CMEC as EPC for
Senegal's Dakar
Around City Power Transmission Project. This
project is the key project in Senegal and also the Second project between
the two nations ever since both nations established formal diplomatic
relation in 2005. The
project includes 30KM around city power transmission lines of 90kv,
four units of 90/30kv
substation and auxiliaries with GIS system.
The total is about 70 millions USD and will complete in 24 months. |
|
Other
financed projects include: 450
millions USD for power plant and transmission projects in Sri Lanka,
120 millions USD of telecommunication projects in
Africa, 250
millions USD for railway project in Africa.
|
| |
|
