China Gezhouba : CGGC Signs the Turnkey Contract for Baylor Hydropower Station - A Key Energy Project in Malaysia

On August 2, CGGC, a core member of CEEC, and Sarawak Energy Corporation held the Signing Ceremony for Baylor Hydropower Station in Kuching. Among the attendees were Mr. Chen Xiaohua, Member of the Standing Committee of the Party Committee and Deputy General Manager of CGGC, President of CGGC International, and President of CGGC Overseas Investment, Tan Sri Datuk Ama James Mahin, Chief Deputy Minister of Sarawak & Minister of Infrastructure and Transport, Datuk Ama Hami Sbawick, Chairman of Sarawak Energy, and Fu Jijun, Consul-general of Chinese Embassy in Kuching. The successful signing of the contract marks that CGGC has made great breakthrough in the energy cooperation in Malaysia, and will also inject new impetus for the construction of the 'Belt and Road', and further strengthen the friendship between China and Malaysia.

Baylor Hydropower Station Project is an important part of Sarawak Corridor of Renewable Energy (SCORE), as well as one of the largest infrastructure projects in Sarawak. After it is completely put into production, it will offer 1285MW of additional renewable energy for Malaysia, providing enough power for local economic and social development. In peak time, the Project will offer about 3,500 jobs for local residents, and meanwhile a large pool of skilled and managerial high-quality electrical talents will be trained as the basis for local economic and social development, thus significantly accelerate the local economic development and improve the people's livelihood, so as to inject ceaseless impetus for the sustainable growth and long-term prosperity of Sarawak.

China and Malaysia are important trade partners of each other for multiple years, and the governments of two countries have continuously deepened the cooperation and communication in politic, economic and other fields under the framework of the China-proposed 'Belt and Road' Initiative. With extremely rich natural resources, Sarawak is of great significance for the economic development of Malaysia. The completion of Baylor Hydropower Station will provide important energy guarantee for the industrial development of Sarawak, and accelerate the economic development of Malaysia.

As a pioneer and leading enterprise in practicing the 'Belt and Road' Initiative, CGGC witnessed rapidly growing international businesses in recent years with constantly rising international position and industry influence. CGGC has set up over 100 overseas branches in countries along the 'Belt and Road' in five continents. Meanwhile, its businesses cover over 10 sectors including hydropower, thermal power, renewable energy, road, railway, port, airport, industrial park, construction, agriculture, water conservancy, etc. It ranked the 45th among the world's top 250 international contractors in 2016 by Engineering News Record (ENR), the 5th among over 4,000 Chinese enterprises 'going global' in terms of international contract price announced by the Ministry of Commerce in 2016, won many honorable titles like 'TOP 10 Enterprises Entering ASEAN ', and was hailed as the benchmark for Chinese enterprises to go global, and the leading enterprise in practicing the 'Belt and Road' Initiative.

At the signing ceremony, Chen Xiaohua noted that the 'Belt and Road' Initiative is a great idea that benefits the whole world. Currently, it is in a new stage from the starting to deep integration, and offers broad space for the deepening of pragmatic cooperation among the countries along the 'Belt and Road'. The signing of contract for Baylor Hydropower Station is of great significance for improving the level of economic and trading cooperation, strengthening the friendly collaboration between China and Malaysia, and promoting the healthy development of regional economy. CGGC will earnestly practice the concept of sustainable development, uphold the cooperation principle of 'equity, sincerity and mutual benefit', proactively promote the strategy of localization, stand to compliant operation, focus on ecological and sustainable development, and always devote itself to the improvement of people's living standard and promotion of social development. CGGC will give full play to its professional and technical advantages, as well as the construction and management experience in international large projects to build Baylor Hydropower Station into a model for the innovative development of economic and trading cooperation between China and Malaysia, and further enhance the comprehensive strategic partnership between both countries.