Upon the 60th anniversary of the establishment of Sino-Egyptian diplomatic ties and President Xi Jinping’s state visit to Egypt, under the joint witness of President Xi Jinping and Egyptian President Abdel-Fattah al-Sisi, DEC signed with the Egyptian Ministry of Power the Hamrawein ultra-supercritical thermal power project (phase I)3×660MW EPC contract agreement on 21 January 2016; on the same day, Industrial and Commercial Bank of China signed with Egyptian Electricity Holding Company capital raising and loaning framework agreement of the project. Chairman of DEC Ltd. and President of DEC Mr. Si Zefu, and Egyptian Power Minister Mr.SHAKER signed on the contract agreement respectively.

Egypt is a major targeting country of China in carrying out its “belt and Road” initiative and cooperation in manufacturing capacity. The signing of the contract agreement is not only an embodiment of DEC’s active involvement in Belt and Road construction and international manufacturing productivity cooperation, but also demonstrates China’s large-scale power generating equipments’ first entry into Egyptian and African markets, marking a significant landmark in the years to come.  

During the visit, Mr. Si Zefu also made thorough and deep exchanges with Egyptian Minister of Power, Chairman of Egyptian Electricity Holding Company and Egyptian Ministry of Transportation regarding the newly signed project.  

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