The largest state-owned overseas energy storage project breaks ground

Apr 02, 2024


China Energy Construction Group Co., Ltd. recently announced that Andiyan Prefecture in Uzbekistan has launched the 150MW/300MWh Lodge Energy Storage Project, my country’s largest single electrochemical energy storage system project invested overseas.

The project started on March 25, local time, marking a solid step taken by China Energy Construction in the overseas energy storage field.

This is not only the first foreign-invested electrochemical energy storage project in Uzbekistan, but also the first overseas energy storage project invested by China Energy Construction. The subsidiary Gezhouba Ocean Investment Company is responsible for the investment, and the Central South Electric Power Design Institute is responsible for the EPC general contracting.

This project covers an area of about 6 hectares, with a total investment of US$140 million (about 1 billion yuan). It uses lithium iron phosphate batteries and is scheduled to be put into commercial operation by the end of 2024. Once completed, it will greatly enhance the power regulation capability of the local power grid and is expected to provide 2.19 billion kilowatt-hours of power support.

On the same day, China Energy Construction also launched another project in the country, the 150MW/300MWh energy storage project in Oz, Fergana State. Zhongnan Electric Power is also responsible for the EPC general contracting. Both projects are one of the key projects of the “Belt and Road” 10th Anniversary Summit Forum and China-Uzbekistan production capacity cooperation.

In the first quarter of 2024, the total capacity of Energy China's overseas energy storage projects reached approximately 1GWh. As a central enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council, China Energy Construction Group has always been a leader in the field of global power infrastructure investment and contracting.

On December 19, 2014, China Energy Construction Group and its wholly-owned subsidiary Electric Power Planning Institute jointly initiated the establishment of China Energy Construction Co., Ltd.

China Energy Construction Co., Ltd. is the core subsidiary of China Energy Construction. It has been listed on H shares and A shares in 2015 and 2021. It has been among the world's top 500 companies for 10 consecutive years. It ranks among the top 150 ENR global engineering design companies and the top 250 global contractors. It ranks at the top of the list and has operations in more than 140 countries and regions around the world.

As of the end of 2022, China Energy Construction Co., Ltd.'s total assets have exceeded 600 billion yuan, its annual revenue has exceeded 300 billion yuan, and its net profit has been 10.407 billion yuan.

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