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Article: Shandong Electric Power Construction Corporation signs LOI on three Sudan power stations.
- Article from:
- China Business News
- Article date:
- June 22, 2005
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Shandong Electric Power Construction Corporation signs LOI on three Sudan power stations
Shanghai. June 22. INTERFAX-CHINA - The Shandong Electric Power Construction Corporation, the wholly owned subsidiary of the Shandong Power Group, recently signed a letter of intent (LOI) with Sudan to build three power stations through EPC (Engineering, Procurement and Construction) contracts, says an official with the company.
"We reached the initial intention with Sudan part Monday morning," Xu Zhonghua, with the Shandong Electric Power Construction Corporation, told Interfax in an interview, "According to the agreement, we will inject RMB 4 bln (USD 483.3 mln) to ...