Wang Bin, general manager of POWERCHINA, met with Raad Al-Saddy, vice chairman and managing director of Saudi Arabia's ACWA Power, a leading developer, investor and operator of power generation and water desalination plants across the world, on May 9 at POWERCHINA's headquarters in Beijing.
The signing ceremony between POWERCHINA and ACWA Power takes place on May 9 in Beijing.
The two sides conducted in-depth exchanges on strengthening pragmatic cooperation in various fields and signed a strategic cooperation agreement.
A strategic cooperation agreement has been signed by the two parties to strengthen their partnership in several fields, including electric power and water affairs, new energy, green hydrogen, and energy storage.
In the course of Saddy's delegation's visit, Wang conveyed his gratitude to ACWA Power for their continued confidence and long-term backing and support towards POWERCHINA,and gave a comprehensive summary of POWERCHINA's international business expansion.
He said that POWERCHINA, as a leader in global clean and low-carbon energy, water resources, and environmental construction, has always regarded ACWA Power as one of the most important strategic partners in the world.
It is hoped that the two sides will establish a long-term, stable, and close cooperative relationship to bear more fruits of cooperation, Wang added.
Saddy reviewed the history of cooperation with POWERCHINA, introduced the latest development strategy of ACWA Power in China, and expressed appreciation for POWERCHINA's global development achievements.
POWERCHINA has a strong brand influence and is a trusted partner of ACWA Power, Saddy added, and he hoped that the two sides would continue to give full play to their professional advantages and expertise to contribute to the promotion of global energy transformation and green development, and achieve mutual benefit and win-win results.
