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SHANGHAI, Sept. 20, 2021 /PRNewswire=KYODO JBN/ --

Shanghai Electric (601727.SS and 02727.HK) announced the Company has been

ranked 51st on the 2021 Top 250 International Contractors list published by

Engineering News-Record (ENR), a world-renowned publication for engineering and

construction news and analysis. With a total of 22 overseas projects, Shanghai

Electric saw the biggest jump in rankings among its Chinese peers this year,

despite the lingering impact of the COVID-19 pandemic on global large-scale

engineering projects.

Widely considered the industry barometer, the ENR list ranks global

construction companies based on revenue generated by their overseas projects.

According to the annual list, 2020 marked another difficult year for global

infrastructure construction firms, filling the market with uncertainties and

short-term risks. ENR reports that the total international contracting revenue

for the Top 250 dropped 11.1% to $420.4 billion in 2020, from $473.1 billion in

2019, which is the largest single-year drop recorded in ENR international

contracting data going back to 2003. Amid the complex and challenging market

climate, Shanghai Electric implemented proactive business strategies at home

and abroad, in an effort to protect onsite employees while maintaining a high

growth rate of revenue for its major international projects, including Dubai

CSP, Pakistan's Thar Block-1 Integrated Coal Mine and Power Project, Serbia's

Pancevo, Vietnam's Forte, Greece's photovoltaics, and Iraq's Huashide

maintenance projects.

Looking back in 2020 along which Shanghai Electric rebounded from the COVID-19

pandemic, a spokesperson of Shanghai Electric, stated that Shanghai Electric

has once again shown its resilience in difficult times for the global

engineering industry. "In the face of a constantly shifting business

environment and uncertain industry outlook over the past year, Shanghai

Electric has taken swift actions to minimize construction delay, address onsite

worker safety and shortages, and ensure a high turnover of its overseas

projects. The recognition from ENR is another testimony to the exceptional

efforts we made, as well as our efficient management and the industry-leading

product quality as a result of our unwavering pursuit of excellence," he said.

Meanwhile, construction of Shanghai Electric's major overseas projects is

underway with all progress on schedule.

-The 300MW first stage of the 900MW Phase 5 at the Mohammed bin Rashid Al

Maktoum Solar Park (MBR Solar Park) completed a 10-day performance test in late

July this year and entered commercial operation ahead of schedule in

mid-August.

-The first aquifer of the open-pit coal mine of Pakistan's Thar Block-1

Integrated Coal Mine and Power Project has been completed at the end of June.

-The 220 kV switch station at the Pancevo gas combined cycle power plant

in Serbia completed backfeeding on August 19. The operating status of all

devices involved is stable and showed promising results, which laid groundwork

for grid-connected power generation.

In addition, the 300 MW Unit -1 of the Deenbandhu Chhotu Ram Thermal Power

Station (DCRTPP), Yamuna Nagar of Haryana Power Generation Corporation Limited

(HPGCL) has broken the records by completing a 145-day continuous operation on

April 19, 2021, carried out by the Shanghai Electric engineers.

The maintenance mission came amid a challenging time when India was

experiencing a new wave of COVID-19. Working under immense pressure and against

all odds, HPGCL and Shanghai Electric engineers joined hands to undertake an

overhaul for the unit, which allowed the unit to operate without any technical

issues over the next five months. In March 2021, the unit recorded a monthly

Plant Load Factor (PLF) of 86.32 per cent, which is among the best-performing

power plant benchmarks across the country.

Unit 4 of Jindal 4X300MW coal-fired power plant in India also recorded a

711-day failure-free operation in September 2020, smashing the previous record

of 684-day operation without breakdowns and set a new standard for the entire

country. In January 2021, India's Warora 2X300 MW coal-fired power plant

project clinched the "Best Performance Award", which marked the third

consecutive year the power plant has received the recognition.

SOURCE Shanghai Electric