Shanghai Electric Ranks 51st on ENR's 2021 Top 250 International Contractors List
PR91782
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
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