Kaishan signs strategic cooperation agreement with Power China Huadong Engineering Corporation


Recently Kaishan signs a strategic cooperation agreement with Power China Huadong Engineering Corporation. According to the agreement, the parties have decided to cooperate following the successful cooperation on Kaishan’s SMGP 240MW geothermal power project in Indonesia, concerning the planning, feasibility study, project investment/financing, design, procurement, construction, equipment, EPC contracting, project management for geothermal projects located in countries of the Belt and Road Initiative. After the signing, the parties will assign teams that work with each other on the cooperation.


The cooperation between Kaishan and Huadong Engineering Corporation on SMGP project has been effective and successful. The entering into the strategic cooperation will be beneficial for both parties in that each can bring on their respective strength, that the company’s competitiveness in geothermal technology and equipment will be enhanced, that development of overseas geothermal power generation markets will be speeded up, that both parties will be able to generate more commercial values, and that favorable economic and social effects will be introduced in.