中文 | EN | RUS | ESP

Yongding and Huaneng Energy Transportation Company signed a strategic cooperation agreement.

2021-11-25

On November 25, Jiangsu Etern Co., Ltd. (hereinafter referred to as Yongding) and Huaneng Energy Transportation Industry Holding Co., Ltd. (hereinafter referred to as Huaneng Energy Transportation Company) signed a strategic cooperation agreement in Nanjing. Mo Siming, Chairman and General Manager of Yongding Co., Ltd., Tan Qiang, Director and Executive Deputy General Manager, Zhang Guodong, Director, Deputy General Manager and Secretary of the Board, Zhang Tong, Member of the Party Committee, Deputy General Manager, and General Manager of the Asset Division of Huaneng Energy Transportation Company, Deputy General Manager Li Jingxin and Zhang Ronghai attended the signing ceremony.

Based on the principle of "deep mutual trust, strategic coordination, complementary advantages, and win-win cooperation", after friendly consultations, the two parties decided to establish a strategic cooperative relationship and use their respective management advantages and market foundations,Jointly cooperate in the fields of optical communications, power transmission and new energy, including but not limited to optical fiber, submarine cable UHV, power transmission and new energy development.

Huaneng Energy Transportation Company was established in 2002 as a wholly-owned subsidiary of China Huaneng Group. The company has a registered capital of 3.65 billion yuan, total assets of 23.1 billion yuan, 7 second-level enterprises under management, and 1 listed company. Its business scope covers energy industry smart supply chain, industrial park construction and operation, energy infrastructure project investment and management, new energy, logistics, Bidding, import and export trade and other businesses, the main business income will be 30.9 billion yuan in 2019. The company adheres to the development concept of collaboration, innovation, openness and win-win, serves the energy development strategy of Huaneng Group, actively provides functional and performance support for the group company, and undertakes the functions of Huaneng Group's material supply center, stock asset management and industrial park construction and operation functions.

The signing of this strategic cooperation agreement has laid a solid foundation for promoting Yongding and Huaneng Energy Transportation Company to strengthen communication and interaction, form a partnership, and achieve "strategic coordination, mutual benefit and win-win. In the future, the two sides will further deepen cooperation, explore more possibilities and work together.