Yongding won a large overseas 7.6 billion yuan bill, and Chinese and Bangladeshi leaders jointly witnessed the exchange ceremony of Yongding EPC signing documents.
2016-11-22
Chinese President Xi Jinping and Bangladeshi Prime Minister Sheikh Hasina jointly attended the project signing and text exchange ceremony (Yongding shares, Bangladesh, October 14) in the golden autumn season, rice fragrance. At the Prime Minister's Office in Dhaka, the capital of Bangladesh, Chinese President Xi Jinping and Bangladeshi Prime Minister Hasina jointly witnessed Jiangsu Etern Co., Ltd. Exchange of signed texts between the consortium and Bangladesh National Grid Corporation for the US $1.14 billion "Project to Expand, Alterate and Upgrade Bangladesh National Grid System. Wang Huning, Li Zhanshu, Yang Jiechi, Foreign Minister Wang Yi, Minister of Commerce Gao Hucheng, Director of the National Development and Reform Commission Xu Shaoshi,
Chinese President Xi Jinping and Bangladesh Prime Minister Sheikh Hasina attended the signing and text exchange ceremony of the project.
(Yongding shares, Bangladesh, October 14) in the golden autumn season, rice fragrance. At the Prime Minister's Office in Dhaka, the capital of Bangladesh, Chinese President Xi Jinping and Bangladeshi Prime Minister Hasina jointly witnessed Jiangsu Etern Co., Ltd. Exchange of signed texts between the consortium and Bangladesh National Grid Corporation for the US $1.14 billion "Project to Expand, Alterate and Upgrade Bangladesh National Grid System. Wang Huning, Li Zhanshu, Yang Jiechi, Foreign Minister Wang Yi, Minister of Commerce Gao Hucheng, Director of the National Development and Reform Commission Xu Shaoshi, President of the Export-Import Bank of China Liu Liange and other leaders and departments attended the ceremony. At the highest standard witness ceremony of the two governments, Mr. Morindi, chairman of Yongding shares, and Masum-Al-Beruni, executive director of Bangladesh State Grid Corporation, exchanged the original text of the signed business contract. After that, Hua Jie, general representative of Yongding Company in Bangladesh, as a special representative of Chinese enterprises, was cordially received by President Xi Jinping and took a group photo.
The leaders of China and Bangladesh witnessed the exchange of signed texts between Mr. Morindi, Chairman of Yongding, and representatives of Bangladesh.
The project team of Yongding Company has nearly 20 years of successful implementation experience and capability of similar projects in Bangladesh, with a total contract value of more than US $2 billion for power transmission and transformation and power plants, and successfully delivered EPC general contracts for the first and second phases of Bangladesh's national power grid in 1998 and 2004 respectively. This is the third phase of construction. The successful signing of the project is an important milestone for the future development of overseas related business.
The great news was reported by local media in Bangladesh (video screenshot)
The project is a demonstration project of cooperation between China and Bangladesh, which has been highly recognized by the heads of state of China and Bangladesh. As an excellent private high-tech enterprise, it can closely follow the country's "going out" strategy,It is also highly consistent with the strategic trend of the Chinese government to build "Belt and Road Initiative" and "China-Bangladesh-Myanmar-India Economic Corridor". It is also an important strategic measure of the Bangladeshi government to actively participate in the "Belt and Road Initiative" and "China-Bangladesh-Myanmar-India Economic Corridor" implemented by the Chinese government, it will have a positive and far-reaching impact on the expansion of Yongding's overseas EPC general contracting business.
Mr. Morindi, chairman of the board of directors of the company, said: the implementation of the project is not only the crystallization of the overall careful operation and continuous accumulation of the project team, but also the great trust, support and opportunity given by many departments and ministries of foreign affairs, commerce, development and Reform Commission, finance, Export-Import Bank of China, Chinese Embassy in Bangladesh, Economic and Commercial Office and other lines, yongding also actively agrees with and responds to the country's strategic call to build the "Belt and Road" and the "China-Bangladesh-Myanmar-India Economic Corridor.
Yongding shares will resolutely cherish national honor and shoulder heavy responsibilities, build the project into a model project for the host country on time and with good quality, and strive to compete for the vanguard of key enterprises in Jiangsu Province to participate in "Belt and Road Initiative" and undertake national projects. The implementation of this project will have a significant positive impact on the rapid development of this business segment of our company, and will also actively promote the development of subsequent new businesses.
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