China Energy Engineering Secures Major Power Project

China Energy Engineering Corp. Ltd. Class H (HK:3996) has released an update.

China Energy Engineering Corp. Ltd. has won a significant bid for a major project involving the replacement and expansion of ultra-supercritical coal-fired generating units in Jiangsu, valued at approximately RMB6.93 billion, with a construction timeline of 48 months. The project will be executed by its subsidiaries, East China Electric Power Design Institute and Jiangsu Province First Electric Power Engineering. However, potential investors should note that the formal contract has not yet been signed, indicating possible investment risks.

For further insights into HK:3996 stock, check out TipRanks’ Stock Analysis page.