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Shanghai Electric works with partners to ensure the progress of its international projects

SHANGHAI, March 20 /PRNewswire/ Shanghai Electric (“Shanghai Electric” or the “Company”) (601727.SS and 02727.HK) has announced that the company has achieved a number of milestones in its major international projects since the beginning of this year. As a global leader in energy solutions, the company continues to accelerate the progress of its construction projects around the world, despite the global uncertainty caused by the re-emergence of the COVID-19 virus and ongoing supply chain disruptions.

Two of its notable projects—the 800MW Rupsha combined-cycle power plant project and the Japan Yakai PV plant project—are well underway, and Shanghai Electric Guoxuan New Energy Technology Co., Ltd. Ltd (Electric Guoxuan), a subsidiary of Shanghai Electric Power Generation Group recently signed a contract with Pacific Green Technologies Group (PGTK) for the UK REP 1 & 2 battery storage project during the online conference.

UK Energy Storage Project REP 1 & 2

The UK Energy Storage REP 1 & 2, consisting of two sites with a total capacity of 100 MW/100 MWh and located in Ridgeborough Energy Park in Kent, is part of the exclusive agreement between PGTK and TUPA Energy Limited to develop Battery Storage Systems (“BESS”). ”) with a capacity of up to 1100 MW in Great Britain.

For the first time, Shanghai Electric Power Generation Group is participating in an international project as a main contractor, working with PGTK to bring together the best expertise and resources to help Britain drive its energy transition. Both parties began the design process. The first handover is expected in the third quarter of 2022.

800MW Combined Cycle Power Plant Project in Ropcha, Bangladesh

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Funded by the Asian Development Bank, the project includes two joint F-class gas turbines and will be the largest gas turbine power plant ever built in the country. The project is located in Khulna District, the second largest section of Bangladesh, and aims to ease the power supply in the southwestern regions of the country. The project is part of Bangladesh’s national strategy to further enhance energy security and plays an important role in strengthening the national economy and creating more job opportunities for the country’s residents.

Recently, after Shanghai Electric announced that the lifting work on the No. 1 gas turbine has been completed, paving the way for the major equipment installation phase, the project completion has made significant progress. The announcement came after construction on site was halted due to the COVID-19 pandemic and dry season, which hampered the delivery of large building materials. In the face of difficulties and challenges, Shanghai Electric has coordinated all teams to ensure that deliveries are delivered on time, which greatly speeds up the overall progress.

Japanese Yakai PV Power Plant Project

On April 14, the Yakai PV power plant in Japan was successfully connected to the grid with the support of local contractors and power supply companies. The solar plant, the first of its kind developed by Shanghai Electric in the country, is now fully operational, providing more than 20 megawatts of renewable energy to local homes and businesses.

The on-schedule completion of the project is a result of the joint efforts of Shanghai Electric teams and its partners, the effects of the seventh wave of the COVID-19 outbreak in Japan and the 7.3-magnitude earthquake that struck Fukushima on March 16 to mitigate its effects. Shanghai Electric has also coordinated cooperation with the local government and electric utilities to enable the power plant to be commissioned ahead of schedule in accordance with local laws and regulations, allowing the owner to maximize the return on the project.

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