On January 14, 2023, the State-owned Assets Supervision and Administration Commission of the State Council held a signing ceremony for the professional integration project of water conservancy and power construction resources between China Three Gorges Corporation and China Communications Corporation. China Water Conservancy and Electricity International Co., Ltd., a subsidiary of China Three Gorges Corporation, was transferred to CCCC as a whole.

Weng Jieming, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, said at the signing ceremony that China Three Gorges Corporation and China Communications Corporation implemented the overall transfer of China Hydropower Corporation. This is a new concrete practice and successful exploration of the professional integration of central enterprises, which is beneficial to China Three Gorges Corporation and CCCC The group highlights its main business and strengthens its specialties to achieve effective improvement in resource allocation efficiency and development quality and benefits; it is conducive to further strengthening its core competitive advantages and jointly strengthening the clean energy industry chain and value chain; competitiveness, better shape Chinese brands, and accelerate the building of a world-class enterprise.

The predecessor of China Hydropower Corporation was the foreign aid agency of the Ministry of Water Resources. It was one of the first eight companies approved by the State Council to engage in foreign project contracting and management. In 2009, it was reorganized and entered the Three Gorges Corporation. China Hydropower Corporation has successfully constructed more than 800 water conservancy, hydropower and infrastructure projects in more than 80 countries and regions. The Keleta Hydropower Station in Guinea built by China Hydropower Corporation is printed on the local currency. The Danlowe Hydropower Station in Sudan is the largest hydropower project in Africa and is known as the "Three Gorges Project" in Sudan.

CCCC is the world's leading comprehensive service provider for super-large infrastructure and the largest international engineering contracting company in Asia. It has strong complementarity with China Hydropower Corporation in terms of qualifications and business, and has carried out fruitful cooperation in international operations. This professional integration is conducive to the coordinated operation of China Hydropower Corporation and other subsidiaries of China Communications Group to achieve higher-quality development, thereby producing the effect of "1+1>2".

Wang Tongzhou, chairman of China Communications Corporation, said that China Hydropower will be positioned as an entity group within China Communications Corporation that specializes in water conservancy, electric power, and new clean energy businesses. , talent team, financial funds, qualifications and construction resources and other aspects give China Hydropower all-round support, and build China Hydropower into a world-class water conservancy and power company with global competitiveness "technology-based, management-oriented, and quality-oriented". Clean energy engineering contractor.

Lei Mingshan, chairman of China Three Gorges Corporation, said that he will do a good job in the follow-up work of professional integration, effectively and orderly promote seamless connection and smooth transition, so as to ensure that people will not be confused, the team will not disperse, work will continue, and state-owned assets will not be lost. We will continue to deepen the strategic cooperation with China Communications Corporation, give full play to the synergistic effect of the industrial chain in the fields of major project construction, joint efforts to protect the Yangtze River, and offshore wind power, realize complementary advantages, mutual benefit and win-win results, and better play the strategic support role of the state-owned economy .

Weng Jieming emphasized that China Three Gorges Corporation and China Communications Corporation have carried out a lot of successful practices and accumulated useful experience in resource integration. In the coming period, they should promote integration and integration with greater efforts and in more ways to play a good synergistic effect. It is necessary to strengthen complementary advantages, form a development pattern of division of labor, cooperation, industrial support, mutual benefit and win-win in the fields of clean energy development and engineering construction, further exert their respective comparative advantages in technology, talents, management, etc., increase new technologies, new products, Cooperative development of new markets. Editor / Zhao E