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PEOPLE development of hydropower projects in the field of general contracting

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PEOPLE Electrical Appliance development of hydropower projects in the field of general contracting

The first domestic private enterprises involved in cross-border development of hydropower projects in the field of general contracting.

   Following the 2006 British masterpiece worked with  "king of shipping" on the shipbuilding industry, People Electrical Appliance recently bold in Vietnam, "an electric shock." Vietnam PETN Station which People Electrical Appliance is the General Contracting Group will be in formal operation in May 2009 .It could supply one-sixth of Vietnam land area of industrial and residential electricity consumption." This is the first domestic private enterprises involved in cross-border development of hydropower projects in field of general contracting.

   It is reported that the project is located in Ha Jiang Province, Vietnam, power station installed capacity of 2 × 41 MW, the total project investment of 200 million U.S. dollars. But this is only the beginning. It is learned from Group General Manager People Electrical Appliance Ye Yusen that is a hydropower station, , will also sign the same size in the downstream development of the secondary station in July this year, but then the people Electrical Appliance will be from contractors into investment developers, the proportion fund will be 51%.of total investment.

    Board Chairman Zhen Yuanbao said station general contractor is only a try, to be familiar with each other's national conditions during this period, such as folk customs, but also to allow each other to understand the idea of private enterprises in Wenzhou, and ultimately into more diversified industries. Xiangyu Ye gave a more specific "attempt"of unlimited business opportunities, :such as infrastructure construction, power grids reform ,urban construction.

 Why select in Vietnam The Group Import and Export Corporation, general manager Ye Xiangyu said that in 2004 People Electrical Appliancmarket had expanded market in Vietnam, the establishment of sales subsidiaries , a number of exhibitions and sales of high and low voltage electrical products. He said that by virtue of the company's strong background and brand influence, since then they established a  a very close relationship with Vietnam power systems .

    2006 APEC summit was successfully held in Vietnam ,which means that a formal move toward reform and opening up of Vietnam." Ye Xiang Yu said that Vietnam got a large number of financial assistance from World Bank, ADB, China, France, South Korea, Japan and other countries during this period, these funds was spent on the basic infrastructure.

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