China Gezhouba : CIIE | CGGC International and Hitachi ABB Power Grid Signed A Purchase Agreement

Scene of the Signing

At the opening ceremony of this grand event, President Xi Jinping pointed out that China will uphold the beliefs of openness, cooperation, solidarity, and shared benefits, unswervingly expand the opening-up in an all-round way, and make the Chinese market a world market, a shared market, and a market for all, so as to drive the recovery of world economy and inject more positive energy into the international community.

As a practitioner of the 'Belt and Road' initiative, CGGC has always adhered to the same philosophy of the national strategy and prioritized overseas development, with business presence in 142 countries and regions around the world. CGGC has always insisted the two-wheel drive of investment and contracting, coordinated international and domestic development, industrial manufacturing transformation and upgrading, and stable financial and trade operations. It focuses on the development of four major areas of power, transportation, construction and environmental protection, and actively promotes the construction of new infrastructure, forming a business development pattern of 'Four Majors And One New'.

The signing of this purchase agreement will further deepen and expand the close cooperation between CGGC and Hitachi ABB Grid. The two parties agreed that they will jointly respond to the severe and complex global external environment through forming strong alliances, and provide the world with sustainable solutions for the entire industry chain. This signing marks a new starting point for both parties to jointly develop the global energy market, urging them to achieve mutual benefits and win-win cooperation in a larger market and for more specific projects, and promoting bilateral and multilateral capacity cooperation.

The CIIE has set up a big stage for international energy cooperation and brought new development opportunities for cooperation in the energy industry. CGGC will seize this opportunity, adopt a more open and inclusive attitude, present more sincerity in mutual promotion and win-win, be more vigorous and active, and work with its global energy partners to promote cooperation in international third-party markets, to continuously promote the high-quality joint construction of the 'Belt and Road'.

The founding of ABB Grid Co., Ltd. was jointly announced by Hitachi Co., Ltd. and ABB Co., Ltd.; it is a well-known supplier of innovative services in the energy field, providing innovative energy solutions for the world relying on the grid business and Hitachi digital technology.
Guo Guangwen, Chief Engineer of CGGC, Chu Xiaozhuang, Deputy Director of Energy China's Production Management Department, Lyu Zexiang, Secretary of the Party Committee and Board Chairman of CGGC International, and Chen Xiangdong, Deputy General Manager of CGGC International; Executive Vice President of Hitachi ABB Power Grid, Head of the Greater China Region Zhang Jinquan, Senior Vice President of China Region Huang Zheng, attended the signing ceremony.