[The progress of the Zhongsha Gulei Petrochemical Project has exceeded 90%] China and Saudi Arabia jointly built the landmark project of the "the Belt and Road" - Gulei Petrochemical Integration Project with a total investment of 42.07 billion yuan. In February, it entered a critical sprint stage, with the overall project progress exceeding 90%, and equipment installation and pipeline construction were comprehensively carried out. The project is jointly constructed by Saudi Arabia SABIC and Fujian Energy and Chemical Group, and is planned to be put into operation in the second half of 2026. After completion, it will become a new engine for the petrochemical industry in the southeast coast, deepening the cooperation of the entire energy and chemical industry chain between China and Saudi Arabia.Editor/Bian Wenjun

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• 2026.03.10 11:51
• [CPCC Energy and Power signed new contracts worth nearly 60 billion yuan]
• China Power Construction Corporation recently released an announcement on its main business operations for January 2026. According to the data, the company signed a total of 661 new projects in January 2026, with a total contract amount of 89.436 billion yuan. Among them, the energy and power business sector has performed outstandingly, with 428 newly signed projects and a total of 59.324 billion yuan in newly signed contracts. According to the announcement, the scope of energy and power business is extensive, covering hydropower, wind power, solar power generation, thermal power, new energy storage, nuclear power, power grid, as well as various types such as hydrogen energy, geothermal energy, ocean energy, biomass energy, etc.Editor/Yang Meiling

• 2026.03.10 11:50
• [Qinghai introduces new policies to support independent bidding for solar thermal projects]
• In order to promote the large-scale development of solar thermal power generation, the People's Government of Qinghai Province recently issued the "Several Measures for Promoting the Scale Development of Solar Thermal Power Generation in Qinghai Province". The document proposes to support incremental independent solar thermal projects included in the development and construction plan to independently conduct mechanism electricity price bidding one year before the prescribed completion deadline. The policy will comprehensively consider factors such as the comprehensive income of enterprises and the value of green electricity to set a reasonable upper limit for bidding, and set a lower limit for bidding based on the principle of not being lower than the project cost, with a starting lower limit of 0.55 yuan/kWh. The lower limit will moderately decrease year by year, with the goal of achieving comparable prices to coal-fired power by 2030.Editor/Yang Meiling