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Yunnan’s enterprises to help Guinea for constructions

Source:   Time:

Two enterprises, Yunnan Construction Engineering Group Co., Ltd. and Yunnan Overseas Investment Co., Ltd. will help Republic of Equatorial Guinea for constructions including the country's National Institute of Sports, a soccer school and a power plant. All the three are built in Bata city, Guinea.

The equatorial Guinea National Institute of Sports and the Soccer School will be built by Yunnan Construction Engineering Group Co., Ltd. Both projects have been signed on contracts in Malabo, Guinea on October. The academy will take a total duration of 30 months, covering an area of 90,479 ㎡. The soccer school, as a full time boarding school, will accommodate 130 youth football players, taking a total duration of 28 months and covering an area of 7,376 ㎡.

Established on June 1993, Yunnan Construction Engineering Group Co., Ltd. is a state-owned enterprise approved by the Yunnan Provincial Government. It is a large conglomerate involved in many industries including installation of electric and mechanical equipments, municipal road and bridge construction, steel construction, water resources and hydropower engineering construction, building materials and equipment supply.

A total of 1 billion EUR dollars will be invested by Yunnan Overseas Investment Co., Ltd. into a power plant with an installed electric capacity of 150 MW in Guinea.

Yunnan Overseas Investment Co., Ltd. was established in 2009, with registered capital of RMB 1 billion yuan which invested by the Yunnan provincial government.

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