A consortium with Power Construction of China (SHA:601669) secured a 14.0-billion-yuan contract to build a solar and storage project in Abu Dhabi, United Arab Emirates.
The consortium, including local branch and subsidiary PowerChina Huadong, will construct a 2.1-gigawatt solar farm paired with a 7.75-gigawatt-hour battery storage system.
Completion is slated for 21 months from notice to proceed, with a 24-month defect liability period.
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