Partnership collaborate to advance green and stable power infrastructure

"We are extremely proud of this recent collaboration with our Indonesian partners that helps to ensure energy stability, not to mention job opportunities and increased standards of living, for multiple communities all over Indonesia," said Leng. "Much of the equipment provided, operated, and maintained by Shanghai Electric that is in service in Indonesia is making positive contributions to local energy security while contributing to improvements in energy level and consumption as well as people's livelihoods."

Additionally, the Company's business development in multiple fields includes the operation and maintenance of three thermal power units in Weda Bay Industrial Park, Nanjing Iron, and Steel Group's coke engineering project with its annual output of 2.6 million tons, as well as a joint venture with an automobile air-conditioning heat exchanger factory.

Shanghai Electric's innovative low-carbon energy and solutions projects are making massive contributions to local communities in Indonesia

Java 7 Coal Fired Power Plant is a 2100MW coal-fired power project located in Banten, Indonesia. Shanghai Electric commenced project construction in 2016 and subsequently entered commercial operation in December 2019. The Chilaza Power Plant, run and maintained by Shanghai Electric for its second phase, holds the top spot for power generation efficiency among coal-fired power plants on Java Island in Indonesia.

Following its recent connection to the grid earlier this month, the facility has emerged as a robust cornerstone, providing a guarantee for the stability of the local power grid. Another major project, Qingshan Industrial Park, is the Company's first foray into the international large-scale coking market and is therefore of significant importance as it fully promotes Shanghai Electric's internationalisation strategy.

Shanghai Electric's broad scope covers lithium battery production lines, auto parts, large aircraft production lines, elevators, and air-conditioning compressors. Shanghai Electric's laser focus on technological innovation and involvement in the production and operation of rail transit systems and other industrial equipment, as well as integrated services, empowers international market cooperation opportunities and the development of green and low-carbon industrial technology globally.

Shanghai Electric is actively expanding its engineering businesses outside of China. It has completed over 100 power engineering projects with a total contract value of over 250 billion yuan ($35.76 billion), which accounts for one third of the company's power equipment sales overseas. The Company also acquired 100% equity in Nedschroef in the Netherlands, expanding into the high-end automotive fastener industry, and acquired 100% equity in Germany's Broetje Automation, expanding into the high-end aviation equipment manufacturing industry.