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AP Economic Development Board signs 6 MoUs with Chinese companies in power, infrastructure

Thu, Jun 30, 2016, 06:32 PM
A record Six Memoranda of Understanding (MoUs) were signed between the Andhra Pradesh Government’s Economic Development Board and the leading Chinese companies in Guiyang on Thursday.

The Guiyang government entered into an agreement with Power China Guizhou Engineering Corp (GEPCC), China State Construction Fourth Engineering Division Co. Ltd, South Huiton Co.,Ltd, Guizhou Chang Taiyuan Energy Saving Building Materials Co., Ltd, ACEDRILLS Rock Tolls Co., Ltd and Guizhou Maritime Silk Road International Investments Corporation.

Power China Guizhou Engineering Corporation proposed to invest in Infrastructure, Renewable energy, Power transmission and distribution, and Industrial Development. The company will invest at various stages in the next year and this is expected to generate 10,000 new jobs.

The GEPCC was represented by Mr. Guo Wei, General Manager of PowerChina. Jasti Krishna Kishore, Chief Executive Officer of Economic Development Board, represented the Government of Andhra Pradesh while signing the 6 MoUs, according to an official release.

A delegation led by Chief Minister Chanedrababu Naidu embarked on a 5-day visit to China to attend the World Economic Forum’s 10th annual meeting.

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