Yankuang Group entered strategic cooperation framework agreement with State Power Investment Cooperation (SPIC) in Beijing recently, based on which, the two sides will carry out cooperation in coal supply and demand, power station services, Coal and Power Pool Project (CPPP), new energy, overseas projects and other fields.
Mr. Li Xiyong, the Chairman of Yankuang Group and the Secretary of Yankuang Committee of the CPC, said that the agreement is the implementation of the "Belt and Road Initiative" and development strategy of CPPP, and fully reflects the urgent desire of both sides to foster and develop new growth drivers and gather new advantages, which is of great significance to give full play to the synergistic advantages of the Fortune Global 500 enterprises and to promote the high-quality development of both sides. According to the agreement, the two sides will adhere to co-building, sharing and strive to be the demonstration of the replacement of old growth drivers with new ones and the leaders of integrative development.
Mr. Qian Zhimin, the Chairman of SPIC and the Secretary of SPIC Committee of the CPC, said that there is a solid foundation for cooperation between SPIC and Yankuang and strong industrial complementarities. The two sides should further explore space for cooperation and carry out multi-level practical cooperation in CPPP and other fields and strive to achieve mutual benefit and win-win cooperation.