On March 24, Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric Group, held talks with Mohamed Abu Nayan, Chairman of the Board of Directors of Saudi International Power and Water Corporation (ACWA). In-depth exchanges were conducted on topics such as the development of the hydrogen industry and technical cooperation in seawater desalination. ACWA independent director Chen Liming, ACWA director, executive vice president, chairman of the China region Saile Habti attended.
Wu Lei reviewed the achievements of cooperation between Shanghai Electric and ACWA over the years, and especially spoke highly of the Dubai photothermal photovoltaic project jointly built by both parties. He said that Shanghai Electric is willing to further deepen strategic mutual trust with ACWA, give full play to its technological advantages in the field of high-end equipment manufacturing and the ability to integrate the whole industry chain, and jointly explore collaborative innovation in cutting-edge fields such as green hydrogen production, seawater desalination and new energy storage. Combined with the technology, capital and market advantages of both sides, Shanghai Electric is willing to promote the coordination of green energy equipment, engineering general contracting and investment and investment and financing to provide customized comprehensive energy solutions for customers in the Middle East, help the cooperation region to achieve sustainable development goals.
Abunayan expressed admiration for Shanghai Electric's outstanding achievements in the field of energy equipment manufacturing, and introduced the company's current strategic layout and ongoing institutional optimization and brand upgrading. He said that Shanghai Electric is one of ACWA's most important strategic partners and also provides key support for ACWA to advance global projects. ACWA attaches great importance to the cooperative relationship with Shanghai Electric, and expects the two parties to expand a broader space for cooperation in the fields of wind energy, photothermal photovoltaics, and energy storage through diversified models such as joint research and development and project investment, and integrate China's advanced technology with regional market demand. Deep integration creates long-term value for the energy security, economic prosperity and sustainable development of the country where the project is located.
The heads of relevant departments and industrial sectors of both sides were present during the meeting.