China Power Construction (601669.SH): Signed about 8.925 billion yuan water transportation system subcontract for the Basra seawater desalination project in Iraq

Zhitong Finance App News, China Power Construction (601669.SH) issued an announcement. Recently, China Water Resources and Hydropower Fifth Engineering Bureau Co., Ltd., a subsidiary of the company, and Iraq Ruida Company signed a water transportation system subcontract for the Basra Seawater Desalination Project in Iraq. The contract amount is equivalent to about RMB 8.925 billion. The project is located in Basra province, Iraq. The main work of the project is to design and build a water transportation system with a daily water supply of 1 million cubic meters (including a water pipeline with a length of about 240 km, a main pumping station and nine receiving pumping stations). The project construction period is 6 months of limited commencement period plus 1,350 days of main construction period, and the defect liability period is 24 months.