PowerChina (601669.SH): Signs subcontracting contract of about 8.925 billion yuan for the Basra Seawater Desalination Project in Iraq.

Zhongtong Finance APP news, China Energy Construction (601669.SH) announced that recently, its subsidiary China Water Resources and Hydropower Fifth Engineering Bureau Co., Ltd. and Iraq Riada Company signed a subcontract for the water transportation system of the Basra Desalination Project in Iraq, with a contract amount equivalent to approximately 8.925 billion RMB. The project is located in Basra Province, Iraq. The main work content of the project is to design and build a water transportation system with a daily water supply of 1 million cubic meters (including about 240 kilometers of water pipes, a main pumping station, and nine receiving pumping stations). The project has a limited initial construction period of 6 months + a main construction period of 1350 days, and a warranty period of 24 months.