Shuangliang Eco-energy Systems (600481.SH) disclosed that a stock-holding subsidiary of it signed supply contracts with Siemens AG for a 4,800MW combined cycle power plant program in Egypt.
According to the contracts, the subsidiary of the Shanghai-listed company will provide four sets of air-cooled condensers and air-cooled water chillers that value 53.58 million euros. The subsidiary is a qualified supplier of Germany-based Siemens AG and the combined cycle power plant program of Siemens in Egypt is one of the world's largest programs of this kind. The agreement will be of significant influence for Shuangliang Eco-energy Systems to develop international market.
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