Summary by Moomoo AI
CH Energy Eng announced that its subsidiary companies have signed a major contract with a Saudi Arabian enterprise. The contract is for the EPC of the 2GW Haden2GW solar project for Saudi PIF Phase 4, with a contract value of approximately $0.972 billion, or approximately RMB 6.979 billion. The project will be built approximately 93 kilometers northeast of Taif city, Mecca Province, Saudi Arabia, mainly including the engineering design, equipment procurement, installation, and other work of a 2,000 MW photovoltaic power station, with a total construction period of 31 months plus a 24-month quality guarantee period. This contract is in the company's daily business scope and does not constitute a transaction that requires disclosure. The announcement was made by the company's chairman, Song Hailiang, on August 13, 2024.