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1 billion euro concessions for 4 years, which are the PROJECTS and COMPANIES that have flocked to the money: From Gjoka to Bardhi Konstruksion and Bushtrica Hydropower (FULL)1 billion euro concessions for 4 years, which are the PROJECTS and COMPANIES that have flocked to the money: From Gjoka to Bardhi Konstruksion and Bushtrica Hydropower (FULL)
10/06/2021, 13:40
24 concession contracts worth over 1 billion euros have been awarded by the Albanian Government for 4 years, writes newsbomb.al. Specifically, for the period January 2017 - December 2020, 125.19 Billion Lek PPP contracts were awarded, or converted into Euro 1 billion Euros.
The Institutional Sectors that have received the most tenders during this period are Energy, Transport, Environment, Urban Development, Health and Fiscal Control. The Energy sector has the largest number of contracts, while Transport has the highest value of PPP Investments and Concessions.
The Sectoral categories (other than Institutional) that have been applied during the four years are Waste Management; Road Infrastructure; Maritime Infrastructure Ports; Airport Infrastructure; Hydro Energy; Education; Health; Fiscal Control and Services.
From the research done by Open Data Albania, it turns out that most of the money was received by Road Infrastructure, then Hydro-Energy and Waste Management. Other sectors such as Education and Health have "absorbed" less from the state budget for concession contracts.
Projects and companies that have received more money and concession contracts in 4 years
During the period January 2017 until December 2020, 24 concession or PPP contracts were approved in Albania with a total investment value of 125 199 058 469 Lekë (125.19 Billion Lekë), or converted into Euro 1 009 669 826 Euro (1 billion Euro).
http://ndiqparate.al/2021/06/10/ndarja-sektoriale-koncesione-dhe-ppp-te-miratuara-2017-2020/
Energy, Transport, Environment, Urban Development, Health and Fiscal Control are listed as Institutional Sector where PPP Concessions have been applied during this period.
The Institutional Energy Sector marks the largest number of contracts. The Institutional Transport Sector has the highest value of PPP Investments and Concessions.
The Sectoral categories (other than Institutional) that have been applied during the four years are Waste Management; Road Infrastructure; Maritime Infrastructure Ports; Airport Infrastructure; Hydro Energy; Education; Health; Fiscal Control and Services.
Sector category Road Infrastructure, three PPP Concessions with Investment value of 62 115 823 913 Lekë have been approved. Specifically with the concession company Gjoka 87 sh.pk implementing the contract PPP Concession for the Improvement, Construction, Operation and Maintenance of Arbri Road; the company Bardh Konstruksion for the Design, Construction and Maintenance of the road segment Milot Balldre and the company Rruga Orikum Llogara sh.pk implementing the contract for the Design, Construction and Maintenance of the road segment Yacht Port-Bypass Orikum Dukat, St. Eliza Bridge.
In the category Seaport Infrastructure, a Concession Contract with an investment value of 1 374 984 000 Lekë has been approved, namely the PPP Concession Contract of the tourist port and services Marina Limion with the company Marina Limion sh.a.
Sector category Airport Infrastructure has been approved PPP Concession Contract for Rehabilitation Operation Transfer of Kukës Airport from the concession company Kukës International Airport sh.pk
For Services, a contract has been approved for the concession of some Maritime services with the company Ships of Maritime Service sh.a.
Waste Management (Waste Management), which includes collection, transportation, recovery, disposal of waste and production of energy were adopted two concession PPP contracts worth 18,471,152,055 ALL, converted about 148 960 Euro 904 which represents about 14.8% of total investment value for all PPP Concessions approved in this period. This sector includes the contract for the construction of the landfill, incinerator and rehabilitation of existing landfills, Tirana , with the concession company Integrated Energy BV SPV and the contract for the concession of cleaning, collection, transportation and selection of urban waste for the city of Kamza with company implementing Eco Cleaning sh.pk.
The Urban Development Sector marks two concessions with a total investment value of 4 102 552 269 Lekë about 33 085 099 Euro. Developments are in the sectoral category Education and it is about Improving the Educational infrastructure in the Municipality of Tirana, area Tirana 1 with concession company ZMA sh.pk and For improving the educational infrastructure in the Municipality of Tirana for four educational facilities in the area Tirana 4 sh.pk
During the period under review In the Health sector a Public Private Partnership has been established for the provision of laboratory service to university, regional and municipal hospitals, with implementing concession companies Laboratory Networks sh.pk
Also during this period a contract was approved in the sector of Fiscal Control , namely Public Private Partnership Legal control service of measuring instruments, through fuel and liquefied gas distribution instruments, concession company Noa Inspect sh.pk
Energetika lists some PPP concession contracts as contracts for the construction of the Kalivaç Hydropower Plant which is implemented by the company Ayen Alb sh.pk; Concession for Construction, Operation and Transfer of KUKUR Hydropower Plant by Kukur Hidro Energy sh.pk; Concession Construction Operation and Transfer of Bushtrica 3 hydropower plant by Bushtrica Hydropower sh.pk;
-Concession Construction Operation Transfer of Guri i Bardhë hydropower plant with implementing concession company GealbEnergy sh.pk; Concession Construction Operation Transfer of Lunik hydropower plant from the concession company Victoria Hydroenergy sh.pk; concession Construction Operation Transfer of Bushtrica hydropower plant with implementing company Elenergji sh.pk; contract Construction Operation Transfer of hydropower plants on the river Shushica with implementing concession company Shushica Hydropower sh.pk;
- Concession Construction Operation Transfer of Grabova 2 hydropower plant with concession company HK HEC Grabova 2 sh.pk; Concession Construction Operation Transfer of hydropower plants Shutri 1, Shutri 2 with implementing concession company ATEANI Energy sh.pk; Contract Construction Operation Transfer of Lusa hydropower plants from Idrolusa sh.pk; Contract Concession Construction Operation Transfer of hydropower plants on Shala River with implementing company 3 Power Shala sh.pk; Concession Construction Operation Transfer of Veleshica hydropower plant with Kalisi Hydropower sh.pk company
Concession Contract and PPP, in force, data and Documents on Registered Companies for their Implementation, are published in an easily accessible and well-structured format in the Database Concession Register portal OpenCorporates .al portal .
The Excel document of this article has data and information on the basis of which the visualization is done. This document is easily downloadable and free to use. Other AIS databases are spending.data .al; OpenPocurement .al and OpenCorporates .al
https://newsbomb.al/1-miliard-euro-koncesione-per-4-vite-cilat-jane-projektet-dhe-kompanite-qe-jane-dyndur-ne-para-nga-gjoka-te-bardhi-konstruksion-dhe-bushtrica-hydropower-e-plote/
Xi Jinping sends a congratulatory letter to the 2nd China-CEEC Expo
Release time: 2021-06-09 09:41:32 Source: Xinhuanet
On June 8, President Xi Jinping sent a congratulatory letter to the 2nd China-CEEC Expo.
Xi Jinping pointed out that the China-CEEC cooperation mechanism is an important platform for China and CEECs to enhance friendship, expand cooperation and seek common development. In February this year, the China-CEEC Leaders’ Summit was successfully held. I emphasized that under the new situation, China-CEEC cooperation should adhere to a pragmatic orientation, expand mutually beneficial cooperation results, and propose a plan to import a cumulative value of 1,700 from Central and Eastern European countries in the next five years. For commodities worth more than 100 million U.S. dollars, we will strive to double the import volume of agricultural products from Central and Eastern European countries in the next five years, and continue to promote the construction of China-CEEC economic and trade cooperation demonstration zones in Ningbo and other places. With the joint efforts of all parties concerned, the results of the summit are being implemented.
Xi Jinping emphasized that the holding of this China-CEEC Expo is conducive to enhancing the Chinese market’s understanding of Central and Eastern European commodities, is conducive to expanding exports of Central and Eastern European countries to China, and is conducive to all parties overcoming the challenges brought by the new crown pneumonia epidemic and promoting the economy. recovery. It is hoped that all parties will take this opportunity to continuously explore the potential for cooperation and join hands to open up a broader space for cooperation.
The second China-CEEC Expo opened on the same day in Ningbo City, Zhejiang Province, with the theme of "Building a New Pattern and Sharing New Opportunities". The Expo was jointly organized by the Ministry of Commerce and the People's Government of Zhejiang Province. Guests and companies from China and Central and Eastern European countries participated in the exhibition.
(Original title: Xi Jinping sends a congratulatory letter to the 2nd China-CEEC Expo)
Editor: Zhang Guanglin
https://www.yidaiyilu.gov.cn/xwzx/xgcdt/176345.htm
Albania will soon announce the auction for 150 megawatts of wind capacity on the coast
June 08, 2021
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Albania will soon announce the auction for 150 megawatts of wind capacity on the coast
June 08, 2021
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In the coming weeks, Albania will announce the first auction for a large project of wind energy production on the coast, said Lorenc Gordani from the University of Tirana for Business this Tuesday.
The open auction, which was announced by the Ministry of Energy in December 2020, will bring 150 megawatts of wind capacity to the coast, Gordani said.
The potential of wind energy production in Albania has not yet been exploited. Despite permits issued for wind projects exceeding 4,200 megawatts of installed capacity since 2007, Albania has not yet implemented any wind energy projects, Gordani said, Energetika reported.
Irena, the International Renewable Energy Agency has estimated that Albania can install up to 600 megawatts of wind energy capacity by 2030.
Albania still relies on hydropower
Albania is almost completely dependent on hydropower for electricity generation. The installed hydropower capacities reach 2400 megawatts, 1000 megawatts of which are privately owned.
Twenty new private renewable energy projects with a total installed capacity of 227 megawatts were connected to the energy network in Albania in 2020, 18 of these projects were hydropower plants and two other solar projects.
Gordani explained that since the launch of the first solar auction in Albania in 2018, the number of renewable energy projects has increased, and this increase is recorded mostly in the solar sector.
In March, the company Voltalia from France won the tender for the construction of a 100 megawatt photovoltaic park in Albania, offering a significantly lower selling price compared to what was set as the ceiling price in the tender procedure.
In April, the Albanian government approved the construction of two solar projects in the municipality of Fier, each with 50 megawatts of installed capacity.
The state-owned electricity company - KESH, has also announced a tender for the construction and installation of a 5.14 megawatt solar park at the Qyrsaq dam in the north of the country, while another tender for the construction of a new 30 megawatt floating photovoltaic project in Vaun e Dejës will be announced. soon.
Meanwhile, the Norwegian group Statkraft has started generating electricity in what is known as the first floating solar project in Albania.
Gordani said that the capacities of new renewable energy projects in Albania would increase significantly if the region enjoyed a better system of the common energy market.
https://kosovo.energy/shqiperia-se-shpejti-do-te-shpalle-ankandin-per-150-megavat-kapacitete-te-eres-ne-bregdet/
Are Dukagjin 1, 2 and 3 our project?
Look at the table in this pdf.
March 2021.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://v2.balkanrivers.net/sites/default/files/AL_CountrySpecial14%255Bsmallpdf.com%255D.pdf&ved=2ahUKEwjDjseZvojxAhUhppUCHdryA2E4ChAWMAZ6BAgKEAI&usg=AOvVaw1Dw5qgFC-iOAmTi2hJ5ffX
Transcript 16:48, 22-Apr-2021
Green Development: China and Central Eastern European countries pledge cooperation in environmental protection
China and countries in Central and Eastern Europe are marking nearly a decade of cooperation in various fields. And they've designated 2021 as a "Year of Green Development and Environmental Protection." Liu Jiaxin tells us more.
China and 17 countries in Central and Eastern Europe share what they call a "green consensus." This year, they're forging a path of eco-communication.
LIU JIAXIN Beijing "During the inauguration, both sides showed commitment in fighting global warming and vowed to strengthen cooperation among 18 countries in carbon reduction and green development."
SELIM BELORTAJA Ambassador of Albania in China "The earth is our exclusive and common home. The place where we live and work, grow up our children, love and get loved, project our dreams. Its quality and its health are prerequisite for our quality of life and for everything we aspired to achieve."
Last year, China pledged to become carbon-neutral by 2060. Its manufacturing sector remains a major contributor to energy consumption and emissions. And, as the world's largest manufacturer, the goal of carbon neutrality will be one of its biggest challenges in the coming years. This is why, experts say, China is looking to increase investment overseas in renewable energy.
QIN GANG Chinese Vice Minister of Foreign Affairs "The 17 CEE countries each have distinctive features for green development and environmental protection. They have abundant resources for bio-fuel, bio-gas, geothermal, wind and solar energy."
But, like China, these countries are also facing problems with pollution. And some CEE officials say the common goal for better public health is what has led them to push for cooperation with China in green energy. Liu Jiaxin, CGTN, Beijing.
https://news.cgtn.com/news/2021-04-22/VHJhbnNjcmlwdDU0MDk3/index.html
Ues, es the CGGC bigger oversea project. I didnt sure about arab funds were involved here too...
Another path to follow.
About the project...
Interconnection
There is a Silk Road Friendship Envoy in Gezhouba!
Seetao 2020-12-23
Mariano Muso, a foreign employee of Gezhouba, won the title of the first Silk Road Friendship Envoy
Kongla Hydropower Station is a representative project of Gezhouba Group's participation in the construction of the Belt and Road, and is the largest cooperation project between China and Argentina
The relationship between the nations lies in the closeness of the people, and the closeness of the people lies in the communication of hearts. On December 21, 2020, the first "Silk Road Friendship Envoys" ceremony hosted by China International Cultural Exchange Center and People's Daily "Global People" magazine was held in Beijing. Mariano Musso, Public Relations Manager of the Concord Hydropower Station Project of China Energy Construction Gezhouba Group, was awarded the honorary title of "Silk Road Friendship Envoy". Li Pingli, deputy secretary of the company’s party committee and vice chairman, was invited to attend the ceremony and accepted the award on her behalf.
Yang Chuantang, Vice Chairman of the National Committee of the Chinese People’s Political Consultative Conference, Secretary of the Party Leadership Group of the Ministry of Transport, Chairman of the China International Cultural Exchange Center, Fang Jiangshan, Deputy Editor-in-Chief of People’s Daily, Former Vice Minister of the Ministry of Transport, Vice Chairman of China International Cultural Exchange Center, Chairman of the China Institute of Navigation He Jianzhong, Chairman of CITIC Reform and Development Research Foundation, Vice Chairman of the Fifth China International Cultural Exchange Center Kong Dan, Former Deputy Secretary-General of the Standing Committee of the National People's Congress, Chairman of China Overseas Talent Development Foundation Cao Weizhou, Former Executive Deputy of All-China Federation of Industry and Commerce Chairman Sun Anmin and other leaders and diplomatic envoys from more than 30 countries along the Silk Road attended the ceremony.
Under the guidance of the principle of "common consultation, joint contribution and shared benefits," and with the joint efforts of Chinese and foreign builders, the construction of the Belt and Road Initiative has achieved remarkable results and fruitful results. The first ceremony selected ten foreign friendly people and a friendly group to participate in the construction of the One Belt One Road around the world, and awarded the honorary title of "Silk Road Friendship Envoy", telling the story of the Silk Road construction, conveying the Silk Road friendship, and promoting the Silk Road cooperation spirit , To conspire with the beautiful vision of Silk Road.
Mariano Musso, the public relations manager of the Argentina Kongla project of the China Energy Construction Gezhouba Group, was awarded the honorary title of the first "Silk Road Friendship Envoy" in recognition of his contribution to China-Arab exchanges.
Mariano Musso said that the Kongla Hydropower Station has contributed to enhancing the friendship between the people of China and Arab countries and promoting the development of relations between the two countries. I am very honored to be awarded the "Silk Road Friendship Envoy". This recognition means trust, unity and good friendship, means the common interests of the two countries, and means common development in the future.
At the ceremony, Li Pingli accepted the award on her behalf and thanked the organizers for their attention and recognition to the construction of the Belt and Road Initiative of the China Energy Construction Gezhouba Group and the construction of the Conra Hydropower Station in Argentina.
Li Pingli said that in the overseas projects undertaken by the Gezhouba Group, thousands of outstanding builders like Musso have emerged. They work hard and sweat in ordinary positions; they are optimistic and self-confident and become messengers of cultural exchanges between China and foreign countries; they go retrograde, fighting the epidemic and watering the flower of hope. They have devoted themselves to the construction of the Belt and Road, and they are worthy of respect!
Mariano Musso is the Public Relations Manager of the Argentina Kongra Project of Energy China Gezhouba Group. As the person in charge of public relations for the largest China-Arab cooperation project, Mariano Musso has always supported and supported the Belt and Road Initiative, using her professional capabilities to actively promote the construction of the Kongla Hydropower Station project.
Muso has extensive experience and expertise in team management, external liaison, internal communication, strategic coordination and crisis management. In October 2017, with his outstanding personal ability, Musso assumed the position of Chairman of the Public Relations and Institutional Communication Profession in Cordoba Province, Argentina.
The Santa Cruz provincial government, the media, and related agencies where Musso and the project are located have maintained long-term communication and interaction, conveying true and positive voices to the society, promptly dispelling false reports, and effectively conveying the positive aspects of the Kongla Hydropower Project to the society The image and responsible attitude played a key role in the smooth progress of the project.
In 2020, Musso has a new identity. During the epidemic, he turned into an "epidemic supervision coordinator", communicated with the Ministry of Health of San Francisco and related agencies many times, coordinated personnel returning to the site for isolation, nucleic acid testing matters, and communicated with local hospitals to implement epidemic prevention material donations and epidemic prevention experience exchanges, which was effective. Create a responsible and responsible corporate image.
Energy China Gezhouba Group actively implements the One Belt One Road initiative, completes overseas projects with high quality, actively integrates into local society, and builds a bridge between people's hearts. Kongla Hydropower Station is a representative project of Gezhouba Group's participation in the construction of the Belt and Road, and it is a shining pearl on the Belt and Road. It is the largest cooperation project between China and Argentina. During the construction period, it will create about 5,000 direct jobs and nearly 20,000 indirect jobs for the local area. After completion, it will meet the daily electricity demand of about 1.5 million Argentine households.
The new crown pneumonia epidemic poses a threat to the lives of people in all countries and has a serious impact on the world economy and global governance. Kongla Hydropower Station uses Chinese experience and Chinese wisdom to work hand in hand with the local government to fight the epidemic to ensure the steady progress of the project and win unanimous praise. Editor/Sang Xiaomei.
https://www.seetao.com/details/53635.html
https://www.seetao.com/details/53635.html
Carbon peak carbon neutral | Energy China Gezhouba International: Practicing the concept of green development to promote energy low-carbon transition
2021-06-05
Sustainable development is good development. Energy China Gezhouba Group actively implements the new energy security strategy of "Four Revolutions, One Cooperation" proposed by General Secretary Xi Jinping, thoroughly implements the carbon peak and carbon neutral "3060" goals, and leverages the unique advantages of international energy and power construction to accelerate The clean transformation of the energy structure will firmly become the forerunner and vanguard of the world energy revolution, build a beautiful home on the earth, and build a community with a shared future for mankind.
Joining hands with global partners to
develop new energy markets and accelerating energy transition is the general direction of the world's energy development. Gezhouba Group has always been adhering to the cooperation philosophy of Energy China: "The other side has needs, we have advantages, both sides have consensus, and cooperation has a win-win" cooperation philosophy, and actively explore in-depth cooperation with global high-quality partners in key regions and even the world to help the company High-quality development of international business.
New Energy International Investment Alliance was established in Beijing
Based on the global market, international companies deployed ahead of schedule, combined with China's new energy industry superior companies, and led the establishment of the New Energy International Investment Alliance in June 2018, intensified the development of new energy business, and used the alliance’s role as a platform for financing, commerce, and intelligence. Work with partners to promote the "Going Global" of green energy.
The New Energy International Investment Alliance is the first domestic alliance organization that covers the entire life cycle of investment, construction, and operation of overseas new energy projects. It integrates leading companies, financial institutions and consulting institutions related to the entire new energy industry chain to establish information sharing, market development, and A "four-in-one" comprehensive development platform for overseas new energy projects with technical support and investment cooperation.
Since its establishment, the alliance has 17 member units and 6 consulting units. It has signed 28 new energy projects within the alliance, with a total installed capacity of about 4.78GW, fully demonstrating the value creation ability and driving the entire industrial chain of China's new energy industry to go abroad. Strong alliance, complementary advantages, and win-win cooperation.
At the same time, Gezhouba Group takes a global view and accelerates the development of clean energy through multilateral cooperation. International companies have signed cooperation agreements with leading companies in the energy field such as one of the most competitive developers of renewable energy power generation projects in the United Arab Emirates (Masdar), General Electric (GE) of the United States, Siemens Energy and other leading companies to cooperate with global quality The partners jointly expand the market and promote the green and low-carbon transformation and sustainable development of international business.
Seize the international new energy opportunities and accelerate the low-carbon transition.
Starting in 2020, the new crown pneumonia epidemic is raging, and the global energy transition process is accelerating. Major economies have formulated new energy development plans to seize the commanding heights of the new energy market and technology. Gezhouba Group uses the advantages of full-process consulting and integrated investment, construction and operation capabilities to seize global new energy opportunities, accelerate the improvement of the contribution of integrated energy, new energy, energy storage, and hydrogen energy business, and help achieve "carbon peak and carbon neutrality" .
In 2020, Gezhouba Group has overcome the impact of the new crown epidemic, and its international new energy business has achieved growth against the trend. A total of 14 new energy projects have been signed, a year-on-year increase of 126.26%, ranking second among "going out" companies. In 2021, we will continue to forge ahead, strive to achieve more breakthroughs and achieve greater results.
In 2020, the signing of a number of new energy projects such as the 1000MW photovoltaic power plant project in Mexico, the Caihuishan Wind Power Park and photovoltaic power generation project in Beidahe State, Brazil, the Tarang, Wengtuo and Dongdunzhi photovoltaic projects in Myanmar, etc. will be signed.
At the beginning of 2021, international companies signed one of the largest gas-fired combined cycle power plant projects undertaken by Chinese companies overseas, the EPC spot exchange contract for the 1500MW gas combined cycle independent power generation project in Syr Darya, Uzbekistan. Myanmar also signed three photovoltaic projects again to further expand the world. The new energy market has laid a solid foundation.
Giving play to the leading role of regional renewable energy development
Meeting the global power demand in a clean and green way is the only way to transform the global energy structure. Gezhouba Group has always been practicing the concept of green development, giving full play to the advantages of the entire industry chain, undertaking the construction of overseas national hydropower, new energy and other renewable energy projects, and continuing to play a leading role in the development of regional renewable energy.
Construction site of the Conra Hydropower Project in Argentina
In Latin America, the largest China-Arab cooperation project undertaken by the Gezhouba Group, Argentina's Konra Hydropower Station, bears the country's century-old energy dream.
In Asia, the construction of Pakistan's SK, Mohmand, Dasu Hydropower Station, and Malaysia's Paler Hydropower Station is in full swing, and will benefit thousands of people after completion.
The largest hydropower station under construction in Africa, the Kaikai Hydropower Station in Angola, is progressing steadily. After completion, it will greatly alleviate the country's power shortage.
In the Middle East, the Umm Qawan 150MIGD seawater desalination project in the UAE adopts an advanced "membrane" seawater desalination process to reduce power consumption by 20%. It is the world's leading green energy-saving and environmental protection project; the Kuwait Mutra housing infrastructure construction project is located here China introduced the "rainwater collection system" for the first time to build a "sponge city" in the desert, and practice the concept of a green city.
Gezhouba Group will always adhere to the international priority development strategy, continuously improve its overseas business layout, resolutely innovate its business model, devote itself to the development of clean energy, accelerate transformation and upgrading, strengthen international new energy cooperation, and make positive contributions to the green, ecological and sustainable development of the international community contribution.
http://www.cggc.ceec.net.cn/art/2021/6/5/art_6863_2469411.html
China in the Balkans: More than Infrastructure Projects
ECONOMYBY NIKOLA MIKOVIC
June 2, 2021
China is stepping on Europe's nerves by investing in the Balkans.
China’s investments in Balkan countries that are not members of the European Union keep growing. The region remains stuck in the EU’s waiting room, as well as in the Euro-Atlantic sphere of influence, but is using every opportunity to deepen its economic, political, and, to a certain extent, cultural ties with Beijing.
The so-called Western Balkan states – all of them located in the central and southern parts of the Balkan Peninsula, not in the West – have always attracted the interest of the regional actors, Russia, Turkey, and the European Union. The United States, as the major global power, traditionally has the last say in the coal-rich region. Not so long ago, China, through its Belt and Road Initiative (BRI), has expended its partnership with Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia.
The BRI, launched in 2013 by President Xi Jinping in Kazakhstan, aims to connect Asia with Europe and Africa through major infrastructure projects, trade facilitation, financial integration, and cooperation in other areas. In the Balkans, Beijing is mostly interested in infrastructure and energy.
According to the American Enterprise Institute, China’s investments and contracts in Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia amounted to $14.6 billion from 2005 to 2019. The amount is relatively low, given the fact that the European Union still accounts for more than 70% of the overall direct investment in the region. On the other hand, China’s share in the Balkan countries accounts for only 5.7% of the overall trade in the region.
There are, however, fears that the EU could eventually lose its influence in the region. North Macedonia’s president Stevo Pendarovski has recently emphasized that if the EU appears disengaged in the Balkans, other countries would step in. “When you are absent, then the strategic void will be filled by somebody else. Everybody knows whom we are speaking about,” he said.
Back in 2017, Federica Mogherini, an Italian politician who served as High Representative of the European Union for Foreign Affairs and Security Policy, warned that the Balkans can “easily become one of the chessboards where the big power game can be played.”
The game apparently already started, although at this point the West does not force the Balkan countries to pick a side. Indeed, Washington and Brussels have mechanisms to reduce the Chinese influence in the region that is heavily dependent on the European Union. One call from the White House could easily expand the American de facto control over the Balkans, and reduce the Chinese economic presence.
The Washington Agreement, signed by Prime Minister of Kosovo Avdullah Hoti and the President of Serbia Aleksandar Vucic on September 4, 2020 at the White House, clearly demonstrates who the “real boss” is in the Balkans. The agreement committed Belgrade and Pristina not to use equipment supplied by “untrusted vendors” in their telecommunications networks.
Read: How Turkey and Saudi Arabia Compete in the Balkans
It remains to be seen if Serbia will have to eliminate China’s tech giant Huawei completely – with whom Belgrade signed a strategic agreement in 2017 – from the ongoing installation of fixed broadband infrastructure, including the 5G network. For now, the country manages to relatively successfully balance between the West and China.
Serbia, the region’s largest economy that accounts for 44% of regional GDP, already hosts several large Chinese equity investments, most notably the Chinese Hesteel Group’s 2016 purchase of the Smederevo steel mill that was previously owned by the American company U.S. Steel. In addition, China is also involved in some huge infrastructure projects in Serbia, namely the construction of Corridor X, railway and highway sections, Corridor XI highway, as well as Kostolac thermal power plant.
The very fact that the U.S. companies operating in Serbia sold their assets to China is a clear indication that Beijing’s business in the country has Washington’s tacit support, at the very least.
Beijing also owns copper-gold assets in the Serbian town of Bor, which the Chinese Zijin Mining company purchased from the American Freeport-McMoRan Inc. in 2019. The very fact that the U.S. companies operating in Serbia sold their assets to China is a clear indication that Beijing’s business in the country has Washington’s tacit support, at the very least.
It is also worth noting that in June 2020 Serbia has publicly displayed six new military drones purchased from China. Such an action, however, did not seem to worry the United States, given that the Serbian Army has close ties with the Ohio National Guard. In addition, in 2019, Serbia, whose parliament declared armed neutrality in 2007, conducted 13 military exercises with NATO members. One of them, Montenegro, has also developed strong ties with China.
Read: With US Investors Fleeing Latin America, China Steps In
In 2014, the smallest nation in the Balkans took out a loan of nearly $1 billion from the Export-Import Bank of China for the construction of the Bar-Boljare highway that will link the Adriatic Sea and the country’s border with Serbia. The highway, which is located at one of the most challenging landscapes for building in the whole of Europe, will connect Bar, the largest coastal town and harbor in Montenegro, with the Serbian capital Belgrade.
The deal that Podgorica and Beijing signed provides a 20-year repayment period and a six-year grace period, while the first annual repayment of $67.5 million falls in July. So far, Montenegro has paid only 2% of the interest, but the country is already facing a debt crisis. Even though the Balkan state targets 2025 to be ready for E.U. accession, the bloc will not be paying the Chinese loan.
“Through its banks, China has provided the most favorable and competent loans, has offered reputable infrastructure contractors, and has given the possibility for domestic contractors as partners in these projects, allowing local enterprises to be involved,” wrote the former Montenegrin president Filip Vujanovic for the Chinese Global Times.
Still, according to EU figures, Montenegro’s national debt could soar from 65% to around 80% of GDP once its loan from China is fully repaid.
North Macedonia is another Balkan state that relies on Chinese loans. Skopje has reportedly received both Chinese state bank loans and development cooperation funds. It was the first country of the “17+1” cooperation platform, formed between China and Central and Eastern European nations, to make use of the $10 billion credit line made available by China for infrastructure projects.
The Chinese company Sinohydro is involved in the construction of the Miladinovci-Shtip and Kichevo-Ohrid highways, while in Bosnia and Herzegovina, Chinese banks are lending funds for the construction of the privately owned thermal power plant (TPP) in Stanari and an additional block of the TPP Tuzla, which is conducted by Chinese companies.
In Albania, Chinese investments are relatively modest, although Beijing is reportedly playing an active role in the country’s energy and mineral sectors. It is worth noting, however, that in 2015, Montenegro and Albania signed a memorandum of understanding with China’s Pacific Construction Group Co., Ltd. for the construction of the Adriatic-Ionian motorway. Once completed, the road will stretch along the entire eastern shore of the Adriatic and Ionian Seas, spanning the western coast of the Balkan Peninsula from Italy in the north through Croatia, Montenegro, and Albania to Greece in the south.
Despite such enormous projects, China’s role in the Balkan region remains overshadowed by the political actions of the Western powers. The People’s Republic still has very little cultural appeal to young people in the Balkans, and Beijing is unlikely to win the “culture war” against the West in the region. For the foreseeable future, Serbia, Montenegro, North Macedonia, Bosnia and Herzegovina, and Albania, are expected to remain in the Western geopolitical orbit, while every major Chinese investment in the Balkans will likely be a product of the lucrative deals between Beijing and Washington.
https://politicstoday.org/china-in-the-balkans-more-than-infrastructure-projects/
Chen Xiaohua was invited to attend the 2021 spring meeting of the International Finance Forum
Date: 2021-05-30
On May 30th, Chen Xiaohua, Secretary of the Party Committee and Chairman of the Group Co., Ltd. was invited to attend the International Finance Forum (IFF) 2021 spring meeting held in Beijing, and delivered a speech on the theme of "Infrastructure Construction and Free Trade" at the Silk Road International Alliance Conference .
The conference was held in a combined online and offline manner, with the theme of "Post-epidemic Era: Global Governance and International Cooperation". In addition to the opening ceremony and the plenary session, 13 special discussions were held on topics related to global sustainable finance. , Global Anti-epidemic Cooperation, Global Climate Cooperation, Carbon Neutrality, Digital Currency, Global Economic Pattern Changes and Challenges, Green Silk Road and other fields.
United Nations Secretary-General Guterres, International Monetary Fund President Georgieva, Chairman of the International Financial Forum, Vice Chairman of the 12th National Committee of the Chinese People’s Political Consultative Conference, Zhou Xiaochuan, Former Governor of the People’s Bank of China, Chairman of the Global Alliance for Vaccines and Immunization, Former Portuguese Prime Minister Barroso, former US Treasury Secretary, and Paulson Foundation founder and chairman Henry Paulson, and more than 20 heads of international institutions, foreign heads of state and former politicians attended. Financial leaders, experts and scholars from well-known financial institutions at home and abroad, such as the World Bank, IMF, WTO, Asian Infrastructure Investment Bank, Asian Development Bank, People's Bank of China, China Banking and Insurance Regulatory Commission, and China Securities Regulatory Commission, attended the meeting.
At the Silk Road International Alliance Conference, Chen Xiaohua introduced the overall situation of the China Energy Construction Gezhouba Group and international business development to the guests, and shared his understanding of "infrastructure construction and free trade" in the post-epidemic era. Chen Xiaohua said that in the eight years since the “Belt and Road” initiative was put forward, infrastructure construction and free trade, as an important part of the “Belt and Road” construction, have achieved rapid development. However, as economic globalization enters an adjustment period, superimposed on changes in relations between major powers and the outbreak of the new crown epidemic, uncertain factors affecting the construction of the “Belt and Road” have increased significantly, and have brought many adverse effects on the infrastructure construction and free trade of countries along the route.
In order to respond to crises and challenges, develop infrastructure in a sustainable manner, promote trade and investment liberalization and facilitation, and promote the high-quality development of the “Belt and Road”, Chen Xiaohua puts forward four suggestions: First, we must unswervingly promote and strengthen the international market. Comprehensively coordinate and cooperate to advance the development of globalization and regional integration; second, we must attach great importance to the investment and construction of infrastructure, promote the recovery of the global economy after the epidemic, and provide good hardware support for the development of free trade; third, all parties should work together to promote the foundation The joint development of facility construction and free trade has injected new development momentum into the construction of the “Belt and Road”; the fourth is to strengthen financial innovation, introduce social capital, play the role of high-end platforms such as the International Financial Forum and its affiliated Silk Road International Alliance, and promote high-quality promotion "One Belt One Road" construction.
Chen Xiaohua said that as a globally competitive multinational enterprise group, Energy China Gezhouba Group will base itself on the new development stage, implement new development concepts, and integrate into the new development pattern. The principle of "win-win", give full play to the leading advantages in planning and design, investment and financing, project contracting, management consulting, technology research and development, equipment manufacturing, etc., carry out comprehensive strategic cooperation with governments, enterprises and financial institutions of various countries to jointly respond to the post-epidemic era We will jointly explore new measures and mechanisms for the sustainable development of global infrastructure and free trade, and contribute to the high-quality promotion of the “Belt and Road” construction, the reconstruction of an open world economy, and the promotion of “building a community with a shared future for mankind” Wisdom and strength.
It is reported that the International Finance Forum (IFF) is an international forum organization headquartered in Beijing. Since its inception in 2003, it has held 17 global annual conferences, with more than 50 countries and regions, more than 50 international and regional organizations, and 200 Many global financial leaders maintain close contact and have extensive influence in promoting international financial strategic dialogues, exchanges and cooperation, and academic research. They are known as the "F20 (Finance 20)" in the global financial field. The Silk Road International Alliance (SRIA) was initiated by the IFF and won the United Nations, the Asian Infrastructure Investment Bank (AIIB), Han Shengzhu, Rudd, Shaukat Aziz, Hatoyama Yukio, Jenny Shipley, Liang Zhenying, More than 20 former politicians, experts, scholars, economic and financial institutions and business leaders from countries along the “Belt and Road”, including Gu Shengzu and Jin Liqun.
http://www.cggc.ceec.net.cn/art/2021/5/30/art_6863_2464028.html
China and Arab countries jointly build the “Belt and Road” to create a community with a shared future for China and Arab countries in a new era
2021-06-05 11:03:13
China-Arab friendship has a long history, and it will last forever. Although the two major ethnic groups of China and Argentina are far apart, they are as close as one family. On June 5, 2014, President Xi Jinping attended the opening ceremony of the 6th Ministerial Conference of the China-Arab Cooperation Forum and delivered an important speech entitled "Promoting the Spirit of the Silk Road and Deepening China-Arab Cooperation", and proposed for the first time the initiative to build a China-Arab community with a shared future. Over the past seven years, China-Arab States and Israel have taken concrete actions to promote the building of a China-Arab community with a shared future and continue to deepen and realize the benefits of the people.
Treat each other with sincerity and help each other
At the Bandung Conference more than 60 years ago, China pledged to Arab countries that have not yet established diplomatic relations to support the struggle of the Palestinian people; 50 years ago, 13 Arab countries and African friends voted in favor of the restoration of the United Nations seat by New China. Over the past few decades, nearly 10,000 Chinese doctors have been rushing through the fields and countryside of Arab countries to rescue the wounded; after the devastating Wenchuan earthquake in Sichuan, the Arab brothers generously assisted... In the time and space exchanges, China and Arab countries have treated each other with sincerity and watched and helped each other.
At the beginning of 2016, President Xi Jinping paid a historic visit to the three Middle East countries. In particular, he delivered an important speech at the headquarters of the Arab League. Focusing on "Where is the Middle East going" and centering on the two major themes of peace and development, he proposed that "the key to resolving differences is to strengthen dialogue." "To solve the problem, the key is to accelerate development." "The choice of the road, the key to be in line with the national conditions." The Chinese plan, which addresses both the symptoms and root causes and comprehensively implements policies, has aroused enthusiastic responses in the Arab world.
In 2018, at the opening ceremony of the 8th Ministerial Conference of the China-Arab Cooperation Forum, President Xi Jinping stood at the historical height of the unity and rejuvenation of developing countries, focused on the long-term interests of both sides, and drew a new blueprint for the future development of China-Arab relations. The proposal is to build a China-Arab community with a shared future from four aspects: enhancing strategic mutual trust, realizing the dream of rejuvenation, achieving mutual benefit and win-win, and promoting inclusiveness and mutual learning, so as to contribute to the building of a community with a shared future for mankind; call on all parties to accurately grasp the historical trend and sincerely respond to the voices of the people , Together to promote the Middle East region to embark on a new path of comprehensive revitalization.
In the past year or so, President Xi Jinping has made more than 10 calls and exchanged letters with a number of Arab heads of state for nearly 20 times, giving directions for the development of China-Arab relations. The two sides firmly support each other, jointly safeguard the purposes and principles of the UN Charter, and jointly safeguard multilateralism, fairness and justice. At the UN Human Rights Council, which ended not long ago, 21 Arab countries and many developing countries joined forces to voice their justice in support of China.
"China has proved that it is a good friend, good partner, and good brother of Arab countries with practical actions. Therefore, Afghanistan and China can realize the interaction of civilizations." China expert, "Civilization Following-China's Rise and the Future of Arabs" 1 The author of the book, Samir Ahmed, commented on the friendship between Afghanistan and China in this way: “The two sides adhere to dialogue and communication in an open and inclusive attitude, and become a model of harmonious coexistence in the international community.”
Complementary advantages and win-win cooperation
In the long river of history, the ancient Silk Road has become a link connecting the people of China and Afghanistan. In the new historical period, as a natural partner in the joint construction of the "Belt and Road", the unique advantages and synergistic effects of China-Arab cooperation and development have been further highlighted.
In June 2014, President Xi Jinping proposed at the 6th Ministerial Conference of the China-Arab Cooperation Forum that China and Arab countries should jointly build the “Belt and Road”, with energy cooperation as the main axis, and infrastructure construction, trade and investment facilitation as the two wings. The "1+2+3" cooperation pattern, which takes nuclear energy, aerospace satellites, and new energy as breakthroughs in the three high-tech areas, points out the direction for China-Arab cooperation.
Over the past few years, the place where the construction of the “Belt and Road” has been implemented has shown a colorful and vibrant appearance, and has yielded many fruits. At the first phase of the project in the Central Business District of Egypt’s new administrative capital, trucks shuttled, tower cranes rotated, and machines roared. In the once uninhabited desert, the “architectural miracle created by Egypt and China” attracted the attention of the world; in Dubai, UAE, Hasyan The clean coal-fired power station project has officially entered the commercial operation stage; in Qatar, the construction of the Lusail Stadium, the main stadium of the 2022 World Cup, has not stopped, and the Arab golden bowl shape has already taken shape; Egyptian fresh orange, Syrian rose products, Tunisian olive oil, Special products from Arabian countries such as Saudi date palms are becoming more and more popular with Chinese consumers, and the demand continues to grow...
In 2020, the trade volume between China and Arab countries is close to 240 billion U.S. dollars, and China is firmly ranked as the largest trading partner of Arab countries; China imported 250 million tons of crude oil from Arab countries, accounting for half of China's total imports during the same period. 5G, big data, artificial intelligence, aerospace and other high-tech cooperation are in the ascendant, and the recognition of Chinese products, Chinese technologies, and Chinese standards has continued to increase.
Guided by the action concept of peace, innovation, leadership, governance, and integration, China has become a builder of peace in the Middle East, a promoter of development in the Middle East, a booster of industrialization in the Middle East, a supporter of stability in the Middle East, and a cooperative partner of the Middle East.
In July last year, the 9th Ministerial Conference of the China-Arab Cooperation Forum was successfully held. The two sides planned for the next two years for practical cooperation and common development, and reached a total of 107 cooperation measures in 20 major fields including politics, economy and energy. . This year is the first year of China’s 14th Five-Year Plan. China will work with the Middle East countries to promote the high-quality joint construction of the “Belt and Road” and the convergence of regional and national plans, and will give full play to the advantages of the Middle East as the intersection of the land and sea Silk Roads. The Middle East countries are opening up to the east and China is expanding cooperation to the west. The two sides complement each other's strengths and are mutually beneficial and win-win.
Overcome the difficulties hand in hand
Knowing pines and cypresses in the cold year, see the true love in adversity. Faced with the challenge of the epidemic, China and Arab countries are in the same boat, watching and helping each other, firmly supporting each other and carrying out close cooperation.
King Salman of Saudi Arabia is the first foreign head of state to call President Xi Jinping to support China’s fight against the epidemic; Burj Khalifa, the world’s tallest building in the UAE, issued encouraging slogans such as "Come on Wuhan", making the Chinese people feel even more warm...
After the outbreak of the epidemic in the Middle East, China rushed to help, promptly and quickly provided a large number of anti-epidemic materials such as ventilators, testing reagents, forehead guns, masks, eye masks, and protective clothing to regional countries, and dispatched more than one hundred medical expert teams to 9 countries in the region. More than 60 video conferences of health experts have been held in countries in the same region...
As early as June 2020, China cooperated with the UAE to carry out the world's first phase III international clinical trial of the new crown inactivated vaccine. Subsequently, Bahrain, Morocco and other countries have also joined this trial in a race against the virus. Today, Chinese vaccines have been shipped to more than 10 countries in the Middle East, which strongly supports the fight against the epidemic in regional countries. Hala Zayed, the Minister of Health and Population of Egypt, lamented that the vaccine provided by China is "a moment of life at stake!"
Saudi Foreign Minister Faisal said: “In the face of the epidemic, the Saudi Arabia and the Chinese Communist Party have overcome the difficulties and made great progress in cooperation in various fields. This reflects the deep and strong friendship between Saudi Arabia and China and the golden content of the comprehensive strategic partnership between the two countries.” The Deputy Secretary-General of the League of Arab States, Husam Zaki, said: "I am very happy that the Arab-Chinese relations have reached such a high level as today"... A sentence comes from the heart and is unforgettable. The scenes of China and Arab joint efforts to fight the epidemic have once again proved that no matter how the international situation changes, China and Arab countries will always be good partners for mutual benefit and good brothers who share weal and woe.
At the Ninth Ministerial Meeting of the China-Arab Cooperation Forum, China and Arab states jointly announced that they would work together to build a China-Arab community of shared future for the new era, and agreed to hold the first China-Arab summit, injecting new and powerful impetus into the development of the China-Arab strategic partnership.
The story of the shared fate of China and Argentina is opening a new chapter. As the Arabic proverb says: "Arrival is often the beginning of the real journey." China and Arab countries are using practical actions to fulfill their solemn commitments to build a China-Arab community with a shared future; with pragmatism and sincerity, the history of human civilization exchanges is written in full color. New chapter.
(Original title: Building a China-Arab community with a shared future in a new era )
https://www.yidaiyilu.gov.cn/xwzx/hwxw/175938.htm
The energy price will increase too.
Wow!!! 1 share traded!!!
And when you think that here there werent pump&dump, reverse split or share dilution... hmmm
Something good is happening behind scene... IMHO
It makes me wonder
Managment dont talk about its project lately.
All that we know is by anotjer actors like ambassador, ministries, otjers enterprises involved, legals buffets.
I still believe that it will be bigger than we think.
We are only looking for Albania, but in the MOU signed years ago with Power China are mentioned anorher countries... Ive missed the path.
If im not wrong those countries were Sudan, Argentina (my country), Nepal... Im not sure.
Nice volume!!!
Energy production doubles and exports triple
16:20 23/05/2021
Electricity has doubled production in the first three months of this year, while exports increased by 3.3 times, making a significant contribution to the country's national production.
According to the data of the Institute of Statistics, the good rainfall situation in January-March of this year produced 3,344 Giga Watt hours of energy compared to 1,546 Giga Watt produced a year ago.
Production growth has been largely supported by public hydropower plants, which account for 56% of the energy sold and 44% to private producers. Imports in the first half of the year were minimal, while exports reached the highest value of the last 3 years.
The use of electricity has also increased in this period, supported mainly by businesses, which a year ago had minimal consumption due to the quarantine situation of the country.
In total, the energy used increased by 8.8%, but the losses in the distribution network also increased, where the technical ones increased by 8%, while the thefts decreased by 2.6% compared to the same period in 2020.
Tv Klan
https://7gylvvcadpbsld2qoxkwdbx6c4-ac5fdsxevxq4s5y-tvklan-al.translate.goog/dyfishohet-prodhimi-i-energjise-dhe-trefishohen-eksportet/
Licensing of hydropower plants leads to disciplinary proceedings the director of ARPL, Gani Berisha
23 May 2021, 19:14
Seven allegations of breach of duty have been listed to the Director of the Regional River Basin Authority, Gani Berisha. For these, disciplinary proceedings have been initiated against Berisha and a decision on the next steps is expected next week.
https://www.koha.net/arberi/272235/licencimi-i-hidrocentraleve-con-ne-procedure-disiplinore-drejtorin-e-arpl-se-gani-berisha/
Feride Istogu, Gillesberg: Memoirs of diplomat Hajdar Muneka: China and Albania in recent decades, viewed from today's perspective of the "Belt and Road" initiative
Read the article
https://telegraf.al/speciale/feride-istogu-gillesberg-kujtimet-e-diplomatit-hajdar-muneka-kina-dhe-shqiperia-ne-dekadat-e-fundit-veshtruar-nga-perspektiva-e-sotme-e-nismes-brezi-dhe-rruga/
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Shkodra needs a package of investment projects
May 12, 2021 13:16
The conception of a program based on the vision that Shkodra turns into a city and region with year-round tourist activity, and not only during the summer. (Use of Lake Shkodra even during the winter, use of Velipoja, Shiroka - Zogaj, museum centers in the city, cultural heritage, tourist spots such as Razëm, Boge, Theth and Kelmend, Expensive Bridge, Shegan Eye, Rec, Drisht , Sarda island, HEC Vau Dejes Lake with 4 dams (Qyrsaç, Zadejë, Rragam and Gjenç, which unfortunately today are not used for tourism in the name of secrecy as objects of special importance, although millions of euros have been spent on their reconstruction and strengthening ), HEC Koman lake, Shala River, Cukal Mountains (Lake Field) etc.
http://www.gazetadita.al/shkodra-ka-nevoje-per-nje-pakete-projektesh-me-investime/
Nice Volume today
Yes, he is the same.
He is a prominent figure in the Islamic energy finance world.
Do you remember him?
Hani Salem Sonbol
Egypt signs ITFC's 2021 program for $1.1B
BY
CAIRO – 13 January 2021: Egypt signed the International Islamic Trade Finance Corporation's (ITFC) program for 2021 to provide integrated financing solutions to Egypt for $1.1 billion, according to Ministry of Planning.
The program was signed by CEO of the ITFC Hani Salem Sonbol, and Executive Vice President of the Egyptian General Petroleum Corporation (EGPC), Ashraf Abdullah, and Vice-Chairman of the Board of Directors of the General Authority for Supply Commodities (GASC) Ahmed Youssef.
Minister of Planning and Economic Development, Governor of the Arab Republic of Egypt at the Islamic Development Bank Group Hala El-Saeed, Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, Ali Moselhi, Minister of Supply and Internal Trade, Minister of International Cooperation, Rania Al-Mashat, and Minister of Trade and Industry Nevine Gamea, witnessed the signing ceremony via video conference.
El-Saeed said that the signing includes the provision of funds and a package of projects and programs aimed at facilitating trade, building capacities, institutional support, and enhancing the competitive capabilities of various sectors related to foreign trade. It also aims to implement projects to digitize commercial operations and improve the performance of value chains in the cotton sector in Egypt, in partnership with the United Nations Industrial Development Organization (UNIDO).
Moreover, the program promotes women's entrepreneurship through the Women in Global Trade (SheTrades) program, which the Foundation supervises its implementation within the framework of the Aid for Trade Initiative for Arab Countries (Aftiyas) program.
She added that the signing of the annual work program within the framework of the strategic partnership between the Egyptian government and the International Islamic Trade Finance Corporation comes under the framework agreement concluded between the two sides in 2018.
Through it, the International Islamic Trade Finance Corporation has provided financing for $3 billion for five years to provide basic food commodities, crude oil products, and petroleum products, enhance internal value chains, accelerate the growth of small and medium enterprises and develop trade.
Egypt is the third-largest beneficiary of the total appropriations from the Islamic Development Bank Group (IsDB), amounting to $12.7 billion, according to El-Saeed.
The Planning Minister, who is also Egypt’s Governor at IsDB, said that Egypt is one of the bank’s founding members, joining the bank’s membership in 1974. The country also has a permanent seat on the IsDB’s Board of Executive Directors.
The minister added that Egypt is the bank’s seventh-largest contributing country, and the owner of the largest number of shares, with 357,965. The country’s share reflects 7.07 percent of the bank’s capital subscription, amounting to $5 billion.
El-Saeed praised the remarkable development activity of the institution, as well as the good rate of implementation of the financing programs presented to Egypt, and the successful course of work between Egypt and the International Islamic Trade Finance Corporation, as that process has so far resulted in a financing cooperation portfolio between Egypt and the Foundation, worth $11.2 billion.
For his part, El-Molla, expressed his appreciation to the International ITFC for its keenness and continuous support for the petroleum sector to contribute to the performance of its vital role entrusted to it to meet the country's needs of crude oil, petroleum products, and butane.
He praised the essential role of the ITFC in the work of social and economic development in Egypt, noting that 5 framework agreements were signed with Egypt represented by the Ministry of International Cooperation, with a total value of $9.2 billion. These include the fifth framework agreement signed at the end of January 2018 at a value of $3 billion.
Furthermore, Moselhi, praised the role of the Ministry of International Cooperation for its full support of these agreements and praised the Foundation's role in helping to provide basic food commodities, which contributed to strengthening the strategic reserves, wishing for continued fruitful cooperation between Egypt and the International Islamic Trade Finance Corporation.
Al-Mashat, said that the programs implemented by the International Islamic Trade Finance Corporation in Egypt enhance development plans and support the trade sector. It also improves indicators of economic and commercial cooperation among the member states of the ITFC, in light of the great role of the trade sector in enhancing economic efficiency.
For her part, Nevine Gamea affirmed the government's keenness to strengthen cooperation frameworks with various global and regional financial institutions, on top of which is the ITFC.
She pointed out to Egypt's endeavour to maximize the benefit from all programs. The financing is provided by the corporation, especially in the areas of developing the small and medium enterprises sector, industrial projects, and trade promotion programs.
Gamea noted that the cooperation programs focus on implementing three initiatives, such as the "Better Cotton" initiative aimed at increasing the competitiveness of Egyptian cotton in global markets. The other two initiatives are namely, the "Women in International Trade" initiative, "She Trades", with the aim of economic empowerment of Egyptian women by raising the exports of the companies that they own in the sector.
“This latest financing is of exceptional importance especially given the implications of the Covid-19 pandemic on local trade ecosystems. There are many companies, including SMEs, and exporters who have been severely affected by this pandemic, and we, by ensuring the availability of import of basic commodities, will also be able to focus on reviving trade,” CEO of the International Islamic Trade Finance Corporation, Hani Salem Sonbol, said.
Sonbol explained that this program comes within the framework of the fifth agreement signed in 2018 with Egypt. Since 2008, the International Islamic Trade Finance Corporation has provided financing facilities of $ 9.361 billion, mainly aimed at covering the import needs of oil and refined petroleum products, in addition to the basic raw materials required for the manufacture of food products such as wheat.
The program will support the Egyptian government's efforts to advance the economic recovery in Egypt in light of the repercussions resulting from the Covid 19 pandemic, which will lead to improving social and economic development initiatives and internal trade, as well as importing basic commodities such as food, crude oil, and petroleum products.
What distinguishes the program for the year 2021 is its focus on integrated trade solutions, which aim to support the Egyptian entities benefiting from the commercial finance provided by the corporation through projects that will be agreed upon and implemented during 2021. These projects and activities will provide institutional support, build capacities, and raise the skills of those working in these beneficiaries of the funding. The focus during 2021 will be on the priority sectors to be identified by the Egyptian government.
https://www.egypttoday.com/Article/3/96387/Egypt-signs-ITFC-s-2021-program-for-1-1B
Falak will get us insanes!!!LOL
Joe isnt it the same interview posted in #88729 dated february 14th 2021?
Energy China Gezhouba Group was elected as the vice chairman unit of "China One Belt One Road Network Council"
Date: 2021-05-07
On April 30, the inaugural meeting of the China One Belt One Road Network Council was held in Beijing. Ning Jizhe, deputy director of the National Development and Reform Commission and deputy director of the Office of the Leading Group for Promoting the “Belt and Road” construction work, attended the meeting and delivered a speech. Energy China Gezhouba Group was elected as the vice chairman unit of "China One Belt One Road Network Council".
Ning Jizhe pointed out that the establishment of the China Belt and Road Network Council is an important measure to promote China's One Belt and One Road network to become better, stronger and bigger, and it is also an effective way for all units to participate in the construction of the "Belt and Road". The council should continue to expand service channels and areas, effectively improve service levels, and build China's One Belt One Road Network into an authoritative information release platform, policy interpretation platform, information service platform, and international exchange platform for the joint construction of the “Belt and Road” initiative.
As one of the leading companies in the “Belt and Road” construction, Energy China Gezhouba Group has implemented a large number of major projects and landmark projects in key areas such as overseas infrastructure construction, energy development, and international capacity cooperation, with operations in 142 countries and regions around the world , To make outstanding contributions to the joint construction of the "Belt and Road".
It is reported that the China One Belt One Road Network Council was approved by the Leading Group for Promoting the “One Belt and One Road” construction. Under the guidance of the Office of the Leading Group for Promoting the “One Belt and One Road” construction, it was initiated and managed by the National Information Center, and 16 central enterprises joined The non-physical cooperation platform aims to attract enterprises and institutions to participate in website construction, enrich the source of website content, expand external communication channels, tell Chinese stories to the outside world, jointly build the "Belt and Road" story, and at the same time create "going out" for all member units High-quality brands provide necessary services and support to achieve a "win-win" in website construction and member unit development.
http://www.cggc.ceec.net.cn/art/2021/5/7/art_6863_2446973.html
Energy China signed 243.872 billion yuan in new contracts in the first quarter, a year-on-year increase of 90.96%
Date: 2021-04-20
On April 19, Energy China issued an announcement that in the first quarter of 2021, the company's newly signed contracts amounted to approximately RMB 243.872 billion, an increase of 90.96% year-on-year.
Among them, by region: the value of newly signed domestic contracts was RMB 166.313 billion, accounting for 68.20% of the total value of newly signed contracts; the value of newly signed international contracts was equivalent to RMB 77.559 billion, accounting for approximately 31.80% of the total value of newly signed contracts.
Divided by business: the value of newly signed contracts for the power engineering business was RMB 116.882 billion, accounting for approximately 47.93% of the total amount of newly signed contracts; the value of newly signed contracts for the non-electrical engineering business was RMB 126.99 billion, accounting for approximately 52.07% of the total amount of newly signed contracts.
http://www.cggc.ceec.net.cn/art/2021/4/20/art_6858_2437915.html
china gezhouba group website
http://en.gzbgj.ceec.net.cn/
Dubai related article
Energy China Design participated in the construction of Dubai Hasyan Clean Coal-fired Power Plant Project Unit 2 successfully connected to the grid
At 14:38 on May 3, local time, the Dubai Hasyan 4 × 600,000-kilowatt Clean Coal-fired Power Plant Project (hereinafter referred to as the " Hasyan Project") No. 2 designed by the Northeast Research Institute of Energy China and constructed by Tianjin Power The unit was successfully connected to the grid for the first time. The system parameters of the unit were normal, the equipment was running smoothly, and the running quality was excellent.
As a key project of “One Belt One Road”, the Hasyan project will become the first clean coal-fired power station in the Middle East after its completion. The successful connection of Unit 2 to the grid is another major progress made after the first unit was connected to the grid on May 18, 2020.
The Hasyan project is equipped with 4 ultra-supercritical units with a total installed capacity of 2.4 million kilowatts. It is capable of completely burning coal or natural gas. It is the first power station in the world to realize dual-fuel full-load power supply. All 4 units will be put into commercial operation in 2023. After being put into operation, they can provide Dubai with 20% of the electric energy, guarantee the energy supply of Dubai and realize the diversification of energy structure.
http://www.cggc.ceec.net.cn/art/2021/5/7/art_6858_2446458.html
Look at post 88605 and 88604 too.
But its ok. You are free to tell me what you want...
Im not here to denate with nobody.
GLTY
EU commissioner floats shift on Albania membership talks
Move would leave North Macedonia out in the cold due to Bulgarian blockade.
The European Commission has raised the prospect of starting EU membership talks with Albania while keeping its neighbor North Macedonia on hold due to a dispute with Bulgaria.
Such a move, floated by Enlargement Commissioner Olivér Várhelyi, would be highly controversial as EU officials consider North Macedonia has made more progress toward EU standards than Albania.
The approach is opposed by other EU officials and by many member countries, including key players such as Germany. During a recent meeting of EU ambassadors that discussed the Balkans, not one of the 10 envoys who spoke in the debate mentioned the idea, according to one diplomat.
However, by floating the option, Várhelyi has revived a debate about the EU’s enlargement process, which is widely seen as having stalled in the Western Balkans. That has prompted fears among officials and diplomats that the EU’s sway in its own neighborhood is declining and Russia and China will fill the void.
A discussion paper from the EU’s diplomatic service, circulated ahead of a meeting of EU foreign ministers on Monday that will discuss the Western Balkans, warns that “the people in the region are experiencing a sense of deep disappointment in the enlargement process” and a “perception of tardy EU delivery of the COVID-19 vaccines has further fed a narrative of disillusionment.”
The so-called non-paper, seen by POLITICO, says “a strong EU presence is the best way to prevent the Western Balkans from drifting away.”
But the bloc’s standing in the region will hardly be enhanced by senior officials openly disagreeing on how to handle North Macedonia and Albania.
EU governments gave both countries the green light for talks more than a year ago but told Albania it had to undertake more democratic reforms before negotiations could begin.
Since last November, Bulgaria has blocked the start of negotiations with North Macedonia as part of a dispute that covers language and history.
Decoupling denounced
Várhelyi, Hungary’s commissioner in Brussels, floated the idea of “decoupling” the two membership applications earlier this week in comments to broadcaster Euronews. That prompted a swift pushback from other EU officials, who insisted it was unwise and unviable, and that there was no plan to pursue it.
To become a reality, decoupling would need the support of all the EU’s member countries — something it clearly does not have at present. On Friday, Germany’s Europe Minister Michael Roth made clear Berlin did not share Várhelyi’s view, saying both North Macedonia and Albania should begin talks in June.
“Both countries have delivered on required reforms — now #EU has to deliver, too. Further delay undermines EU credibility+stability in the region,” he tweeted, alongside a video clip of Várhelyi setting out his stance.
Slovak Foreign Minister Ivan Korcok declared that “credible EU enlargement policy” should be about abandoning “the veto in the Council” — a clear reference to the Bulgarian blockade.
North Macedonia’s government also made plain it was not impressed with the commissioner’s move. “My country has fulfilled all the conditions that were set, in line with European values, as has been repeatedly confirmed by the Commission itself,” Deputy Prime Minister Nikola Dimitrov said.
“The case of North Macedonia is a credibility test for the EU in the Western Balkans,” he added. “Will the EU keep its promises?”
Várhelyi, however, seems to be sticking to his stance. At a news briefing on Friday, a spokeswoman for the commissioner, Ana Pisonero, reiterated his view that decoupling could be an option.
“It’s true that he pointed out that, of course, should there not be an agreement in the case of North Macedonia, this might be something that might need to be considered,” she said, while noting the decision was “completely in the hands” of member states in the Council of the EU.
But while there is broad opposition among EU members to decoupling at present, some diplomats predicted the EU may end up having to reconsider if a deal can’t be found that lifts the Bulgarian blockade. “What is clear is that decoupling is not an option now, the rest is to be seen,” said a diplomat.
Hans von der Burchard and Andrew Gray contributed reporting
https://www.politico.eu/article/eu-commission-albania-membership/
I'm sorry...
Investments in energy / 19 ongoing projects with Albanian and foreign funds
from Maela Marini -05/07/2021
TIRANA, May 7 / ATS / Investments in energy and development of new and advanced technologies remain a priority of the Transmission System Operator.
Prime Minister Edi Rama focused today on investments in energy where, among other things, in the process of implementation are two major investments with foreign capital, the wind farms of Karavasta and Spitalla.
With 3355 km of transmission lines and 9850 MWh of transmitted energy, the TSO continues to invest in technology improvements.
Currently 17 projects are in the process of investments with OST funds and 2 projects are in the process of implementation as investments with foreign funds. / mm / re /
https://ata.gov.al/2021/05/07/investimet-ne-energjetike-19-projekte-ne-proces-me-fonde-shqiptare-dhe-te-huaja/
Did you ever see this website?
http://albcold.gov.al/
We will talk about these two companies in a near future.
The second one is a merger specialist. Take a look...
https://properties.emaar.com/en/
(Falaknaz is clearly involved here)
https://www.symphonyinvestmentpartners.com/
And their mega project in Albania.
https://www.portseurope.com/two-uae-companies-with-the-same-owner-are-named-as-investors-in-controversial-project-for-durres-port/
Its really hard to find something more close to our project these days.
Falaknaz is a great poker player. LOL
The Vice President of CGGC International Visits CEO of Masdar, UAE
Date:2021-03-26
On the 24th of March local time, Mr Chen Xiangdong, the Vice President of CGGC International, has visited to Masdar in the United Arab Emirates and met with CEO Mohamed Jameel Al Ramahi; The parties had an in-depth exchange of views on strengthening global clean energy cooperation and reached several consensuses.
Mr Ramahi extended his warm welcome to the delegation and gave a detailed introduction about Masdar's business and key development plans. He said that since the signing of the strategic cooperation agreement in January to advance strategic cooperation in renewable energy globally, the parties are cooperating on several projects. CGGC International is a world-leading international engineering company with strong competitiveness in the global renewable energy sector and a trustworthy global strategic partner of Masdar. CGGC International and Masdar share similar development philosophy and broad business advantages. He expressed the hope that the two parties will leverage their professional, investment and financing advantages and will strengthen practical cooperation in solar projects, wind farms, energy storage projects, seawater desalination projects and waste-to-energy projects.
Chen Xiangdong briefed Mr Ramahi on the Company's business status and the progress of the International Investment Alliance for Renewable Energy (IIARE). He said that as a positive response to the “Belt and Road” Initiative, IIARE is dedicated to promoting international renewable energy projects to meet the global power demand in a clean and green manner and to help the transformation and upgrading of the global power structure. During its 14th Five-Year Plan period, CEEC will continue to prioritize the development of international business, especially in the renewable energy sector and investment sector. As the core international platform of CEEC and the president company of IIARE, CGGC International is willing to work with Masdar in key regions and in key business areas to achieve mutual benefit and win-win cooperation.
Fawaz Al Muharrami, Executive Director of Clean Energy in Masdar, Mohamed Al Shehhi, Head of the Investment and Development Team, and relevant principals of the Global Power Business Unit attended the above activities.
http://en.gzbgj.ceec.net.cn/art/2021/3/26/art_23066_2434246.html