Sinohydro (original) (raw)
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Chinese state-owned hydropower engineering and construction company
Sinohydro Corporation
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|---|---|
| Company type | State-owned |
| Traded as | SSE: 601669 |
| Industry | Civil engineering |
| Founded | 1950 (1950) |
| Founder | Hydrochina CorporationSinohydro Group Ltd.  |
| Headquarters | Beijing, China |
| Area served | Worldwide |
| Key people | Song Dongsheng (宋东升) (Chairman) |
| Website | www.sinohydro.com |
Sinohydro (Chinese: 中国水电; long form: 中国水利水电建设集团公司) is a Chinese state-owned hydropower engineering and construction company. In the 2012 Engineering News-Record Top 225 Global Contractors, a ranking by annual revenue, the company is 14th by overall position, and 6th among Chinese construction companies.[1]
The company was founded in 1950, and is based in Beijing, China.
International expansion
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The company has gone on the path of international expansion, becoming a "face of China expansion" across the world by pursuing operations in 55 countries across Asia, Africa, Europe (from the European headquarters of Belgrade, Serbia), North America, and South America.[2]
In the course of international expansion, the company has run into bumps ranging from political risk to environmental controversy. Workers of the affiliated company Power Construction Corporation were abducted in 2012 by the Sudan People's Liberation Movement-North while building a road in Sudan. In a Daily Star article dated Aug 4, 2014, the company admitted to being under temporary debarment by the World Bank in response to a query by Bangladesh government with reference to a bid placed for the Padma Bridge project.[_citation needed_]
In Malaysia, the company worked on a joint venture with Sime Engineering to build the largest dam in the country. The Malaysian blog Sarawak Report alleged that Sinohydro had widely used a technique involving adding excessive water to cement, making the construction unsafe. Sinohydro responded that the dam was safe but some work like the cleaning of silos was not done "following instructions".[3] The webpage of the Sarawak Report was hacked after it published the story.[4]
The main operating company of the group is Sinohydro Ltd (中国水利水电建设股份有限公司) which is a major subsidiary formed from units of the Group parent (中国水利水电建设集团公司) and Sinohydro Consulting (中国水电工程顾问集团公司) and now held through a holding company Sinohydro Group Limited (中国电力建设集团有限公司).
The company engages in architectural projects, electric power investment, house property and real estate, research and development, and design and manufacture of construction equipment. It provides investment, project financing, consultation, and construction services. The company also engages in the manufacture and installation of mechanical and electrical plants. It trades in water conservancy, power generation, expressway, railway, harbor and sea-route, airport, municipal public utility, and building industries.[2]
Israel 2016 - Location: Cochav-Hayarden area, near Kibuz Gesher, Emek Hamaayanot (former Emek Bet Shean) financed by Tahal, Noy fund and Hutchison water. This is the first project of Sinohydro in Israel which the company is the EPC and will complete its obligations by December 2022.
The management and operation of the hydro-electric power station will be delivered to the IEC upon completion of the project in the end of 2022.
Selected by the government of Bangladesh for River Training Works(14 km length) of the Padma Bridge Padma Multi-Purpose Bridge in Lohajong, South of capital Dhaka. Contract Period : 4 years+1year (defect liability period). Contract Cost : BDT: 8707.81 crore. Date of work order : 31 December 2014. Date of Completion : Physical Progress of Work : Handed over land to Contractor, Mobilization of equipments & procurement of materials as well as Contractor's accommodation, stack yard, casting yard etc. construction are going on.
- ^ "Top 225 Global Contractors". Engineering News-Record.
- ^ a b Hook, Leslie (January 3, 2012). "Sinohydro becomes face of China expansion". Financial Times.
- ^ "Sinohydro admits flaws in Bakun Dam construction procedures". Asian Power. 21 June 2011. Retrieved 22 February 2012.
- ^ "Bakun Dam 'Unsafe'! – Exclusive Evidence on Corner-Cutting and Sloppy Construction Practices". The Sarawak Report. 2011-04-13.
- ^ "Sinohydro Wins Hydropower Project in Nigeria". SinoCast Daily Energy Beat. December 14, 2012.
- ^ "Sinohydro Wins New Construction Contract in Georgia". SinoCast Daily Construction & Real Estate Beat. November 28, 2012.
- ^ "Govt, China To Jointly Fund Karuma Power Dam Construction |".
- ^ "Honduras dam project shadowed by violence".
- ^ "Chinese firm builds dam to boost Tunisia's economic, social development-Xinhua". english.news.cn.
- ^ "China-built dam boosts Sino-Tunisian hydroelectric cooperation". August 15, 2018.