{"id":219878,"date":"2019-06-22T07:18:57","date_gmt":"2019-06-22T11:18:57","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=219878"},"modified":"2019-06-22T07:18:57","modified_gmt":"2019-06-22T11:18:57","slug":"powerchina-invests-3-b-in-ph","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/06\/22\/powerchina-invests-3-b-in-ph\/","title":{"rendered":"PowerChina invests $3-B in PH"},"content":{"rendered":"<figure id=\"attachment_219879\" aria-describedby=\"caption-attachment-219879\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/mmexport1561115227276.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-219879\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/mmexport1561115227276.jpg\" alt=\"\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/mmexport1561115227276.jpg 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/06\/mmexport1561115227276-300x188.jpg 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-219879\" class=\"wp-caption-text\">FILE: PowerChina Asia Pacific Business Development Department Deputy General Manager Liu Xianxing answers question from Asia Pacific reporters on Friday (June 21, 2019) in its headquarters in Beijing. (PNA photo by Kris Crismundo)<\/figcaption><\/figure>\n<p><strong>BEIJING<\/strong>\u00a0\u2013 Power Construction Corporation of China, Ltd. (PowerChina) is investing some USD3 billion or roughly PHP154 billion, China\u2019s state-owned firm told Asia Pacific reporters here Friday.<\/p>\n<p>Deputy General Manager Liu Xianxing of PowerChina Asia Pacific Business Development Department said the USD3-billion investments of the company in the Philippines is for the 11 projects that are under construction now.<\/p>\n<p>Liu said most of the projects are in the power sector, while other projects include railway transportation, highway bridges, and marine reclamation.<\/p>\n<p>He said two of the firm\u2019s largest projects in the Philippines include the Kauswagan 4&#215;135-megawatt and the Dinginin (Mariveles) 2&#215;660-MW coal-fired power station projects. The company is also putting up a \u00b1350 kilovolt direct current power transmission converter station project for Visayas and Mindanao.<\/p>\n<p>\u201cThe potential of market development is huge, and regional headquarters need to invest more resources and focus on their development in various ways,\u201d Liu said, pertaining to the Philippines and Asia Pacific countries like Vietnam, Myanmar, Cambodia, Singapore, and Papua New Guinea.<\/p>\n<p>PowerChina is operating in 31 countries in the Asia Pacific, creating more than 19,000 jobs in the region.<\/p>\n<p>To date, the firm implements 125 projects in 13 Asia Pacific nations, said Liu.<\/p>\n<p>PowerChina International Group, Ltd. Vice President Xu Jianglong said the company\u2019s investments in the past years are concentrated in countries participating China-led Belt and Road Initiative (BRI).<\/p>\n<p>\u201cOur investments overseas are mainly concentrated in Belt and Road Initiative countries. By the end of 2018, our investments overseas exceeded RMB71 billion, which 85 percent of these investments are in the Belt and Road countries,\u201d Xu said.<\/p>\n<p>\u201cOur priority is an investment in energy and power. Infrastructure is complementary,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING\u00a0\u2013 Power Construction Corporation of China, Ltd. (PowerChina) is investing some USD3 billion or roughly PHP154 billion, China\u2019s state-owned firm &hellip;<\/p>\n","protected":false},"author":44,"featured_media":219879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-219878","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/219878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=219878"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/219878\/revisions"}],"predecessor-version":[{"id":219880,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/219878\/revisions\/219880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/219879"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=219878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=219878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=219878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}