Concession Agreement Signed for Moukoukoulo Hydropower Station in the Republic of Congo

On June 29, the government of the Republic of Congo held the signing ceremony of the concession agreement of Moukoukoulo Hydropower Station in the captial city, Brazzaville. The ceremony was attended by the Minister of International Cooperation and Public-Private Partnership Promotion, the Minister of Energy and Water Resources of the Republic of Congo, Ma Jianjun, Marketing Director of WIETC engineering business, Xu Yunzhi, GM of Congo Zhengwei, as well as members of relevant government ministries and commissions, members of the company's negotiation team, etc.

Signing Ceremony

At the signing ceremony, the Director of the General Office of the Ministry of Energy and Water Resources of the Republic of Congo briefly introduced the background of this concession agreement signing. He pointed out that, in order to promote the national electricity reform, the government plans to introduce private investors in the power generation sector. Through the granting of concession rights, it aims to ensure the modernization of maintenance and upgrading of the Moukoukoulo Hydropower Station to continuously ensure and improve the national power supply. Subsequently, General Manager Xu Yunzhi, on behalf of the company, signed the concession agreement with the Minister of International Cooperation and Public-Private Partnership Promotion and the Minister of Energy and Water Resources of the Republic of Congo.

General Manager Xu Yunzhi,(second from the right) signing the concession agreement on behalf of the company

The Minister for the Promotion of International Cooperation and Public-Private Partnership of the Republic of Congo expressed his congratulations on the successful signing of the hydropower station concession agreement, and stressed the importance of the hydropower station to the surrounding residents and the economic and social development of the Republic of Congo, believing that WIETC will excel in this project, ensuring the hydropower station continues to provide power supply services with higher quality throughout the concession period. 

On behalf of the company, Director Ma Jianjun expressed his gratitude for the trust of the government of the Republic of Congo. He said that WIETC has participated in the overhaul project of the hydropower station since 2003, and has been responsible for the technical service work of the hydropower station. WIETC is familiar with the situation of the hydropower station and has a deep emotational connection to it. The upgrading and operation management of hydropower station will be completed with high standard and high quality, and the training of local employees will be especially strengthened to transfer advanced technical expertise to the local workforce.

Director Ma Jianjun delivering a speech

The Moukoukoulo Hydropower Station in the Republic of Congo was a Chinese government aid project in the 1970s, with a total installed capacity of 74 MW and an annual generating capacity of more than 400 million KWH. It is one of the major energy supply power stations in the country. In 2003, WIETC undertook the largest foreign aid overhaul and reconstruction task since the completion of the hydropower station, which was recognized as an excellent project by the Ministry of Commerce. Several project participants were awarded the Knighthood Medal by the President of the Republic of Congo. The signing of this concession agreement marks another solid step in the transformation of WIETC's engineering business to the integration of investment, construction and operation, providing new momentum for our company's high-quality and sustainable development.