Chinese companies signed Myanmar's Salween River strategic cooperation framework agreement

Li Xiqiong
Monday, April 28, 2008

Article from China Economic Times

(Translated from Chinese by Google Translate Beta and Kevin Li)

China's Sinohydro Corporation, China Southern Power Grid Co. Ltd. and
China's Three Gorges Project Development Corporation held a formal
signing ceremony in Sinohydro's headquarter, on Myanmar's Salween
River strategic cooperation framework agreement.

China's Sinohydro as the core team in the field of China's hydropower
construction has a wealth of experience in overseas investment in
hydropower, mining and project contracting, and formed a strong brand
and competitive advantage in the world. China Southern Power Grid Co.,
Ltd. is directly under the State Council's power grid companies, and
is authorized by the State Council as the Chinese implementation units
in the Greater Mekong Sub-region cooperation. China Three Gorges
Project Development Corporation also accumulated a wealth of
management experience in the construction and management of large-
scale hydropower projects, watershed development and cascade
hydropower operation.

Under the China's "going out" strategy, and based on the China's good-
neighborly and friendly foreign economic policy, energy strategy and
the Greater Mekong Sub-regional cooperation, the three companies will
be join hands, make use of complementary advantages, and follow the
principles of equality, mutual benefit and common development, in
order to actively and orderly develop Myanmar Salween River's
hydropower resources. This will become a model of economic cooperation
between China, Burma and Thailand, which effectively promote and
strengthen the economic and trade relations, and achieve a mutually
beneficial win-win situation and harmonious development among the
three countries.