PowerChina signs subcontract for Basra desalination water conveyance system in Iraq worth about 8.925 billion yuan

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Summary · why it matters

A subsidiary of PowerChina, Sinohydro Bureau 5, has signed a subcontract with Iraq's Rida Company for the water conveyance system of the Basra desalination project in Iraq, with a contract value equivalent to approximately 8.925 billion yuan. The project is located in Basra Province, Iraq, and the main scope of work involves the design and construction of a water conveyance system with a daily supply capacity of 1 million cubic meters, including a roughly 240-kilometer water pipeline, one main pumping station, and nine receiving pumping stations. The project timeline consists of a six-month limited commencement period plus 1,350 days for the main works, with a defects liability period of 24 months.

Impact on stocks 1

Others▲ · 1 stocks

Theme Impact 2

Off-coverage companies 2

China Water Conservancy and Hydropower Construction Bureau 5Private▲ Positive
Demandrelevance

Sinohydro Bureau 5 is the direct subcontractor executing the project.

Iraq Rida CompanyPrivate▲ Positive
Demandrelevance

Rida Company is the counterparty awarding the subcontract, indicating business activity.

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