On May 17, SHICO, together with New Energy Company of Sino-Hunan Capital Holding Co., Ltd., formally signed a cooperation agreement with Hong Kong Oasis Power Energy Development Co., Ltd. to jointly develop the 150MW wind power project in Mondulkiri Province, Cambodia. Wei Wei, Chairman of Hong Kong Oasis Power Energy Development Co., Ltd.; Li Zhenlai, Chairman of SHICO; and Peng Shaolin, Chairman of Sino-Hunan Capital Holding Co., Ltd., attended and witnessed the signing ceremony. Liu Wenbin, Vice Chairman and General Manager of Sino-Hunan Capital Holding Co., Ltd., presided over the ceremony.

The project is located in Mondulkiri Province, Cambodia, with a total installed capacity of 150MW. It is among Cambodia’s first large-scale wind power developments, filling a gap in the country’s wind energy sector and enabling efficient use of its high-quality wind resources. The project is scheduled for completion in 2026, and once operational, it is expected to generate 465 million kWh annually—enough to meet the electricity needs of approximately 300,000 households—while reducing carbon dioxide emissions by around 360,000 tons per year. It will also help Cambodia achieve its target of 70% clean energy in its energy mix by 2030.

All parties emphasized that the project will strictly adhere to international environmental standards, adopt China’s mature wind power technologies and management expertise, and be tailored to Cambodia’s local needs to serve as a model for green energy cooperation.

This signing marks a major breakthrough in the company’s new energy market strategy along the Belt and Road Initiative corridor. It is also an important step in supporting the Group’s strategy to build a “world-class construction and investment enterprise,” offering a new model for the Group’s “bundled” overseas new energy business expansion. Looking ahead, the three parties plan to further develop wind, solar, and energy storage projects in Southeast Asia and along the Belt and Road, accelerating the transformation of the regional energy structure.