China to invest $1.6b in Thai energy, infrastructure

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damBacked by the strong yuan, China International Water & Electric Corporation (CWE), a leading Chinese state utility, said it wants to invest in Thai infrastructure and energy projects at a volume of $1.6 billion, the Bangkok Post reported.

CWE is keen on investing in green energy such as wind, solar and hydropower where it sees potential, its financial adviser, Thailand-based AEC Securities, said, without giving further details about concrete projects or the time horizon of the Chinese investors.

CWE is a state-owned large scale enterprise under the direct jurisdiction of the central government of China, engaging in contracting overseas engineering projects, implementing overseas economic aid projects provided by Chinese government, providing manpower services and handling import and export trading.

It has 13 wholly-owned subsidiaries and holding companies and 18 offices abroad. It is also involved in projects with the World Bank, the Asian Development Bank and other international organisations.

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Reading Time: 1 minute

Backed by the strong yuan, China International Water & Electric Corporation (CWE), a leading Chinese state utility, said it wants to invest in Thai infrastructure and energy projects at a volume of $1.6 billion, the Bangkok Post reported.

Reading Time: 1 minute

damBacked by the strong yuan, China International Water & Electric Corporation (CWE), a leading Chinese state utility, said it wants to invest in Thai infrastructure and energy projects at a volume of $1.6 billion, the Bangkok Post reported.

CWE is keen on investing in green energy such as wind, solar and hydropower where it sees potential, its financial adviser, Thailand-based AEC Securities, said, without giving further details about concrete projects or the time horizon of the Chinese investors.

CWE is a state-owned large scale enterprise under the direct jurisdiction of the central government of China, engaging in contracting overseas engineering projects, implementing overseas economic aid projects provided by Chinese government, providing manpower services and handling import and export trading.

It has 13 wholly-owned subsidiaries and holding companies and 18 offices abroad. It is also involved in projects with the World Bank, the Asian Development Bank and other international organisations.

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