HK Stock Market Move | China Energy Engineering Corporation (03996) rose more than 7% in the afternoon, recently signing a $1.687 billion overseas power station EPC contract to expand in the Middle East energy market.

China Energy Engineering Corporation (03996) rose more than 7% in the afternoon, up 4.27% as of press time, to HK$1.22 with a turnover of HK$102 million. On the news front, China Energy Engineering Corporation recently announced a major contract signing. A consortium of its subsidiaries successfully signed the EPC general contract for the natural gas combined cycle power plant project in Taweelah C, Abu Dhabi, UAE, with a contract amount of $1.687 billion, equivalent to approximately RMB 11.42 billion. The signing of this major overseas contract is an important achievement in the company's active expansion of the international energy market and will further enhance its competitiveness in the global energy construction sector. It is worth noting that on May 29th, the Gansu Qingyang "East Number West Number" Source Network Load Storage Integrated Smart Zero Carbon Big Data Industrial Park A2 Data Center Building, integrated construction and investment by China Energy Engineering Corporation, Guangdong Institute, and Construction Group, was officially put into operation. The A2 Data Center Building can accommodate approximately 40,000 P computing power after being put into operation, marking another important milestone in the project's construction following the operation of the A1 building in September 2024, indicating that China Energy Engineering Corporation has the ability to integrate the entire industry chain of data center business construction and operation.