POWERCHINA RESOURCES LTD. (hereinafter referred to as “PCR”), a backbone holding subsidiary of Power Construction Corporation of China Ltd. (hereinafter referred to as “POWERCHINA”, Stock Code: 601699), was established on July 1st, 2012 in Beijing, China, with registered capital of 5.41 billion RMB.
PCR’s business scope covers concession of electric power projects, development of oil, non-ferrous metal and other mineral resources, real estate development, environmental conservation, investment in utilities and infrastructures, engineering and technical consulting services, import & export trading and overseas contracting.
As of December 31, 2021, PCR has 39 subsidiaries, 9 joint-stock companies and 1 representative office in 18 countries and regions worldwide.
PCR specializes in overseas investment market exploration, project construction and operation as well as risk management. It's the key business arm for POWERCHINA’s deployment of “Overseas Business Top Priority” strategy. Expansion of PCR’s overseas investment drives the growth of EPC businesses, which makes PCR an important platform for the implementation of POWERCHINA’s tactics in promoting international development through business restructuring, transforming and upgrading. PCR is a one-stop service provider of investment, financing, design, supervision and construction. With integration of services and expertise in optimizing investment and financing structure, PCR turns POWERCHINA’s industry chain into a value chain.
PCR has superior capability in capital operation and project development in electric power and mineral resource sector. Currently, Kamchay Hydroelectric BOT Project in Cambodia, Nam Ngum 5 Hydropower Project, Nam Ou River Basin Hydropower Project in Lao PDR (Phrase One),Upper Marsyangdi A Hydropower Station in Nepal,Port Qasim Coal-fired Power Plant in Pakistan, Bengkulu Coal-fired Power Station Plant in Indonesia,Wild Cattle Hill Wind Farm Project in Australia ,The Copper Cobalt Mining Project in D.R. Congo,Khanmouane Cement Plant in Laos are the projects in operation; Nam Ou River Basin Hydropower Project in Lao PDR (Phase Two), Barisal Coal-fired Power Station in Bangladesh ,Kyauk Phyu Gas-fired Combined Cycle Power Station in Myanmar,Shelek Wind Farm Project in Kazakhstan, Ivovik Wind Farm Project in in Bosnia and Herzegovina are the projects under construction. Meanwhile, a series of power and mineral projects in various countries, such as Cambodia, Laos, Nepal, Indonesia, Bangladesh, and Uzbekistan,Bosnia and herzegovina are now being actively promoted.
Upholding the mission of “Collective Growth, Trusted Brand, Global Vision” and corporate culture of “Cohesive Diversity for Inclusive Growth, Investment Innovation for Sustainable Future”, PCR is committed to collaborate with global stakeholders and become an internationally recognized investment corporation for energy development and asset operation.