News

2013-09-10

Bond Stone Law Firm advises China International Water and Electric Corporation (CWE) on Investment and M&A in Alternative Energy Projects of Kazakhstan (Wind, Solar and Hydro)

CWE is a wholly owned subsidiary company of China Three Gorges Corporation (CTG) specializing in international hydropower construction and investment.
CWE has a history of over half a century with more than 800 international contracts completed in over 70 countries and regions at a total contract value exceeding USD 10 billion and has been ranked as one of the ENR Top 225 International Contractors for 22 concecutive years, ENR Top 200 International Design Firms for 11 consecutive years, and Top 30 Chinese International Contracting Enterprises awarded by the Ministry of Commerce of P.R. China for 15 consecutive years.
At present time CWE operating in about 30 countries and regions with total assets axceeding RMB 10 billion, with steady annual growth recorded in the past 7 years.
CWE is well known company in Kazakhstan for succeffully implemented energy project in Almaty region – Moynak Hydro Power Plant – the first major joint energy project between China and Kazakhstan in non oil-sector. Investment amount is 360 million U.S. dollars. Power plant is equipped with two high-pressure bucket hydraulic units with a capacity of 150 MW, with an annual output of 1,027 GWh.