Shanghai Electric Accelerates Overseas Layout, Seeks Overseas Partners

ABU DHABI, United Arab Emirates, Sept. 19, 2019 -- Shanghai Electric Group (the "Group"), a leading energy equipment maker and solutions provider, showcased its various solutions and equipment at the 24th World Energy Congress (WEC) that took place in Abu Dhabi through Sept. 9-12. The Group has long operated overseas and has established projects, especially with partners in the Middle East in various fields including solar power, gas power, desalination and energy management.

In a bid to provide cleaner and smarter solutions, Shanghai Electric has
developed more advanced products and has brought to the WEC more comprehensive
and inter-connected solutions with services of a full life cycle, to better
serve its clients globally. From rolling out individual products to offering
more comprehensive and integrated solutions, the Group has been actively
seeking a positive transformation in its strategic planning and its position in
the industry based on the trend of market development and industry demand.

On the business side, Shanghai Electric has shed light on overseas
markets. In 2018, the Group even saw the number of new construction orders in
foreign markets surpassing those in the domestic market, underlining the
Group's efforts to bring its solutions abroad in line with China's Belt and
Road Initiative. The Group in 2018 has undertaken several landmark overseas projects,
including the solar power station construction project in Dubai, the coal-fired
power project in Egypt, the combined-cycle power project in Panama, and the
desalination project in Brunei, among others.

The power plant under construction by Shanghai Electric in Sheikh Mohammed
bin Rashid al-Maktoum Solar Park, Dubai, currently the largest solar power
plant in the world, can provide clean electricity for over 320,000 households
every year in Dubai, cutting down carbon emissions by 1.6 million tons.

This year, Shanghai Electric has offered solar power solutions in more
countries. It constructed a solar power station in Hokkaido, Japan, and started
generating power in February. The Group has also had multiple ongoing energy
projects in the UK and Australia.

"We highly value our overseas business, and our goal is to increase
the proportion of our overseas assets and double the revenue in the next three
to five years," said Zheng Jianhua, Chairman of Shanghai Electric.

About Shanghai Electric

Shanghai Electric is a large integrated equipment manufacturing enterprise
specialized in energy equipment, industrial equipment and integration services.
It is committed to providing customers with solutions to technology integration
and systems incorporating green, eco-friendliness, intelligence and Internet.

Source: Shanghai Electric


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