CONDIS® and the Belt and Road Initiative
“The Silk Road Economic Belt and 21st Century Maritime Silk Road” known today as the “Belt and Road Initiative” was launched in 2013 by the Chinese government in “a bid to enhance regional connectivity and embrace a brighter future”.
It is above all considered o be “the largest infrastructure and investment project in history”, involving around 68 countries and covering “65% of the world’s population, three-quarters of global energy resources and 40% of GDP”. Through massive infrastructure investments (a planned investment of $900 billion), it aims to foster and facilitate the transcontinental cooperation with the creation of overland and overseas trade routes throughout Asia, Europe and Africa. The BRI takes the shape of large construction programs including railways, highways, seas lanes and power lines.
As the initiative advances with substantial investments in infrastructure projects, it is clear that the Belt and Road Initiative is a great opportunity for the Chinese electric power companies to expand business overseas. Chinese OEMs effectively took their piece of pie by signing contracts for $94B on BRI-related projects in the first 4 years after the launch of the initiative, representing 60.5% of all Chinese projects overseas. As an example, Hennan Pinggao has set up subsidiaries companies in India, Poland, Pakistan, South Africa and Laos for with contracts totalfing ¥2.6B according to 2016 figures.
In this audacious expansion strategy, CONDIS® actively supports its OEMs partners by providing a proven expertise on flagship projects and by delivering high quality and reliable HV capacitors for various types of application: 363/420kV GIS, 550kV GIS, 550kV AIS and DC voltage dividers to name some of them.
As a leader in its field and being an innovative actor of the grid, CONDIS® global strategy is aligned to support China and the other countries involved in their common effort to modernize, secure and extend the worldwide grid.