On December 2, local time in Zimbabwe, the new energy project of Titan Power Plant held a groundbreaking ceremony at Wanji Power Station. Company chairman Li Renchao was invited to lead company vice president Xie Zhiwei and deputy chief economist Wu Bin to attend, witnessed by Zimbabwean president Emmerson Mnangagwa, and attended by government leaders such as vice president Constantino Chiwenga, governor of North Horse Province Richard Moyo, and Dr. Gata, director of the ZESA Power Authority. Ceremony.

Representatives of Titan New Energy (Pty) Ltd, the owner of the project, introduced in the ceremony that the solid waste comprehensive utilization power station and 200MW photovoltaic power station in Central Province with a total investment of about 1 billion US dollars and an installed capacity of 720MW are expected to be fully completed and put into commercial operation by the end of 2028, when the total power generating capacity will be about 920MW, and it will be an important milestone for Zimbabwe's self-sufficiency in energy and effectively ease the This will be an important milestone for Zimbabwe's energy self-sufficiency, effectively alleviate the pressure of power shortage, support the development of industry and agriculture, and help Zimbabwe realize its 2030 national goals.

CWPC's chairman, Li Renchao, was invited to deliver a speech at the ceremony. He first thanked Titan New Energy (Private) Limited for its trust and recognition. He said that CWPC , as the project design and equipment set supplier, will strictly regulate the requirements, scientific design, elaborate manufacturing, safe construction, strict quality control, rational planning of equipment supply, with efficient and convenient services to create high-quality products, demonstration and advertisement projects in Africa, to provide continuous and stable power for the local area, to promote industrial development, to solve the shortage of electricity for the residents, to drive the employment, and to create great social and economic benefits. At the same time, bearing in mind the mandate of the leaders of China and Africa, upholding the spirit of friendship and cooperation approach, strengthening mutually beneficial cooperation with the Zimbabwean business community, contributing to the promotion of local energy and economic development, and enhancing the friendship between the two peoples. In his speech, Li Renchao believed that the completion of the project will bring great social and economic benefits to Zimbabwe, which are mainly reflected in the following five aspects:

1. Provide reliable power to the country, effectively solve the power shortage problem, strongly support the development of industry and agriculture, and help Zimbabwe achieve the 2030 national goals.

2. After the completion of the comprehensive utilization of solid waste power generation project, it will effectively reduce the local environmental pollution, and recycle and reuse the waste residue and waste water for the production of bricks, cement, pavement, etc., so as to improve the overall economic efficiency and realize zero emission.

3. After the completion of the photovoltaic power generation project, it is expected to increase the proportion of green power in the country's electricity composition, contribute to the optimization of energy structure, and realize the transformation from an electricity importing country to an exporting country.

4、 During the construction of the whole project, the construction cost will be effectively controlled, and the country will be provided with clean and green power with excellent cost performance.

5. Solve the employment of thousands of people, and greatly improve the overall income of local residents.

President Emmerson Mnangagwa delivered a speech, warmly congratulating the successful launch of the project and looking forward to its early completion and commissioning. He noted that Zimbabwe is a country of great natural beauty, friendly people and rich in natural and mineral resources. Industrialization is critical to Zimbabwe's mining, agriculture and manufacturing industries, and the new power plant construction project is part of the government's efforts to increase its robust power generation capacity and reaffirms Zimbabwe's commitment to energy self-sufficiency and its determination to move towards an innovation-driven future. He emphasized that Zimbabwe's commitment to open cooperation and win-win development coincided with China's Belt and Road Initiative.

He warmly welcomed the participation of CWPC, an outstanding Chinese company, in the construction and development of Zimbabwe, which will give new impetus to the traditional friendship and cooperation between China and Africa. In particular, he mentioned that CWPC's philosophy of "customer satisfaction is the only value of the company's existence" and its excellent capabilities in technology, manufacturing and service have won the high recognition and trust of Titan New Energy (Pty) Ltd. He encouraged CWPC Industrial Co., Ltd. to use its strength in solid waste treatment, photovoltaic power generation and other new energy power generation technologies to further penetrate the Zimbabwean market, and expected CWPC Industrial Co., Ltd. to expand and strengthen the new energy industry in the African continent, and enhance its competitiveness and brand influence in the international market.

Prior to the groundbreaking ceremony, President Emmerson Mnangagwa met with the Chairman of the Company and the Chairman of the Owner Company, and after listening to the Owner's detailed report, called on all ministries and local authorities to fully support the construction of the project. The groundbreaking ceremony not only marks the official start of the construction of the Titan Power Plant project, but also signifies that Zimbabwe's energy construction will usher in new development opportunities. CWPC will join hands with all partners to write a new chapter of China-Africa cooperation and contribute to Zimbabwe's prosperity.