Сarbo One and Shanghai Electric Power Co sign a Memorandum of long-term cooperation

September 14, 2017

Shanghai, China, September 14, 2017

Сarbo One, Ltd., one of the largest coal trading companies in the world, and Shanghai Electric Power Co, Ltd., one of the largest power utilities in Asia-Pacific region came to an agreement on long-term partnership and cooperation.

Memorandum for long-term cooperation between companies was signed by Mr. Alexey Danilov, Director of Carbo One, and Mr. Ji Cheng Zhong, General Manager of Shanghai Electric. Signing ceremony took place in the Headquarters of Shanghai Electric based in Shanghai.

The Memorandum stating prioritized coal supply by Carbo One for power plants of Shanghai Electric located in the Yangtze river estuary and also for newly built coal-fired power plants in Turkey and Egypt.

Shanghai Power is engaged in design and construction of solar, gas and coal power plants around the world (Europe, Africa, Asia-Pacific region), including coal power plants in Turkey and Egypt. The total power generation by Shanghai Electric worldwide power plant projects exceeds 10000 MWt.

Mr. Alexey Danilov, Director of Carbo One, Ltd., and Mr. Ji Cheng Zhong, General Manager of Shanghai Electric Power Co, Ltd., at the signing ceremony of memorandum of long-term cooperation.