SEHK:2727Electrical
The Bull Case For Shanghai Electric Group (SEHK:2727) Could Change Following Iraq’s New Combined-Cycle Expansion Project
Shanghai Electric has recently broken ground on the Euphrates Combined Cycle Expansion Project in Iraq, upgrading power plants across four governorates by converting simple-cycle units into combined-cycle systems to add 625 megawatts of capacity and generate an extra 5 billion kilowatt-hours annually without more fuel.
The project, which fully deploys Chinese-designed core equipment and standards in one of Iraq’s first such combined-cycle expansions, strengthens Shanghai Electric’s role in...