- The Benban solar power plant project by chint solar.
- BRI significantly reduced travel time.
- Tsingshan Holding Group invested in industrial parks in Indonesia.
Zhuge Yun, a project manager at Chint Solar, treasures a one-pound Egyptian coin, a memento from his work on the Benban solar power plant in the Sahara Desert. The plant spans 37 square km, generating over 2,000 megawatts with Chint Solar contributing 165.5 megawatts. This initiative aims to combat local power shortages and boost Egypt’s energy structure for the next 25 years, offering employment opportunities for locals, reports English news.
The Belt and Road Initiative
The Belt and Road Initiative (BRI), has led to collaborative projects like the Benban solar power plant. These ventures foster mutual benefits among participating nations, enhancing livelihoods by introducing development prospects. Recent gatherings, such as the Mayors Exchange Conference, allow stakeholders to share strategies and experiences in bolstering BRI’s impact, exemplified by initiatives like the Phnom Penh-Sihanoukville Expressway in Cambodia.
Connectivity Across Borders
Infrastructure projects under the BRI, like the Phnom Penh-Sihanoukville Expressway, revolutionize connectivity, slashing travel time and stimulating tourism. Leaders like Sar Kackada of Sihanoukville express hope for continued advancements through BRI, propelling growth in their regions.
Collaborations
Chinese enterprises, notably Tsingshan Holding Group, have invested in numerous BRI projects, including industrial parks in Indonesia. These ventures attract more partnerships, with Tsingshan aiming to share its success stories and expand collaboration across Maritime Silk Road nations.
Economic Impact
The BRI’s economic impact is significant, evident in the 19.1 trillion USD cumulative trade value between China and BRI countries from 2013 to 2022, along with a substantial two-way investment reaching 380 billion USD. China’s investment of 240 billion USD underscores its commitment to fostering economic ties and development within BRI nations.
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Source: English news
