SEPCO3
| Industry | Construction and engineering |
|---|---|
| Founded | 1985 |
| Headquarters | , |
| Website | www |
SEPCO3, stylized as sepcoIII, (Shandong Electric Power Construction Corporation III or SEPCO III) (
SEPCO3 offers the construction of power plants via the EPC method (
The company has gone on the path of international expansion and has carried out construction in Egypt, India, Indonesia, Jordan, Nigeria, Oman, Saudi Arabia, and Singapore.[1] In overseas work, SEPCO3 has had particular success in India where it held 20% of the market for power generation construction in 2011 which compares well to the market share of about 50% in India held by all Chinese power construction companies.[2] From the period of 2005-2011, SEPCO3 has taken US$9 billion worth of projects in India.[2] The subsidiary in India has become a substantial operation in its own right employing 7,000 Indian workers directly and more than 50,000 local people engaged with its subcontractors.[2] The management has stated plans to increase localization by increasing the numbers of Indians among management personnel with the number of local nationals holding managerial positions being about 50% in 2011.[2]
References
- ^ "Achievements". SEPCO3.
- ^ a b c d "Chinese power plant contractors take half of Indian market share". China Daily. 2011-09-08.
