Power Construction Corporation of China, a state-owned energy infrastructure projects construction contractor, said two of its subsidiaries have secured USD1.76 billion engineering, procurement, and construction contracts for two large overseas infrastructure projects.

Power Construction's Argentinian unit inked a USD957 million EPC contract with the owner of a project in the country's Catamarca and Tucumán provinces to build a comprehensive key water-control project, the parent firm announced yesterday.

Powerchina International Group has penned an EPC contract worth USD803 million to construct a wind farm with a capacity of 1,000 megawatts and auxiliary facilities in Laos' Sekong province, Power Construction said in a separate announcement on the same day.

The two subsidiaries will be responsible for the design, material supplies, and construction of their respective project, Power Construction noted.

Construction of the Argentinian project, which will include a main dam, diversion tunnel, diversion canal, and other facilities, is scheduled to last 54 months, Power Construction said. The local unit will also build related facilities for power transition and transformation and be responsible for providing houses and other living facilities to 42 households that will be relocated for the project, it added.

The project in Laos has an estimated construction period of 40 months and includes related electricity transmission infrastructure besides the wind farm, Power Construction pointed out.

Beijing-based Power Construction is a large contractor for building clean and low-carbon energy, water resources, and environmental infrastructures. Its largest sewage processing project, located in Bangladesh, became operational in April, according to its 2022 earnings report. It also built Argentina's biggest gas pipeline project and Brazil's largest garbage-to-power generation project.

Shares of Power Construction [SHA: 601669] fell 0.6 percent to CNY5.23 (71 US cents) apiece as of 2.10 p.m. in Shanghai today.