Zhuzhou Navigation & Hydropower Complex: Water Transport Boosted by Power Generation
Hunan Provincial Water Transportation Construction & Investment Group Co., Ltd.
Quality project; “promote and maintain navigation by power generation”
|PROJECT COMPLETION/EXPECTED COMPLETION DATE|
In the construction of the second ship lock and fish ladder of Zhuzhou Navigation and Hydropower Complex, in order to bridge the payment gap between the financial allocation and actual disbursement, Hunan Provincial Water Transportation Construction & Investment Group Co., Ltd. (hereafter referred to as “the Group”) creatively uses the stable cash flow from power generation to fund the water transport infrastructure and the public welfare ship lock navigation. This newly created operation mode of water transport infrastructure, that is, “promoting and maintaining navigation by power generation”, has made up for the problem of insufficient financial allocation and liquidity.
In the next move, the Group will continuously adhere to the concept of “promoting and maintaining navigation by power generation”. They will further dig potentials of the Complex and keep elevating the economic efficiency; meanwhile, they will put efforts into the expanding project and addressing the problems of inadequate investment and liquidity with increasing stable cash flow.
The ship lock of Zhuzhou Navigation and Hydropower Complex can guarantee a navigation rate of over 98%. The Group has invested 6.384 billion yuan in the past five years, of which about 1.57 billion came from power generation revenue, accounting for 24.6%.
The Complex is expected to be navigable in October, 2018.