Sinohydro

Sinohydro Corporation
State-owned
Traded as SSE: 601669
Industry Civil engineering
Founded 1950 (1950)
Headquarters Beijing, China
Area served
 Worldwide
Key people
 Song Dongsheng (宋东升) (Chairman)
Website www.sinohydro.com

Sinohydro (Chinese: is a Chinese state-owned hydropower engineering and construction company. In the 2012 Engineering News-Record Top 225 Global Contractors, a ranking by annual revenue, the company is 14th by overall position, and 6th among Chinese construction companies.[1] As of June 2015 it ranks 4th among Chinese companies for disposal of fixed assets.[2]

History

The company was founded in 1950, and is based in Beijing, China.

Workers of the affiliated company Power Construction Corporation were abducted in 2012 by the Sudan People’s Liberation Movement-North while building a road in Sudan.In a Daily Star article dated Aug 4, 2014, it admitted to being under temporary debarment by the World Bank in response to a query by Bangladesh government with reference to a bid placed for the Padma Bridge project.

In Malaysia, the company worked on a joint venture with Sime Engineering to build the largest dam in the country. The Sarawak Report, alleged that Sinohydro had widely used a technique involving adding excessive water to cement, making the construction unsafe. Sinohydro responded that the dam was safe but some work like the cleaning of silos wasn't done "following instructions".[3] The webpage of the Sarawak Report was hacked after it published the story.

In 2006, a group of indigenous Lenca people from Río Blanco asked for an investigation into the recent arrival of construction equipment in their area. It was duly investigated and the community was informed that a joint venture project between Chinese company Sinohydro, the World Bank's International Finance Corporation, and Honduran company Desarrollos Energéticos (also known as DESA) had plans to construct a series of four dams on the Gualcarque River. The developers had breached international law as the local people had not been consulted on the project, and the Lenca people were concerned that the dam would compromise their access to water, food and medicine, and therefore threaten their traditional way of life. Legal action and community meetings were organized against the project, and the case was taken to the Inter-American Commission on Human Rights.

Operations

The main operating company of the group is Sinohydro Ltd which is a major subsidiary formed from units of the Group parent and Sinohydro Consulting and now held through a holding company Sinohydro Group Limited.

Projects

See also

References

  1. ↑ "Top 225 Global Contractors". Engineering News-Record.
  2. ↑ "Sinohydro Group Ltd. Fundamental Rankings". China Stock Facts. 2015.
  3. ↑ "Sinohydro admits flaws in Bakun Dam construction procedures". Asian Power. 21 June 2011. Retrieved 22 February 2012.
  4. ↑ "Sinohydro Wins Hydropower Project in Nigeria". SinoCast Daily Energy Beat. December 14, 2012.
  5. ↑ "Sinohydro Wins New Construction Contract in Georgia". SinoCast Daily Construction & Real Estate Beat. November 28, 2012.
  6. ↑ Uganda and China To Jointly Fund Karuma Power Dam Construction
  7. ↑ http://www.aljazeera.com/indepth/features/2013/12/honduras-dam-project-shadowed-violence-201312211490337166.html

External links

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