China Three Gorges group pondering investments in Africa with associate Energias de Portugal

30 August 2017

The China Three Gorges (CTG) group plans to expand international investments together with EDP-Energias de Portugal, and Portuguese-speaking African countries may benefit if business opportunities are detected, the group’s vice-president said.

Cooperation with EDP is not limited to a shareholder relationship, but is also one of partners for making investments, said Lin Chuxue, cited by the Portuguese press during his annual visit to Portugal.

New investment opportunities outside Portugal will be analysed, evaluating case by case whether it makes sense for the two companies to invest together or just share responsibilities in dam-building and other energy-related projects, said the China Three Gorges vice-president.

Lin specified that the two sides are weighing the possibility of signing a new commitment under which CTG would continue to invest in purchasing minority shareholdings in EDP’s wind farms.

His statements were made on the sidelines of the ceremony to award certificates to students who benefited from grants sponsored by the CTG group.

The Chinese group also signed new cooperation protocols with various Portuguese universities, whereby the universities of Lisbon, Porto and Coimbra are now joined by Lisbon’s Nova University, the Catholic University and the universities of Aveiro, Minho and Algarve. (Macauhub)