Eastern International Ltd. has officially commenced its venture into the clean energy sector through a significant contract awarded to its wholly-owned subsidiary. The agreement, valued at approximately $6.04 million (42.5 million Chinese yuan), involves a photovoltaic power generation project in China. This development marks a pivotal moment for the company as it broadens its operational scope beyond traditional business areas.
The project, specifically the Hebei Laiyuan 300 MW centralized photovoltaic power generation initiative, will see Guizhou Tianrun acting as the primary subcontractor for its initial 50 MW phase. The scope of work encompasses crucial aspects such as the construction of foundations, the installation of photovoltaic mounting structures and modules, comprehensive module string wiring, and the deployment of combiner boxes. Additionally, Guizhou Tianrun will be responsible for supplying essential auxiliary materials required for the project. Preparatory work is anticipated to begin before the close of 2025, setting the stage for the full implementation of this large-scale clean energy endeavor.
Lin Tan, the Chief Operating Officer at Eastern International Ltd., highlighted the strategic importance of this project, emphasizing its role in the company's broader expansion into the new energy domain. Tan articulated the company's commitment to leveraging its internal engineering and construction capabilities to actively participate in substantial clean energy developments. The objective is to ensure timely project delivery and uphold high-quality standards, thereby contributing to the green transformation of regional energy systems. This foundational project is expected to catalyze a new phase of accelerated growth for Eastern International within the evolving new energy landscape.
The company's strategic move into renewable energy demonstrates a forward-thinking approach, aligning corporate objectives with global sustainability trends. By investing in clean power generation, Eastern International is not only securing its future growth but also playing a crucial role in fostering environmental stewardship and energy independence. This initiative serves as an inspiring example of how businesses can pivot towards innovative and eco-friendly solutions, contributing to a more sustainable and prosperous future for all.