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HANGZHOU, China – Eastern International Ltd. ("Eastern International" or the "Company") (NASDAQ: ELOG) has officially made its debut in the wind power construction sector after winning bids for two critical packages in the Hongze 62.5 MW Wind Farm Project. The company's wholly-owned subsidiary, Guizhou Tianrun Zhicheng Construction Engineering Co., Ltd. ("Guizhou Tianrun"), secured contracts totaling RMB 91.52 million (approximately USD 13.02 million). This milestone marks a significant step in Eastern International's expansion into new energy infrastructure.
The Hongze Wind Farm project signals Eastern International's entry into the wind power construction market, a move deemed strategic for the company's growth. The awarded contracts include two main components: roadworks, lifting platform construction, and land reclamation at a cost of RMB 79.52 million (approximately USD 11.31 million), and substation civil construction works for the EPC turnkey project priced at RMB 12 million (approximately USD 1.71 million).
Lin Tan, Chief Operating Officer of Eastern International, emphasized the importance of this achievement, describing it as a "crucial strategic move for the Company." He added, "These successful bids and the achievement of the first breakthrough in the wind power construction sector are crucial strategic move for the Company. Eastern International will adhere to the high standards for this 'first wind power construction project' and plan and manage the construction scientifically to ensure comprehensive control over project quality, safety, and schedule."
Eastern International has underscored its dedication to delivering high standards for its inaugural venture into wind power. The company aims to ensure quality, safety, and on-time completion for the Hongze Wind Farm project, setting a strong precedent for its future endeavors in the sector.
"The Company is fully committed to delivering a high-quality project for our clients and establishing a strong reputation in the wind power construction field", said Mr. Tan. He further noted that this project represents an opportunity for the company to play a larger role in the national green energy system and contribute to sustainable economic development.
This entry into the wind power construction market represents a new frontier for Eastern International as it positions itself within the growing new energy infrastructure sector. The success of its first wind power project is expected to open doors for further opportunities and solidify its reputation as a trusted player in green energy initiatives.
With these initial steps, Eastern International has signaled its intent to be an active contributor to China's green energy goals, advancing its mission of sustainable economic development.
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