Shanghai Electric receives AAA credit rating; Dubai 950MW project on track – MEP MiddleEast

Shanghai Electric receives AAA credit rating; Dubai 950MW project on track – MEP MiddleEast

China-headquartered manufacturer and supplier of electric power generation equipment, industrial equipment, and integration services, Shanghai Electric, has been accredited with the AAA-credit rating for international projects, even as its 950MW CSP/PV project in Dubai progresses on schedule.

Published in the China International Contractors Association's (CHINCA) 2020 Enterprise Credit Assessment for Chinese International Contractors and Labour Service Companies' report, AAA is the highest given credit rating and marks Shanghai Electric as being a reliable partner for international projects.

Credit ratings granted by CHINCA are the authoritative measure of creditworthiness in China and are formally recognized by the Chinese Ministry of Commerce. The department closely examines an organisation's comprehensive quality, competitiveness, financial status, credit history, overseas market development, and actual project implementation procedures.

The results of this evaluation are a testament to the organisational quality of Shanghai Electric and the Group's ability to operate overseas and undertake foreign projects.

Despite COVID-19, the company has strived to achieve its annual goals for 2020. In terms of outstanding overseas projects, the company has focused on ensuring proper OHS standards, implementing rigorous anti-epidemic control measures across the board.

Despite international travel restrictions and limited access to construction sites, Shanghai Electric ensures resources and materials arrive at construction sites