The Qinzhou Port area of the China (Guangxi) Pilot Free Trade Zone has seen 2022 as a year to promote construction of major projects.

Since construction started on Dec 21, 2021, SDIC Qinzhou Electric Power's plant phase III project has been striving to overcome heavy challenges. It has worked on production safety and quality and personnel organization and deployment to push forward construction and ensure it is put into operation on schedule. To date, the steel structure of boiler No 1 has been lifted and installed, rendering boiler No 1 90 percent complete, and work on the chimney, water tower and round coal yard is on schedule.

By the end of November, the project had required an investment of 859 million yuan ($124 million) for this year alone, and cumulative investment now amounts to 1.4 billion yuan, 13 percent of the total investment.

The project is scheduled to put Unit 1 into operation on Nov 30 next year and Unit 2 on Feb 28, 2024, with most of the equipment arriving by March or April of next year.

At the beginning of this year, the Qinzhou Port area of the Guangxi FTZ sorted out 31 major projects and carried out enterprise services by identifying enterprise difficulties in a timely manner, strengthening enterprise factory security, deepening innovative financing, and improving service support and industrial service mechanisms. The port area has helped 23 projects such as CNGR Phase II, PetroChina Phase II, Jingui Phase II, Tongkun, Gepai Battery and Vision Phase II to start construction throughout the year; and promoted 14 major projects such as Huayi Phase II, Zhongwei Phases I, II and III, Vision Phase I and China Ship Offshore Wind Power to finalize construction and go into operation.

From January to October this year, the total industrial output value of the port area was 104.63 billion yuan, with a growth rate of 41.9 percent, and the fixed asset investment was 22.36 billion yuan, with a growth rate of 24.7 percent.

The Qinzhou Port area of the Guangxi FTZ. [Photo/WeChat account: gh_df8bc987e060]