#investment


China to invest $315 billion in power distribution network

China, Beijing: China is planning to invest at least $315 billion (2 trillion yuan) in the construction of its power distribution network during 2015-2020, including an investment of $471 million (300 billion yuan) in 2015, according to an action plan on power distribution network construction and transformation for 2015-2020 released by the National Energy Administration on Monday.

Turkish transformer manufacturer doubles investment in Africa

Ethiopia, Addis Ababa: Turkish-based Sunrise Engineering and Machinery Manufacturing PLC, a company engaged in the business of manufacturing and distribution of transformers in Ethiopia for more than a year, is currently looking to expand its production capacity with an additional investment of $5million to $7.5 million.