POWERCHINA Enhances Commitment to ESG Principles in Serbia through Infrastructure and Community Projects

POWERCHINA Deepens ESG Commitments in Serbia

As the world grapples with climate change, the recent COP30 summit has set a higher bar for global climate action. In this context, the Power Construction Corporation of China, known as POWERCHINA, is strengthening its dedication to Environmental, Social, and Governance (ESG) principles in Serbia, where it has established its Eurasia Regional Headquarters.

Mr. Yang Bo, POWERCHINA's Chief Representative in Serbia, stated, "Our investment in Serbia’s growth highlights the significant benefits that robust ESG practices can bring." He emphasized the urgent need for infrastructure that is not just functional but also sustainable, efficient, and community-focused. POWERCHINA aims to invest in projects that promote sustainable development while empowering local communities.

POWERCHINA's Presence in Serbia

POWERCHINA has been active in Serbia since 2012, contributing significantly to the nation’s infrastructure landscape. The company has created over 1,500 jobs, mobilizing local talent and driving economic growth within the region. Among its key projects is the Belgrade Bypass Section B Project, where POWERCHINA undertook the responsibility of upgrading essential utilities, including drainage and water supply systems. This project not only improved transport efficiency but also enhanced the quality of life for residents in the surrounding areas.

The infrastructure developments do not stop there; POWERCHINA is currently engaged in one of the most pivotal transportation projects in Belgrade's recent history—the construction of Belgrade Metro Line 1. This initiative aims to alleviate the notorious congestion issues plaguing this bustling city of 1.7 million people, while also reducing pollution from vehicular travel. Since the project's inception in 2019, the construction process has been closely monitored and strategically executed to ensure timely completion.

Moreover, the company played a crucial role in the Gornji Milanovac Bypass, which opened its doors to traffic in early October 2024. This bypass has significantly eased commercial traffic flow, creating a vital logistics route.

Community Engagement and Cultural Contributions

In addition to its infrastructural commitments, POWERCHINA is deeply invested in social and cultural initiatives within Serbia. Starting May 1, 2024, they began constructing the Serbian National Stadium, a state-of-the-art facility designed to elevate Serbia’s sporting environment for both athletes and fans alike. As part of their community outreach, POWERCHINA is also organizing programs like the “China–Serbia Youth Friendship Dialogue.” Through such initiatives, they aim to foster connections between the youth of both nations, encouraging collaboration and cross-cultural exchange.

Their impact and dedication to local communities have not gone unnoticed; POWERCHINA received the Takovo Uprising Gold Medal for its contributions to the Gornji Milanovac Bypass project, a recognition awarded for its substantial benefits to the local populace.

Environmental Commitment

Central to POWERCHINA's operations in Eurasia is a commitment to environmental sustainability. In 2024, the company utilized over 900,000 tons of low-carbon concrete, reflecting its commitment to reducing carbon footprints. On a larger scale, POWERCHINA is aligned with global targets to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, pushing for cleaner and more sustainable energy solutions.

Internationally, POWERCHINA continues to broaden its portfolio in renewable energy. A recent partnership with Spain's Viroque Energy to develop the Arreaz Photovoltaic Power Station in Cádiz is one of the latest examples of their commitment to clean energy generation, expected to produce around 95,000 MWh of clean electricity annually.

Conclusion

Power Construction Corporation of China exemplifies how businesses can navigate global challenges while making significant local impacts. By prioritizing ESG principles, investing in local talent, and fostering sustainable development, POWERCHINA is paving the way for a sustainable and harmonious future, not just in Serbia, but globally.

For more details about POWERCHINA and its ongoing projects, visit en.powerchina.cn.