(Yicai) Nov. 1 -- Power Construction Corporation of China, a state-owned energy infrastructure contractor, said two units have secured engineering, procurement, and construction contracts for two big overseas projects worth USD1.76 billion.

Power Construction's Argentinian unit inked a USD957 million EPC contract with the owner of a project in the country's Catamarca and Tucumán provinces to build a comprehensive key water-control project, its Beijing-based parent company announced yesterday.

Powerchina International Group has penned an EPC contract worth USD803 million to construct a wind farm with a capacity of 1,000 megawatts and auxiliary facilities in Sekong province, Laos, Power Construction said in a separate statement released the same day.

The two subsidiaries will be responsible for the design, supply of materials, and construction of their respective projects, Power Construction noted.

Building work on the Argentinian project, which will include a main dam, diversion tunnel, diversion canal, and other facilities, is scheduled to last 54 months. The local unit will also build related facilities for power transmission and transformation and be responsible for providing homes and other living facilities to 42 households that will be relocated for the project, it added.

The project in Laos has an estimated construction time of 40 months and includes related electricity transmission infrastructure besides the wind farm.

Power Construction is a large contractor for building clean and low-carbon energy, water resources, and environmental infrastructure. Its largest sewage processing project, located in Bangladesh, became operational in April, according to its 2022 earnings report. It also laid Argentina's biggest gas pipeline and built Brazil's largest waste-to-energy generation project.

Shares of Power Construction [SHA: 601669] fell 0.8 percent to finish at CNY5.22 (71 US cents) apiece in Shanghai today.

Editor: Martin Kadiev