Power Construction Corporation of China (POWERCHINA) is a wholly state-owned company set up in September 2011 on the basis of 14 provincial/ municipal/regional electric power survey and design, engineering and equipment manufacturing enterprises formerly affiliated to Sinohydro Group Ltd., HydroChina Corporation, State Grid Corporation of China and China Southern Power Grid Company Limited. POWERCHINA is an integrated construction group that provides investment and financing, planning design, engineering construction, equipment manufacturing and operation management for hydraulic and hydropower projects and infrastructure, and its principal businesses include energy and power and construction engineering (including investiagtion, planning, design and project contracting),water ecological environmental governance and development and operation of other resources, real estate development and operation, and the manufacture and lease of related equipment. In addition, upon the authorization of relevant national ministries/commissions, POWERCHINA also undertakes functions such as national planning and review of hydropower, wind power, solar power and other clean energy and new energy sources. POWERCHINA ranks first in the global industry of electric power construction in terms of the planning, design and construction capability and performance.   POWERCHINA PHILIPPINES CORPORATION is a newly registered affiliate of POWERCHINA in Philippines.