WOR 0.87% $13.87 worley limited

China to spend $493 billion on green power by 2020

  1. 249 Posts.
    1) WorleyParsons China is the largest international Engineering, Procurement and Construction Management (EPCM) service provider in China. The business provides an extensive range of project delivery and engineering services to customers in theHydrocarbons, Minerals, Metals & Chemicals, Infrastructure industries.

    2) Advisian is a leading provider of environmental management and social performance services, providing clients with a strategic and complete approach to their interfaces with natural, physical, social, cultural, regulatory and built environments - wherever they choose to develop and operate assets.

    3) China will plough 2.5 trillion yuan ($493 billion) into renewable power generation by 2020, the country's energy agency says, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels.

    (1 + 2) x 3 = "huge opportunities for WOR"

    If WOR gets a large share of this spend SP could get back to its stellar days.
 
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