China Machinery Engineering Corporation (CMEC) is a construction and engineering company, forming one part of the

China National Machinery Industry Corporation China National Machinery Industry Corporation (also known as Sinomach) is a Chinese conglomerate with businesses in tool making, construction equipment, agricultural equipment, and infrastructure construction. In two particular areas of constru ...

(Sinomach) group of companies. A specialization of CMEC is the construction of power projects in generation, transmission, and distribution. The company is present in

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

with representative offices in

Istanbul Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics ...

and

Ankara Ankara is the capital city of Turkey and List of national capitals by area, the largest capital by area in the world. Located in the Central Anatolia Region, central part of Anatolia, the city has a population of 5,290,822 in its urban center ( ...

. CMEC has operated in Turkey since the mid-1980s, and operations in the country accounted for 5% of global revenue by 2013. The total value of projects in Turkey amounted to 3 billion US dollars as reported in mid-2013 by the company with another 1 billion US dollars in project revenue set to be added to the total by the end of 2013. The work it takes on in Turkey includes the construction of a 600 MW supercritical thermal power plant, a project signed in 2007. Moving into investment, the company announced in 2013 the creation of an investment fund, based on its own equity capital and lines of credit from Chinese financial institutions, for power projects in Turkey. It signed a deal with

Argentina Argentina, officially the Argentine Republic, is a country in the southern half of South America. It covers an area of , making it the List of South American countries by area, second-largest country in South America after Brazil, the fourt ...

in 2010 to rehabilitate the Belgrano Cargas freight network, part of a series of railways that cross the central and northern parts of the country. In 2013, financing was announced for the project with a loan of 2.47 billion US dollars from

China Development Bank China Development Bank (CDB) is a policy bank of China under the State Council. Established in 1994, it has been described as the engine that powers the national government's economic development policies.

to finance the bulk of the costs. A second deal was signed in September 2015, doubling the original investment to 4.8 billion dollars. CMEC also built and partially owns two power plants in Nigeria, Omotosho Power Plants in Ondo State In January 2016, the company signed a 150 million euro deal with the city,

Tomislavgrad Tomislavgrad ( Cyrl, Томиславград, ), also known by its former name Duvno ( Cyrl, Дувно, ), is a town and the seat of the Municipality of Tomislavgrad in Canton 10 of the Federation of Bosnia and Herzegovina, an entity of Bosni ...

, in Herzegovina, to build a wind farm. The project will be finished in 2017.

References

China National Machinery Industry Corporation Government-owned companies of China Construction and civil engineering companies of China Chinese companies established in 1978 Construction and civil engineering companies established in 1978 {{China-company-stub