SEPCO Electric Power Construction

Name

SEPCO Electric Power Construction

Legal name

SEPCO ELECTRIC POWER CONSTRUCTION CORPORATION

Website

https://en.sepco.net.cn

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Engineering, Procurement and Construction (EPC) Contracting for Power and Infrastructure

NAICS

Oil and Gas Pipeline and Related Structures Construction (23712)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Transmission line EPC & construction (overhead) (EUADAKAA), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• EPC contracting services
• Power plant construction
• Renewable energy projects
• Transmission infrastructure
• Petrochemical engineering

Headquarters

HQ city

Jinan

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC Turnkey Contracting: Engineering, Procurement, and Construction turnkey contracts for power plants, transmission infrastructure, refineries, and industrial facilities. Major contracts include $1.5 billion MGS Phase III expansion, $880 million Missan Refinery, and numerous power projects. EPC contract value totals US$22.1 billion.
2. International Project Investment and Development: Investment in overseas projects including BOT hydro-power projects like Cambodia's KAMCHAY (194.1MW, $340 million investment). IPP development model for renewable energy projects like WAD Ground-mounted PV Project in Saudi Arabia.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

SEPCO is an engineering, procurement and construction (EPC) turnkey contractor that designs, builds, finances and operates power generation, transmission, oil and gas, petrochemical, infrastructure and renewable energy projects for governments, utilities and energy companies across more than 35 countries. The company's portfolio spans 983 power generation units, 3,357 wind turbines totaling 6,170MW, 87 photovoltaic projects totaling 3,257MWp, and major oil and gas facilities including natural gas booster stations and coal-to-chemicals plants. SEPCO's hallmark is mastery of ultra-high Aramco and Shell specifications and integrated EPC delivery as a certified head contractor for Saudi Aramco.

Product overview

SEPCO Electric Power Construction Corporation is a wholly-owned subsidiary of Power Construction Corporation of China (PowerChina) established in 1952, providing comprehensive EPC (Engineering, Procurement, Construction) turnkey services for power and infrastructure projects globally. The company operates across six core business segments: International Projects (EPC contracting across 35 countries), New Energy Resources (wind power and solar PV), Energy Saving and Environmental Protection (waste incineration and biomass), Infrastructure Projects, Oil/Gas and Chemical Projects, and Traditional Energy Projects (nuclear, coal, gas). With total assets of 1.7 billion USD and cumulative overseas contract value of US $22.66 billion, the company specializes in mega-projects including the Saudi Aramco MGS Gas Booster Stations, King Salman Maritime Complex, Jazan IGCC Power Plant, and various renewable energy installations worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• International Project EPC Services EPC turnkey contracting for international power and infrastructure projects covering project development, financing, construction and operation for government and enterprise clients globally.
• New Energy Resources Projects (Wind and Solar PV) Renewable energy EPC and project development including wind power plants, photovoltaic power stations, energy storage and hydrogen energy projects for utilities, IPPs and energy companies.
• Infrastructure Projects General infrastructure EPC including housing, urban pipe corridors, industrial parks, roads and port facilities for governments and industrial clients.
• Oil, Gas and Chemical Projects Petrochemical engineering EPC services covering natural gas booster stations, natural gas purification plants, and coal-to-chemicals/coal-to-liquids facilities for oil and gas majors and ministries.
• Traditional Energy Projects EPC for conventional power plants spanning nuclear, ultra-supercritical coal, sub-critical coal, gas and oil-fired generation for utilities and grid operators.
• Energy Saving and Environmental Protection Projects EPC and project development for waste-to-energy power plants, biomass power generation, and seawater desalination facilities aligned with national energy conservation and environmental protection policies.

Quantifiable outcome

• 3,357 wind turbines totaling 6,170MW completed
• +6 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered strategic, major and core.

• HoneywellstrategicTechnology or Integration · 28 February 2024Meeting between SEPCO Party Secretary Zhou Tiejun and Honeywell Process Control Division Global President Pramesh Maheshwari to strengthen cooperation on upcoming initiatives. Both parties discussed establishing regular Technology Day events for technical teams to share insights on cutting-edge technologies. Honeywell expressed desire to develop beyond buyer-seller dynamic into genuine partnership utilizing SEPCO's extensive project implementation expertise.
• Kore PotashmajorStrategic or Co-development Partner · 10 May 2022SEPCO International Corporation in Dubai signed cooperation framework agreement with Kore Potash for Kola potassium mining project in Republic of Congo. Republic of Congo Minister of Mines and Geology Pierre Oba witnessed the signing. SEPCO dedicated to ensuring advancement of Kola project and contributing to Congo's development.
• TotalEnergiesmajorGTM or Marketing Partner · 22 April 2022TotalEnergies Renewables International (TERI) issued acceptance letter for WAD Ground-mounted PV Project (120MW) in Saudi Arabia. SEPCO won the bid for this project which is part of Saudi Arabia's third batch of Class A projects in National Renewable Energy Development Program. Project uses IPP development model with 18-month construction period.
• Power Construction Corporation of China (PowerChina)coreOthersSEPCO is a wholly-owned subsidiary of Power Construction Corporation of China (PowerChina). Parent company provides strategic direction, support, and coordination for international projects including POWERCHINA International Group Limited participation in major contracts.

Scale indicators19 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Dongfang Electric Corporation: Chinese state-owned power equipment manufacturer and EPC contractor with thermal, hydro, nuclear, and renewable capabilities. Combines equipment manufacturing with turnkey EPC execution for projects internationally.
• Shanghai Electric Group: Large Chinese diversified power equipment and EPC group spanning thermal, nuclear, wind, and solar projects globally. Significantly larger in scale but competes with SEPCO on international power plant EPC contracts.
• China Energy Engineering Corporation (CEEC): State-owned umbrella holding combining survey, design, and EPC capabilities across thermal, hydro, and renewable power generation. Significantly larger and more diversified than SEPCO but competes in the same international power EPC tender market.
• TBEA Co., Ltd. Chinese power equipment manufacturer and EPC contractor active internationally in transformers, solar, wind, and power transmission projects. Competes with SEPCO on renewable energy EPC and transmission infrastructure across Belt and Road markets.

Direct peers

• Técnicas Reunidas: Spanish EPC contractor specializing in oil and gas, refining, and power generation projects across the Middle East, North Africa, and Latin America. Competes with SEPCO for Aramco and other Middle Eastern megaprojects.
• China Machinery Engineering Corporation (CMEC): International EPC contractor headquartered in Beijing with strong Belt and Road presence across power plants, transmission, and industrial facilities. Competes directly with SEPCO on similar overseas power and infrastructure tenders.
• Hyundai Engineering and Construction: Major Korean EPC contractor executing oil and gas, petrochemical, and power projects across MENA, Southeast Asia, and the Americas. Direct competitor to SEPCO for Saudi Aramco megaprojects and large international power tenders.
• SEPCO III Electric Power Construction Corporation: Sister subsidiary under PowerChina, offering overlapping international EPC services across power, oil and gas, and infrastructure. Competes head-to-head with SEPCO for similar middle eastern, African, and south Asian tenders.
• Harbin Electric International Company Limited: Chinese EPC contractor specializing in overseas power plant construction and power equipment supply across thermal and renewable segments. Competes directly with SEPCO on international EPC tenders and works on similar Aramco and MENA projects.
• China Gezhouba Group Company (CGGC): Major Chinese state-owned EPC contractor for hydropower, thermal power, and transmission projects with strong Belt and Road presence. Competes with SEPCO in international power plant tenders and renewable energy projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sepco-electric-power-construction-corporation

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SEPCO Electric Power Construction