China Machinery Engineering Corporation
| Company type | State-owned enterprise |
|---|---|
| Industry | Engineering, Construction, Power projects |
| Founded | 1978 |
| Headquarters | Beijing , China |
Area served | Worldwide (notably Turkey, Argentina, Nigeria, Herzegovina) |
| Products | Power generation, transmission, distribution projects; railway network upgrades; wind energy facilities |
| Parent | China National Machinery Industry Corporation (Sinomach) |
China Machinery Engineering Corporation (CMEC) is an engineering and construction firm that operates under the umbrella of the China National Machinery Industry Corporation (Sinomach). The company focuses on executing power projects encompassing generation, transmission, and distribution segments.
CMEC has maintained a presence in Turkey since the mid-1980s, with operational bases in both Istanbul and Ankara. By 2013, Turkey represented 5% of CMEC's worldwide revenue, involving projects valued at $3 billion, with an anticipated additional $1 billion by the end of that year. Among its significant undertakings is a 600 MW supercritical thermal power station contract signed in 2007. In 2013, CMEC initiated an investment fund designed to utilize its own capital alongside credit facilities from Chinese financial institutions to support power initiatives within Turkey.
In Argentina, CMEC entered into a 2010 agreement to upgrade the Belgrano Cargas freight railway network, which serves central and northern regions. This project was backed by a $2.47 billion loan from the China Development Bank announced in 2013, followed by a second agreement in 2015 that increased funding to $4.8 billion.
Additionally, CMEC constructed and holds partial ownership of the Omotosho Power Plants located in Ondo State, Nigeria.
In January 2016, CMEC won a €150 million contract to develop a wind energy facility in Tomislavgrad, Herzegovina, with completion targeted for 2017.