SEPCO3
| Industry | Construction and engineering, power generation |
|---|---|
| Founded | 1985 |
| Headquarters | China |
Area served | China, Egypt, India, Indonesia, Jordan, Nigeria, Oman, Saudi Arabia, Singapore |
| Products | Power plant construction (thermal, nuclear, gas-fired, renewable energy), electrical substations |
Number of employees | 7000 (direct employees in India) (2011) |
SEPCO3, presented as sepcoIII, and formally known as Shandong Electric Power Construction Corporation III or SEPCO III (), is a Chinese enterprise specializing in construction and engineering with a focus on the design, development, operation, and ownership of power generation facilities.
The company executes power plant projects primarily through the EPC (Engineering, Procurement, Construction) turnkey lump-sum approach. Additionally, it undertakes development via BOT (Build-Operate-Transfer) and BOO(T) (Build-Operate-Own(-Transfer)) contractual frameworks. SEPCO3’s engineering capabilities encompass thermal, nuclear, and gas-fired plants—both simple and combined cycle—as well as renewable energy installations including wind, biomass, solar, hydropower, alongside electrical substation projects. Its operations are fully integrated vertically, covering logistics, shipping, operational management, maintenance services, design functions, and financial arrangements.
With a strategic focus on expanding its global footprint, SEPCO3 has completed numerous projects across countries such as Egypt, India, Indonesia, Jordan, Nigeria, Oman, Saudi Arabia, and Singapore. In India particularly, the firm accounted for a 20% portion of the power generation construction sector in 2011—a notable share within the collective 50% market presence held by Chinese companies. From 2005 to 2011, SEPCO3 secured contracts worth approximately US$9 billion within the Indian market. Its Indian subsidiary directly employs around 7,000 personnel and engages over 50,000 additional workers through subcontracting arrangements. The company’s leadership has targeted increasing local management participation by elevating Indian nationals to roughly half of managerial positions as of 2011.