Signing Ceremony for the Memorandum of Understanding Between Newcom Mining Services LLC and Shanghai Electric Group

Ulaanbaatar, Mongolia, 15th of August 2019 – Newcom Mining Services LLC signed a Memorandum of Understanding (MOU) with Shanghai Electric Group, a Chinese multinational power generation and electrical equipment manufacturing company. Its products include thermal generator set (coal power, gas power), nuclear power units, solar & wind power equipment, power T&D equipment, environmental protection equipment, automation equipment, elevators, rail transit, machine tools, etc.

The MOU signifies the start of a collaboration between the two companies and agreed to explore ways of cooperation in the field of projects development in Mongolia via cross provision of engineering, technical assistance, and equipment supply the best of abilities.

We are honored to have become partner of the largest equipment manufacturing conglomerates and are looking forward to delivering high quality services to our customers.

About Shanghai Electric Group

Shanghai Electric Group Company Limited is principally engaged in design, manufacture and distribution of electric power and industrial equipment. The Company’s main business is new energy business, including the manufacture and sale of wind turbines and components and nuclear power equipment; efficient and clean energy business, thermal power equipment and power transmission and distribution equipment; industrial equipment, elevators and motors; modern service industry, including the contracting of construction projects of thermal power and transmission and distribution projects, as well as other businesses. The Company mainly operates its businesses in domestic and overseas markets.

To learn more about Shanghai Electric Group, please visit: www.shanghai-electric.com

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