Power China Undeterred by African Defaults But Changes Approach

Power Construction Corp. of China, one of the world’s largest engineering and construction companies, said it plans to continue to seek African business despite a series of sovereign defaults.

The Beijing-based state-owned company, known as Power China, has built a portfolio of some of Africa’s most prestigious infrastructure developments. It has has worked on projects ranging from a giant Ethiopian hydropower dam to solar and wind plants across the continent.