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Zhejiang Provincial No.1 Water Conservancy & Electric Power Construction Group Holdings Co. Ltd (Zhejiang Water Holding for short) was established in 1965, originally named as Zhejiang Hydropower Construction No. 1 Engineering Department at that time. In November 2011, the company standardized modern enterprise system and established Zhejiang Provincial No.1 Water Conservancy & Electric Power Construction Group Holdings Co. Ltd. The company is a highly qualified contractor specializing in top grade general contracting of hydroelectric construction. Until January 2016, it is the first province-owned enterprise with top grade qualification in hydraulic and hydroelectric engineering contraction and the only enterprise in Zhejiang province with the top grade qualification of hydraulic and hydroelectric engineering contraction. Meanwhile, it is also a business group integrating port and waterway project, municipal utilities and public civil project, foundation and base project, earth and stone works, highway project, bridge project, blasting and demolition project construction & building, industrial investment, irrigation works, detection service and motor vehicle driver training.