Guangxi Energy (600310.SH) plans to invest 8.334 billion yuan to build a pumped storage power station in Hezhou, Guangxi

Zhitong Finance App News, Guangxi Energy (600310.SH) issued an announcement. In order to implement the country's “double carbon” strategic goals, seize opportunities for pumped energy storage development, seize scarce regional savings resources, expand the scale of clean energy assets, and cultivate stable and long-term profitable growth points, the company plans to invest 8.334 billion yuan (dynamic investment) to build a pumped storage power plant in Hezhou, Guangxi. The installed capacity is 1.4 million kilowatts, and 4 single-stage mixed-flow reversible water pump turbines with a stand-alone capacity of 350,000 kilowatts are installed. The design is based on 6 hours of continuous full operation. According to the planned construction schedule, the project is expected to be fully completed and put into operation in the middle and late stages of the “16th Five-Year Plan”.

The company plans to invest in the construction of the Guangxi Hezhou Pumped Storage Power Plant, which focuses on the main power business, actively implements the national dual-carbon strategic goals, and promotes regional economic development and the company's new energy development. It is an important measure to optimize the company's power supply structure, greatly increase the company's clean energy installed capacity, and enhance the company's core competitiveness; it is conducive to cultivating new power points and profit growth points, and enhancing overall profitability.