GD Power Development (SHA:600795) plans to invest 4.51 billion yuan in the construction of the Dadu River Laoyingyan Level 1 Hydropower Station, according to a Shanghai Stock Exchange filing on Tuesday.
The Chinese power generation services provider will inject 919.6 million yuan into the capital of its subsidiary, Dadu River, which will manage the construction.
The project will have a total installed capacity of 300,000 kilowatts, the filing said.
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