Huadian Power International (HKG:1071, SHA:600027) approved an investment agreement to establish a joint venture for the development of the 1.80 million kilowatt Shandong Yiyuan, Shiqiao pumped storage project in China.
The venture, formed with Luzhong Holding and Huadian Hong Kong, will focus on energy storage and power generation.
Huadian Power will hold a 70% stake, while Luzhong Holding and Huadian Hong Kong will own 20% and 10%, respectively.
The agreement, set for execution by April 30, aligns with China's clean energy goals and strategic power development plans.
The power company's shares were up 1% at both Hong kong and Shanghai bourses in recent trading.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。