On November 27, Yunnan Energy Investment announced that the company signed an investment agreement with the People's Government of Anning City, Yunnan Province, on November 24 to carry out the project of air energy storage and power generation in salt caverns. The total investment of the
project is 1.8 billion yuan, with a planned land area of about 100 mu, of which the fixed assets investment is about 1.6 billion yuan, and the investment funds are self-raised by Yunnan Nengtou. The total construction period of the project is about 24 months, and the operation period after the project is put into operation is 40 years. The retired salt caverns of Kunming Salt Mine are mainly used as gas storage cavities. The ground system is planned to install a set of 300MW compression and power generation system, as well as related ancillary facilities. After
completion and operation, the annual main business income is expected to reach more than 145 million yuan, the annual power generation is about 500 million degrees, and the annual tax payment is more than 6 million yuan, which can solve the local employment of about 60 people.
Subsequently, Yunnan Nengtou will register and set up a new company to take charge of the construction and operation of the project.
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