of February 15, China Nengjian announced that the total amount of funds raised by the company's proposed non-public offering (including issuance fees) would not exceed 15.00 billion yuan (including 15.00 billion yuan). The net proceeds raised after deducting the issuance expenses will be used for the following projects:
As the national team of traditional energy power construction, China Nengjian has made great efforts in new energy construction in recent years. In 2022, new orders for new energy infrastructure business amounted to 355 billion yuan, an increase of 83.9% over the previous year, and the proportion of total orders increased from 22.1% in 2021 to 33.8% in 2022.
This project involves a number of new energy power generation projects, including photovoltaic, wind power and so on.
According to the disclosure, Zhongneng Hami "Photovoltaic (Thermal) Storage" Multi-energy Complementary Integrated Green Power Demonstration Project is located in Xinjiang Uygur Autonomous Region, with a total installed capacity of 1500MW, including 1350MW photovoltaic and 150MW thermal storage photothermal. It is developed and constructed according to the integrated mode of "photothermal + photovoltaic". The project is expected to be completed and put into operation before December 30, 2025, with a total investment of 8.082 billion yuan and a planned fund-raising of 3 billion yuan. The photothermal + photovoltaic integration project of
China Energy Construction Group Zhejiang Thermal Power Construction Co., Ltd. is also located in Xinjiang. The total installed capacity of the project is planned to be 1GW, including 900MW photovoltaic power generation project and 100MW solar thermal power generation and energy storage project. The project is expected to be completed and put into operation before June 30, 2025, with a total investment of 6.112 billion yuan and a planned fund-raising of 3 billion yuan.
China Nengjian said that under the background of vigorously promoting the realization of the dual-carbon target and encouraging the development of "integration of wind, solar, water, fire and storage" and "integration of source, network, load and storage" projects, "integration of wind, solar, water, fire and storage" has become the mainstream of the development of new energy bases.
Gansu Qingyang "East Number West Calculation" Source Network Load Storage Integration Intelligent Zero Carbon Big Data Industrial Park Demonstration Project is located in Qingyang City, Gansu Province. The project construction includes data center engineering, integrated computing power resource management service platform and green computing power hub intelligent operation platform. The project is expected to be completed and put into operation by December 31, 2026.
Hubei Yingcheng 300MW Compressed Air Energy Storage Power Station Demonstration Project is located in Xiaogan City, Hubei Province. The installed capacity of the project is 300 MW, which is implemented by Hubei Chuyun Energy Storage Technology Co., Ltd., the holding subsidiary of the company. According to the project schedule, the project is expected to be completed and put into operation by March 31, 2024.
In addition, the owners of Bashi and Zankerdi wind power projects in Uzbekistan are ACWA POWER BASH WINDLLC and ACWA POWER DZHANKELDY WIND LLC. The project is an IPP project developed by the owner through negotiation with the Ministry of Foreign Investment and the Ministry of Energy of Uzbekistan. The total installed capacity of the project is 1GW, and the project mainly includes 158 6.5MW wind turbines, two 33kv/500kV booster stations and two 500kV overhead lines with a total length of about 290.5km. According to the disclosure, China Nengjian has signed the EPC Contract with the owner of the project, with a total contract value of 997 million US dollars, an estimated gross interest rate of 7.09%, and plans to use the raised capital of 2.5 billion US dollars.
The company said that after the issuance, listed companies will receive large cash inflows from fund-raising activities, and cash inflows from fund-raising activities will increase substantially. In the long run, this fund-raising investment project will provide strong support for the company's follow-up development, and will further enhance the company's sustainable development ability in the future.