On July 15, Fujian Longjing Environmental Protection Co., Ltd. On July 14, the company held the 31st meeting of the ninth board of directors to consider and approve the proposal of Xinjiang Kizilsuker Autonomous Prefecture Phase I 300 MW Photovoltaic Project (hereinafter referred to as the "Project").
The company plans to build the first phase of the project in Wuqia County, Kizilsukol Autonomous Prefecture, Xinjiang, which is a 300MW source-network-load-storage integration project, with a total investment of about 1.075 billion yuan and an area of about 9450 mu. It is planned to start construction on August 30, 2023, with a construction period of 4 months. The project will be invested and constructed by Zijinlongjing Clean Energy (Wuqia County) Co., Ltd. (Hereinafter referred to as the "Project Company"), a wholly-owned subsidiary of Zijinlongjing Clean Energy Co., Ltd. The first phase of the project is planned to meet the electricity demand of Xinjiang Zijin Nonferrous Metals Co., Ltd., Xinjiang Zijin Zinc Industry Co., Ltd. and Xinjiang Zijin Gold Co., Ltd., the holding subsidiaries of Zijin Mining, in accordance with the "self-use" access mode. It is estimated that the project will generate 460 million kilowatt-hours of electricity annually, with 1,680 effective utilization hours in the first year. The
project company has obtained the record of 1GW photovoltaic project in Wuqia County, Kezhou, Xinjiang on July 5 this year. The project is planned to have two and three phases in the future. Subsequently, the company will start the construction of the second phase of 300 MW photovoltaic and the third phase of 400 MW photovoltaic projects in due course according to the allocation of resources and the demand for electricity.
This investment is the first time that the company has set foot in the centralized photovoltaic power generation business , and there are risks related to insufficient technology accumulation and talent reserve. The investment amount of the project is large, which may affect the cash flow of the company. The company will co-ordinate the fund arrangement, reasonably determine the source of funds, payment methods, payment arrangements, etc., to ensure the smooth implementation of the project.
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