On August 28, the 200 MW/800 MWh Independent Energy Storage Power Station in Pingxiang Industrial Park, Guangxi, issued a notice of bid rejection. After internal verification, there are major violations of laws and regulations in project bidding and contracting, so the bid is rejected and the first successful candidate is disqualified.
The announcement disclosed that when the project started bidding, it still did not meet the legal bidding conditions. Without formal authorization, the project business agent privately handed over the official seal of Jiaqi Energy Storage to Shenzhen Yinengda New Energy Development Management Co., Ltd., which is still in the negotiation stage of equity acquisition intention, has not completed the transfer of equity and has not yet obtained the project disposal authority, for control and use.
The whole bidding, bid-winning announcement and EPC contract signing are all unauthorized operations of Shenzhen Yinengda, not the real intention of Jiaqi Energy Storage. According to the relevant regulations, the qualification of the first successful candidate shall be cancelled. It will reserve all rights to pursue its civil, administrative and even criminal legal liability.
Previous bidding information showed that the total investment of the project was 800 million yuan, and the bidding was launched in November 2025. The tenderer was Pingxiang Jiaqi Energy Storage Co., Ltd. and the first successful candidate was the consortium of China Construction and Installation Group, with a bidding price of 944 million yuan, equivalent to a unit price of 1.18 yuan/Wh.
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