Jinkai New Energy (600821.SH) plans to jointly invest in the construction of the Weihe coal power project with the relevant party Jinrong Guojin

Zhitong Finance App News, Jinkai Xinneng (600821.SH) announced that Jinkai Xinneng (Guizhou) Energy Co., Ltd. (hereinafter referred to as “Jinkai Guizhou”), a wholly-owned subsidiary of the company, intends to acquire the controlling interest of Guiyang Energy Group Hezhang Electric Power Co., Ltd. (hereinafter referred to as the “Target Company”), with a shareholding ratio of not less than 60%; the target company holds the Guizhou Weihe 2×660MW ultra-supercritical fluidized bed coal power project (hereinafter referred to as the “Weihe Project” or the “Target Project”). The indirect controlling shareholder of the company, Tianjin Jinrong Guojin Investment Co., Ltd. (hereinafter referred to as “Jinrong Guojin” or “related party”), a wholly-owned subsidiary of Tianjin Jinrong Investment Service Group Co., Ltd., plans to acquire 7.50% of the shares in the target company. After the share acquisition was completed, Jinkai Guizhou and Jinrong Guojin held a total share ratio of not less than 67.50% of the shares in the target company.

The target company, Guiyang Energy Group Hezhang Electric Power Co., Ltd., holds the target project - the Guizhou Weihe 2×660MW ultra-supercritical circulating fluidized bed coal power project. The target project is located in Caishen Town, Hezhang County, Bijie City, Guizhou Province. It is planned to build a 2×660MW ultra-supercritical fluidized bed coal-fired generator set, use high-sulfur anthracite, and simultaneously build flue gas desulfurization and denitrification devices and related public supporting facilities, with a total installed capacity of 1,320 MW.