Tianneng Co., Ltd. (688819.SH) issued an announcement. The company's subsidiary Zhejiang Tianneng Energy Storage Co., Ltd. (“Tianneng...
Zhitong Finance App News, Tianneng Co., Ltd. (688819.SH) announced that the company's subsidiary Zhejiang Tianneng Energy Storage Co., Ltd. (“Tianneng Energy Storage”) intends to establish a joint venture with Baiyin Nonferrous Group Co., Ltd. (“Baiyin Nonferrous”) and Gansu Jinzhun Silk Road Revitalization Private Equity Fund Management Co., Ltd. (“Jinzhuo Silk Road Fund”) to establish a joint venture to invest in the construction of shared energy storage power plants and related new energy industry projects.
The joint venture plans to have a registered capital of 500 million yuan; Tianneng Energy has pledged an investment of 230 million yuan, holding 46% of the shares; Baiyin Nonferrous has pledged an investment of 170 million yuan, holding 34% of the shares; and the Green Ecological Clean Industry Fund will invest 100 million yuan and hold 20% of the shares.