Gelonghui, May 31, 丨 Changgao Electric (002452.SZ) announced that the 13th meeting of the sixth board of directors of the company held on May 31, 2024 reviewed and passed the “Proposal on Reviewing the Construction of a GIL Assembly Plant in Hunan Changgao Electric Co., Ltd.”, and agreed that the subsidiary Hunan Changgao Electric Co., Ltd. (hereinafter referred to as “Changgao Electric”) will use its own capital to invest in the construction of a GIL assembly plant. The total investment of the project is estimated at 96.2276 million yuan.
The project plans to build a GIL assembly plant and purchase related production and testing equipment. It has the ability to develop, produce and assemble GIL products with a voltage rating of 220-1000kV.