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National Energy Administration: By the end of December 2024, the cumulative installed generation capacity in the country is approximately 3.35 billion kilowatts, an increase of 14.6% year-on-year.
As of the end of December, the cumulative installed power generation capacity nationwide is approximately 3.35 billion kilowatts, a year-on-year increase of 14.6%.
JNCEC (00579) has appointed Zhang Qichang as co-company secretary and legal process agent.
JNCEC (00579) announced that Mr. Liang Zhijie has resigned as the company's co-secretary and legal process agent...
CITIC SEC: In 2025, the power grid will face intense policy-driven catalysts; it is recommended to invest in the Ultra High Pressure Sector with strong policy synergy.
The bank is Bullish on the fact that grid investment will maintain double-digit growth in 2025, and it is expected that with the implementation of key matters such as the subsequent National Grid annual work conference, the Industry will enter a phase of intensive policy catalysis.
JNCEC (00579.HK): Dacha Company has reached an agreement with the local government authorities regarding the compensation for the exit of four hydropower stations.
On December 27, Gelonghui reported that JNCEC (00579.HK) announced that Dachuan Company reached an agreement with the local government authority on the compensation matters for the withdrawal of four hydropower stations on December 26, 2024. After a joint asset evaluation by a third-party asset evaluation institution commissioned by both Dachuan Company and the local government authority, the total compensation cost related to the withdrawal of the four hydropower stations amounts to 440.64 million yuan. Both parties will sign a supplementary agreement regarding the specific payment arrangements.
China Galaxy Securities: Spot market pricing is based on supply and demand, and mergers and acquisitions of Electrical Utilities central enterprises are expected to accelerate.
China Galaxy Securities believes that, from the perspective of underlying pricing logic, spot electricity prices are mainly influenced by fuel costs and the supply and demand of Electrical Utilities. Against the backdrop of a downward shift in coal price fundamentals, it is expected that thermal power companies in provinces with a high proportion of market coal and strong layout demand will have supported profits in 2025.
goldensolar plans to sell 100% equity of its subsidiary in Shangyi County and assist in the construction of a 0.2 million kilowatt power station.
Goldensolar (01121) announced that the company and its wholly-owned subsidiary, Shanyang County Goldensolar Technology Co., Ltd. (target company), have entered into several agreements regarding the construction of a new high-efficiency 0.2 million kilowatt photovoltaic technology power station project in Shanyang County, Zhangjiakou City, Hebei Province. The group has been granted the rights to develop the project in accordance with applicable laws in China, and the target company has been established to undertake the project. The target company has signed an Engineering, Procurement and Construction (EPC) contract for the project, with a contract value of approximately 0.9 billion yuan. In addition, the company and the target company have reached an agreement to sell all of the company’s equity in the target company.
