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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.
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
Citic Securities: The construction of a new electrical utilities system promotes the sustainable development of the power grid. It is expected that the investment growth rate of the power grid in 2025 will maintain double-digit growth.
In 2025, electrical utilities construction will continue to focus on the long-term requirements of "dual carbon" transformation and the construction of new power systems, continuing the trend of balancing the main grid and the distribution side of electrical utilities.
China Logs 15% Rise in Installed Power Generation in January-October
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