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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%.
China Power Initiates Strategic Asset Pre-Restructuring
CHINA POWER (02380.HK) subsidiary enters into an external acquisition agreement with Wuling.
On January 17, Gelonghui reported that CHINA POWER (02380.HK) announced that on October 18, 2024, the company and Guangxi Company respectively entered into Restructuring Framework Agreement I and Restructuring Framework Agreement II with Spic Yuanda Environmental-Protection regarding the asset restructuring proposal. Before proceeding with the asset restructuring proposal, Wuling Power and Zhangzhou Hydropower will conduct pre-restructuring transactions as follows. On January 17, 2025, the relevant sellers (i.e., (i) State Power Investment Corporation contacts and (ii) Peking Xinying) entered into the Wuling External Acquisition Agreement with the buyer (i.e., Wuling Power), under which Wuling Power conditionally agreed to acquire the related seller conditionally.
Express News | China Power International Development - Wu Ling Power to Acquire Wu Ling External Acquisitions Interests for RMB1.23 Bln
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.
China Power International Development Limited (HKG:2380) Could Be Riskier Than It Looks
