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China Southern Power Grid Energy Storage Invests in Energy Fund, Hydropower Projects
China Southern Power Grid Energy Storage (SHA:600995) will invest up to 100 million yuan in a 5 billion yuan energy fund, the company said in a filing on the Shanghai Stock Exchange.The fund,
China Southern Power Grid Energy Storage (600995.SH): Currently has 9 pumped storage projects under construction with a total installed capacity of 10.8 million kilowatts.
China Southern Power Grid Energy Storage (600995.SH) recently stated during a reception for institutional investors that the company currently has a total of 9 construction projects for pumped storage, with a total installed capacity of 10.8 million kilowatts. According to the plan, 2 projects with an installed capacity of 2.4 million kilowatts are planned to be completed and put into operation in the fourth quarter of 2025; the other 7 projects with an installed capacity of 8.4 million kilowatts are planned to be completed and put into operation during the "Thirteenth Five-Year Plan" period. Due to the lengthy construction process of pumped storage projects, there is a certain level of uncertainty regarding these plans.
China Southern Power Grid Energy Storage (600995.SH): Plans to invest 8.312 billion yuan to build a pumped storage power station in Yulin, Guangxi.
On July 15th, GeLong Hui reported that the 18th meeting of the eighth Board of Directors of China Southern Power Grid Energy Storage (600995.SH) approved the proposal to invest in the construction of the Yulin Pumped Storage Power Station project in Guangxi. The Yulin Pumped Storage project is located in Fumian District, Yulin City, Guangxi Zhuang Autonomous Region, with a direct distance of 28km and 160km from Yulin and Nanning, respectively. The planned installed capacity is 1.2 million kW (4 x 0.3 million kW), and the total investment of the project feasibility estimate is 8.312 billion yuan.
China Southern Power Grid Energy Storage (600995.SH): intends to participate in the establishment of Fund for Southern Grid Zhanxin.
On July 15th, Gelonghui reported that China Southern Power Grid Energy Storage (600995.SH) announced the establishment of the China Southern Power Grid Energy Storage Emerging Industries Fund (also known as the SouthNetWarrior Fund) in collaboration with SouthNet Fund Management Co., Ltd and some of South Southern Power Grid's wholly-owned and controlling subsidiaries, to vigorously promote the development of strategic emerging industries and expand profit growth points. The total amount of subscribed capital of the SouthNetWarrior Fund does not exceed RMB 5 billion. The company, SouthNet Fund, and some of South Southern Power Grid's wholly-owned and controlling subsidiaries will subscribe for 30% of the total amount of subscribed capital.
China Southern Power Grid Energy Storage (600995.SH): is cooperating with local energy regulatory authorities to prepare for participation in Guangdong spot market trades.
China Southern Power Grid Energy Storage (600995.SH) stated on the investor relations platform on June 21st that according to the "Regulations on Water Withdrawal Permits and Water Resource Fees" and the "Notice on Standardizing the Collection Standards for Water Resource Fees in Guangdong Province" issued by the Guangdong Provincial Development and Reform Commission, Guangdong Provincial Department of Finance, and Guangdong Province Department of Water Resources, units and individuals who directly utilize water resources from rivers, lakes, reservoirs or underground water sources within the administrative area of Guangdong Province through water intake projects or facilities must pay water resource fees in accordance with regulations, except for situations specified by laws and regulations, or jointly defined by the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Water Resources. The company strictly complies with legal and regulatory requirements.
China Southern Power Grid Energy Storage's (SHSE:600995) Returns On Capital Not Reflecting Well On The Business
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employe
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