Beijing Energy International (00686) issued an announcementfinnorno3On May 2, 2024, Jingqiao (a subsidiary of the company as the employer) entered into an EPC contract with the consortium as the contractor. According to the EPC contract, the consortium will provide EPC services to Jingqiao to build the EPC project. The contract price under the EPC contract is approximately RMB6finnorno3.77 billion yuan (including tax).
The subject matter is that the consortium agreed to provide EPC services to Jingqiao as an EPC contractor to build an EPC project. EPC services under the EPC contract include, among others, all survey, design, equipment and material procurement, construction, installation, testing and acceptance work within the scope of the EPC project.
The consortium is a consortium composed of Shanxi Electric Power Construction (as the leader of the consortium) and Hunan Electric Power Design Institute (as a member of the consortium). The EPC project is a photovoltaic power generation project located in Chongqing City, China, with a total planned construction capacity of 150 MW.
The announcement stated that after considering the development of the photovoltaic industry in China and the expected return on investment, the company is optimistic about the prospects of the industry in the foreseeable future.