Core Viewpoint - The successful commissioning of the 100 MW solar power project in Zambia marks a significant milestone in the country's energy diversification efforts, aiming to reduce reliance on hydropower and support economic development [2][3]. Group 1: Project Overview - The Zambia Kabwe 100 MW solar project is the largest single photovoltaic project in Zambia, covering an area of 106 hectares [3]. - The project includes the construction of a 100 MW solar power station, a 33/132 kV booster station, and a 2.7 km double-circuit 132 kV transmission line, along with the expansion of an existing substation [3]. - It is expected to generate an annual electricity output of 180 million kWh, which can meet the annual electricity needs of 150,000 households, alleviating 30% of the power shortage in the region [3]. Group 2: Economic and Social Impact - The project has created over 1,350 jobs during its construction phase and has contributed to the improvement of surrounding infrastructure [3]. - The integration of 100 MW of clean energy into the national grid will directly support local mining operations and agricultural irrigation, benefiting local small and medium-sized enterprises [2][3]. Group 3: Bilateral Relations and Future Goals - The project is seen as a testament to the strong bilateral relations between China and Zambia, with China pledging continued support for Zambia's goal of achieving 1,000 MW of solar power generation [2][3]. - The Zambian government recognizes the importance of energy diversification in ensuring sustainable economic growth, especially in light of recent severe drought challenges [2].

Core Viewpoint - Saudi Aramco and China Electric Power Construction Group Shandong Company celebrated the completion of land works for the King Salman International Port project, which is a key part of Saudi Arabia's Vision 2030 [1] Group 1: Project Overview - The King Salman Port project is located in the Ras Al Khair Industrial City in the Eastern Province of Saudi Arabia and was personally inaugurated and named by King Salman [1] - The project is a joint investment between Saudi Aramco and IMI International Port Company, with the main contract for sections P4-P5-P6 exceeding $3 billion [1]

Core Viewpoint - Compressed Air Energy Storage (CAES) is recognized as one of the most promising large-scale energy storage technologies, with significant growth potential in China due to strong government support and increasing demand for energy storage solutions [1][4][24]. Group 1: Industry Definition and Working Principle - CAES technology utilizes compressed air for energy storage, allowing for large capacity and long-duration energy storage [2][4]. - The system operates by compressing air, storing it, and then releasing it to generate electricity when needed, following a process similar to gas turbines [2][4]. Group 2: Current Industry Status - CAES has been commercially operational in developed countries since the 1950s, with the U.S. and Germany leading in technology development [4][5]. - As of May 15, 2025, China has 13 operational CAES projects with a cumulative installed capacity nearing 1000 megawatts [7][8]. Group 3: Industry Development Environment - The Chinese government has implemented various policies to promote the development of CAES, emphasizing its role in enhancing the stability and efficiency of the power system [14][16]. - The investment in China's power grid construction reached 527.7 billion yuan in 2023, with expectations to complete 600 billion yuan in 2024, supporting the growth of CAES [11][14]. Group 4: Competitive Landscape - The CAES industry in China features a limited number of participants due to high technical barriers, with key players including China Energy Engineering Group, China Power Construction Group, and others [17][19]. - China Energy Engineering Group is notable for its comprehensive involvement in CAES, from technology R&D to project investment [19][20]. Group 5: Future Development Trends - CAES is expected to play a crucial role in addressing energy shortages and environmental issues, with advancements in technology likely to enhance efficiency and economic viability [24]. - The integration of 5G, AI, and big data analytics is anticipated to elevate CAES systems to new levels, supported by increasing government policy backing [24].

Core Viewpoint - The China Securities Index for Modern Energy of State-Owned Enterprises has shown mixed performance, with a slight increase recently but a year-to-date decline, reflecting the overall trends in the modern energy sector [1][2]. Group 1: Index Performance - The index closed at 1284.8 points, with a trading volume of 20.648 billion yuan [1]. - Over the past month, the index has increased by 1.23%, and over the last three months, it has risen by 1.36%, while it has decreased by 4.08% year-to-date [1]. Group 2: Index Composition - The index is composed of 50 listed companies involved in green energy, fossil energy, and energy transmission and distribution, reflecting the performance of modern energy theme companies [1]. - The top ten weighted companies in the index include: - Changjiang Electric Power (10.02%) - Guodian NARI Technology (7.44%) - China Nuclear Power (6.4%) - Three Gorges Energy (5.1%) - Aluminum Corporation of China (4.68%) - Guodian Power (3.71%) - China Power Construction (3.49%) - China Shenhua Energy (3.08%) - State Power Investment Corporation (3.01%) - China National Petroleum Corporation (2.97%) [1]. Group 3: Market and Sector Breakdown - The Shanghai Stock Exchange accounts for 81.96% of the index's holdings, while the Shenzhen Stock Exchange represents 18.04% [1]. - In terms of industry distribution, the index's sample shows: - Utilities: 44.88% - Industrials: 22.59% - Energy: 17.31% - Materials: 14.35% - Communication Services: 0.88% [2]. Group 4: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2]. - Public funds tracking the index include: - Harvest CSI National New State-Owned Enterprises Modern Energy Link A - Harvest CSI National New State-Owned Enterprises Modern Energy Link C - ICBC CSI National New State-Owned Enterprises Modern Energy ETF - Bosera CSI National New State-Owned Enterprises Modern Energy ETF - Harvest CSI National New State-Owned Enterprises Modern Energy ETF [2].

Core Insights - Indonesia aims to increase the share of clean energy from 13.09% to 31% by 2050, with significant participation from Chinese companies in developing clean energy projects [1] Geothermal Energy Projects - The Lumutbalai Phase II geothermal project, with a capacity of 55 MW, has successfully connected to the grid, showcasing advanced technology from Chinese enterprises [2] - Indonesia is the second-largest geothermal power producer globally, with over 40% of the world's geothermal resources, and plans to increase its geothermal capacity from 2.6 GW to 7.9 GW by 2035 [1][2] Hydropower Developments - The Batang Hydropower Station, with a total capacity of 510 MW, is set to be completed by the end of this year, expected to generate 2.228 billion kWh annually, significantly alleviating power supply pressure in North Sumatra [4][5] - The project will replace coal and diesel power plants, contributing to Indonesia's green energy transition and creating over 4,000 jobs during construction and operation [5][6] Solar Energy Initiatives - The Karawang 100 MW solar project is the largest land-based solar project in Indonesia, expected to provide over 150 million kWh of clean electricity annually, meeting the needs of approximately 112,000 households [7] - The project incorporates advanced smart technology, enhancing operational efficiency and reducing maintenance costs, while supporting Indonesia's industrial competitiveness [7]

Group 1 - The State Intellectual Property Office of China has published a patent application for a "clarification zone height detection device and flocculant dosing system" by China Electric Power Construction Group Central South Survey and Design Institute Co., Ltd. and China Electric Power Construction Environmental Protection Technology Co., Ltd. The patent was published under CN120208383A with an application date of March 2025 [1] - The patent describes a device that includes a clarifier and a support structure equipped with two gravity monitoring devices, which are used to detect the height of the clarification zone and sedimentation zone [1] Group 2 - China Electric Power Construction Group Central South Survey and Design Institute Co., Ltd. was established in 1994 and is based in Changsha. The company primarily engages in the production and supply of electricity and heat, with a registered capital of 135 million RMB. It has invested in 88 companies and participated in 5,000 bidding projects, holding 58 trademark records and 1,966 patent records [2] - China Electric Power Construction Environmental Protection Technology Co., Ltd. was founded in 2014, also located in Changsha, focusing on ecological protection and environmental governance. The company has a registered capital of 10 million RMB, invested in 1 company, participated in 419 bidding projects, and holds 1 trademark record and 124 patent records [2]

Industry Summary - The Central Committee of the Communist Party of China and the State Council have issued opinions on the comprehensive promotion of river protection and governance, emphasizing the integrated utilization of water resources [1] - The development of pumped storage hydropower is highlighted as a key support for building a new power system, especially with the large-scale integration of renewable energy [1] - By the end of 2024, the cumulative installed capacity of pumped storage in China is expected to reach 58.69 million kilowatts, maintaining the world's leading position for nine consecutive years [1] - An additional 8 million kilowatts is projected to be added by 2025, bringing the total installed capacity to approximately 66 million kilowatts [1] - The southwestern region of China is identified as a key area for hydropower and pumped storage development due to its abundant water resources and supportive policies [1] Company Summary - China Power Construction Corporation holds approximately 90% of the domestic market share in the planning and design of pumped storage, and about 80% of the construction project share [2] - Deep Water Planning Institute specializes in providing surveying, design, planning consulting, and project management services for water construction projects, with mature technology in pumped storage engineering [2] - The company possesses comprehensive Class A qualifications for engineering surveying and Class A qualifications for water conservancy engineering design, meeting the design needs for pumped storage power stations [2]

北京市嘉源律师事务所 关于中国电力建设股份有限公司 2024 年年度股东大会的 法律意见书 嘉源律师事务所 JIA YUAN LAW OFFICES 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 中国电建 · 2024 年年度股东大会 嘉源 · 法律意见书 ̣ 源 律师 事务 所 A YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:中国电力建设股份有限公司 北京市嘉源律师事务所 关于中国电力建设股份有限公司 2024 年年度股东大会的 在本法律意见书中,本所律师仅对本次股东大会的召集、召开程序、出席会 议人员资格、召集人资格、会议表决程序、表决结果等所涉及的有关法律问题发 表意见,不对本次股东大会审议的议案内容以及该等议案所表述的事实或数据的 真实性及准确性发表意见。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证券法律 2 中国电建 · 2024 年年度股东大会 嘉源 · 法律意见书 业务管理办法》和《律师事务所证券法律业务执业规则 ...

证券代码：601669 证券简称：中国电建 公告编号：2025-036 中国电力建设股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 1．公司在任董事8人，出席5人，独立董事孙子宇、张国厚及董事刘易因工 作原因未能出席本次会议； 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2025 年 6 月 26 日 (二) 股东大会召开的地点：北京市海淀区玲珑巷路 1 号院 1 号楼中电建 科技创新产业园 A 座 806 会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情 况： | 1、出席会议的股东和代理人人数 | 2,940 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 9,788,113,663 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的 | | | 比例（%） | 56.8212 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会 ...

Core Viewpoint - China Power Construction Corporation (CPCC) has reported significant growth in new contracts, particularly in the new energy storage sector, indicating a strong market demand and expansion in both domestic and international markets [1][5]. Summary by Categories New Contracts Overview - In the first five months of 2025, CPCC signed 65 new energy storage projects with a total contract value of 10.75 billion RMB. The total domestic contract amount reached 377.61 billion RMB, while the international contract amount was 96.40 billion RMB, reflecting a year-on-year growth of 30.51% [1][5]. Project Details - Notable new contracts exceeding 500 million RMB include: - Yumen 200MW/800MWh independent shared energy storage project with a contract value of 1.016 billion RMB [2]. - Bazhong Kefa 410MW liquid-cooled lithium iron phosphate/titanate lithium regional centralized independent mixed energy storage project with a contract value of 810 million RMB [2]. Business Type Performance - The breakdown of new contracts by business type is as follows: - Energy Power: 2408 projects, 301.25 billion RMB, up 4.44% - Hydropower: 488 projects, 65.39 billion RMB, up 60.66% - Wind Power: 531 projects, 101.80 billion RMB, up 67.33% - Solar Power: 482 projects, 85.48 billion RMB, down 32.61% - Thermal Power: 224 projects, 14.70 billion RMB, down 62.28% - New Energy Storage: 65 projects, 10.75 billion RMB [2][4]. Regional Contract Performance - The contract amounts by region are: - Domestic: 377.61 billion RMB, down 6.67% - International: 96.40 billion RMB, up 30.51% - Total: 474.01 billion RMB, down 0.93% [5]. Major Projects - Significant projects include: - Egypt 1100MW Suez Bay Wind Power Project: 5.972 billion RMB - Nicaragua Mohelka Hydropower Station: 3.271 billion RMB - Bazhong Kefa 410MW energy storage project: 810 million RMB [6][7]. Additional Insights - The report highlights a growing interest in energy storage solutions, with 48 new policies related to energy storage released in May, indicating a supportive regulatory environment for the sector [9].