CGN POWER(SZ:003816) Zhong Guo Jin Rong Xin Xi Wang·2025-05-06 11:56Core Points - The National Development Bank's Guangxi branch has issued the first project loan of 24.7 million yuan for the Baise pumped storage power station, accelerating project progress and supporting the optimization of Guangxi's energy structure [1] - The Baise pumped storage power station has a total installed capacity of 1.2 million kilowatts and a total investment of over 7.9 billion yuan, making it the first million-kilowatt pumped storage power station of China General Nuclear Power Group [1] - The project is included in the National Energy Administration's "14th Five-Year Plan" key project list for pumped storage development from 2021 to 2035 [1] Financial Support and Project Details - The National Development Bank's Guangxi branch has tailored a loan combination plan of "pre-loan + medium and long-term loan" to meet the project's funding needs, ensuring efficient loan disbursement [1] - The project will provide approximately 1.136 billion kilowatt-hours of clean electricity annually, saving about 590,000 tons of standard coal and significantly reducing emissions of carbon dioxide, sulfur dioxide, and nitrogen oxides [1] Green Finance Initiatives - The National Development Bank's Guangxi branch is committed to increasing green credit investments and promoting green financial products and services to support the comprehensive green transformation of Guangxi's economic and social development [2]