Core Viewpoint - China Nuclear Technology (00611.HK) has entered into agreements for the procurement and construction of energy storage systems, indicating a strategic move towards expanding its renewable energy capabilities and infrastructure [1] Group 1: Agreements and Financials - The company’s indirect wholly-owned subsidiary, Nanjing CNNC, has signed a procurement agreement with Envision Energy for energy storage system equipment at a purchase price of RMB 141.6 million [1] - A construction agreement has been established with Hebei Jingxia for installation and construction services, amounting to RMB 63.36 million [1] Group 2: Project Development - The transactions under the procurement and construction agreements are aimed at developing the Jiyuan Energy Storage Power Station [1] - The Jiyuan Energy Storage Power Station is expected to be connected to the grid and commence power generation by August 30, 2025, or earlier [1] - Upon completion, the Jiyuan Energy Storage Power Station will be owned and operated by the group [1]
中国核能科技(00611.HK)：订立储能系统设备采购及施工建设协议