Jovo Energy(SH:605090) Ge Long Hui·2025-09-29 08:12Group 1 - The company, Jiufeng Energy, plans to invest in the Xinjiang coal-to-natural gas project, collaborating with Xinjiang Qinghua Energy Group and Henan Future Silk Road Clean Energy Partnership, with a total investment of RMB 230.33 billion [1] - Jiufeng Energy's contribution will not exceed RMB 34.55 billion, and it will hold a 50% stake in the second phase of the project, which is expected to produce 2 billion cubic meters of natural gas annually [1] - The board has authorized the management to sign joint venture agreements with partners under legal and fair principles [1] Group 2 - The feasibility of the project is supported by the approval from the National Development and Reform Commission for the first phase, which has a production capacity of 5.5 billion cubic meters of coal-to-natural gas [2] - The project will consume approximately 11.796 million tons of raw coal annually, primarily sourced from the Yining mining area, ensuring a stable supply of coal resources [2] - The project has obtained water usage permits for an estimated annual water consumption of about 22.316 million cubic meters, meeting the project's requirements [2] - A 43-kilometer gas pipeline has been completed to connect the coal-to-gas base to the national pipeline network, facilitating the distribution of natural gas [2] - The first phase of the project has been operating at full capacity, and the coal-to-gas industry has matured over the past decade, providing a solid foundation for the project's implementation [2]