Jovo Energy(SH:605090) Ge Long Hui A P P·2025-09-29 08:16Group 1 - Company announced the approval of an investment plan for the Xinjiang coal-to-natural gas project, with a total investment of RMB 230.33 billion, in collaboration with Xinjiang Qinghua Energy Group and Henan Future Silk Road Clean Energy Partnership [1] - Company plans to invest up to RMB 34.55 billion, which will account for 50% of the project's equity, corresponding to an annual production capacity of 2 billion cubic meters of natural gas [1] - The board has authorized the management to sign joint venture agreements 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, with all necessary environmental and safety assessments completed [2] - The project is expected to consume approximately 11.796 million tons of raw coal annually, with coal resources primarily sourced from the Yining mining area [2] - The project has secured water usage permits for an estimated annual water consumption of about 22.316 million cubic meters [2] - A 43-kilometer gas pipeline has been constructed to connect the coal-to-gas base to the national pipeline network, facilitating the supply of coal-derived natural gas [2] - The first phase of the project has been operating at full capacity, indicating a strong foundation for the second phase, supported by mature technology and sufficient professional talent in the coal-to-gas industry [2]