Zhi Tong Cai Jing·2026-02-13 11:37Core Viewpoint - China Power (02380) announced the signing of three independent general contracting agreements for the development of the Lubei Phase I project, which includes the construction of photovoltaic and wind power facilities, a booster station, and connecting transmission lines, with a total cost of RMB 768 million (approximately HKD 863 million) [1] Group 1: Project Details - The Lubei project is located in the saline-alkali land of Weifang, Shandong Province, and adopts a "photovoltaic and salt field" complementary model for synergistic development [1] - The project aims to enhance local energy structure and contribute to the national goal of building a "green energy belt in the lower Yellow River" while assisting the region's transition to a high-tech chemical industry [1] - The investment aligns with the company's green sustainable development strategy and is expected to enhance the group's long-term profitability [1] Group 2: Contracting Process - The company awarded the general contracting agreements through a rigorous competitive public bidding process on China's procurement and bidding platforms [2] - The costs associated with the three general contracting agreements are consistent with current market prices for comparable projects [2] - The board believes that the terms and costs of the general contracting agreements are not inferior to those offered by independent third parties [2]