Core Points - The company has approved an investment decision for the Heilongjiang Huadian Fularji Power Plant's 2×66 MW cogeneration unit and renewable energy integration project, with a total investment of 12.043 billion yuan [9][11][21] - The board meeting held on November 7, 2025, confirmed the investment proposal, which will be submitted for approval at the second extraordinary general meeting of shareholders in 2025 [2][4][12] - The project aims to enhance the company's competitiveness and profitability while aligning with national industrial policies for green transformation [19][21] Investment Overview - The investment involves expanding the Fularji Power Plant with two 66 MW supercritical coal-fired cogeneration units, replacing six existing 20 MW units, with a total investment of 5.96 billion yuan [13] - The renewable energy component consists of six wind power projects with a total investment of 6.083 billion yuan, planned to be operational between 2028 and 2029 [14][19] - The project is expected to improve energy supply security and support regional economic development [21] Approval Process - The investment decision has been reviewed and approved by the company's strategic committee and requires further approval from the shareholders' meeting [2][12] - The project has completed feasibility studies and necessary board approvals, with ongoing efforts to secure local government approvals for the wind projects [17][18] Financial Structure - The project will be financed with 20% equity, amounting to 2.409 billion yuan, while the remaining 9.634 billion yuan will be sourced through loans [20] - The investment is anticipated to contribute positively to the company's financial performance and align with future industry trends [21]