Core Viewpoint - Shenzhen Energy's subsidiary plans to invest 6.332 billion yuan in the upgrade and transformation of the Mawan Power Plant, aligning with national policies and regional power demands [1] Investment Details - The project will have an installed capacity of 2×660 megawatts [1] - Total investment for the project is 6.332 billion yuan, with 1.305 billion yuan funded from the company's own resources [1] - The remaining investment will be secured through financing [1] Strategic Importance - The project aims to meet the regional electricity load development needs and alleviate power supply pressure in western Shenzhen [1] - It aligns with the national "three reforms and one linkage" policy, supporting the construction of a new power system in the Guangdong-Hong Kong-Macao Greater Bay Area [1]

Core Viewpoint - Shenzhen Energy (000027) announced that its subsidiary, Shenzhen Mawan Power Co., Ltd., plans to invest 6.332 billion yuan in the upgrade and transformation of the Mawan Power Plant, focusing on coal power environmental alternatives for the first phase of the project [1] Investment Details - The project will have an installed capacity of 2×660 megawatts [1] - Out of the total investment, 1.304 billion yuan will be self-raised by Mawan Company, while the remaining funds are intended to be secured through financing [1] Strategic Alignment - The project aligns with the company's strategic development direction and aims to meet the regional electricity load growth needs [1] - It is designed to alleviate the power supply pressure in the western part of Shenzhen and complies with the national "three reforms linkage" policy [1] Risks Identified - The project faces risks related to fuel prices, electricity prices not meeting expectations, and tight construction schedules [1]