Gelonghui, January 4: Suyan Jingshen (603299.SH) announced that in order to respond positively to the country's strategic plan to build a new power system, accelerate the demonstration promotion and application of new energy storage, and contribute to the development of future industries such as new energy storage in Jiangsu Province, after negotiations, the company plans to jointly invest and establish a joint venture with Jiangsu Guoxin Group Co., Ltd. (hereinafter referred to as “Huai'an Industrial Investment”) and Huai'an Industrial Investment Co., Ltd. (hereinafter referred to as “Huai'an Industrial Investment”) to make full use of their respective resources and advantages to cooperate in the construction of compressed air energy storage projects.
The project plans to build 2 sets of 250MW compressed air energy storage units, with a total energy storage capacity of 2,250 MWh, and a total planned investment of about 3,570 million yuan. The registered capital of the joint venture is 35% of the total planned investment, or RMB 125 million, of which Guoxin Group invested 75,000 million yuan, accounting for 60% of the registered capital; the company invested 425 million yuan, accounting for 34% of the registered capital; and Huai'an Industrial Investment invested 75 million yuan, accounting for 6% of the registered capital.