Jointo Energy Investment (000600.SZ) plans to invest 525 million yuan to participate in the implementation of the Hengfeng Power Plant expansion project.

Jointo Energy Investment (000600.SZ) announcement, the company will jointly invest with State Energy Group Hebei Electric Power Co., Ltd. ("State Energy Hebei Company") to establish a company and carry out the development and construction work of the State Energy Hebei Hengfeng Power Generation Co., Ltd. 2660MW Thermal Power Cogeneration Project ("Hengfeng Power Plant Expansion Project"). The registered capital of the Hengfeng Power Plant Expansion Project company is 1.5 billion yuan, of which: State Energy Hebei Company will contribute 975 million yuan, accounting for 65%; the company will contribute 525 million yuan, accounting for 35%. The registered capital will be injected in stages according to the progress of the project. Both shareholders will contribute in cash, with funds coming from their own sources. According to the announcement, the Hengfeng Power Plant Expansion Project is located in Qingliangdian Town, Wuyi County, Hengshui City, and plans to expand with 2660MW ultra-supercritical coal-fired thermal power cogeneration units, concurrently constructing desulfurization, denitrification, and dust removal facilities. The project has obtained approval from the Hebei Provincial Development and Reform Commission for the expansion of the State Energy Hebei Hengfeng Power Generation Co., Ltd. 2660MW Thermal Power Cogeneration Project.