DaTang HuaYin Electric Power (600744.SH) plans to invest approximately 375 million yuan to build a new energy power generation project to improve the power supply structure.

Announcement from DaTang HuaYin Electric Power (600744.SH): The company plans to invest in the construction of several distributed photovoltaic projects, including the Hunan Huayuan project in Zhuzhou Economic Development Zone, the second phase of the Leiyang Branch Factory distributed photovoltaic project, the second phase of the Gold Bamboo Mountain Branch Factory distributed photovoltaic project, the first phase of the Shanxing Antimony Industry distributed photovoltaic project, and the second phase of the Hejiaqiao Wind Farm in Liling City. The total installed capacity of these projects is 68.95 MW, with a total investment of approximately 375 million yuan. The funding sources for the Hunan Huayuan project, Leiyang Branch Factory second phase project, Gold Bamboo Mountain Branch Factory second phase project, and Shanxing Antimony Industry first phase project are 20% equity and 80% bank loans, while the funding for the Hejiaqiao project is 30% equity and 70% bank loans. The construction of these photovoltaic projects will further expand the company's new energy installed capacity, increase new profit growth points, enhance the company's profitability, and meet the company's development needs and long-term planning. These projects will ensure local energy supply, improve the company's power structure with green energy, promote the development of local low-carbon economy, and play a positive role in the company's transformation and development of new energy.