Gepic Energy Development (000791.SZ) plans to invest in and build a 100MW photovoltaic power generation project in Yongchang Heqing Beach.

Gepic Energy Development (000791.SZ) announced that in order to further expand the company's new energy generation capacity, its wholly-owned subsidiary Gansu Jiuquan Huineng Wind Power Development Co., Ltd. (referred to as "Jiu Hui Company") invested in the construction of the 100MW photovoltaic power generation project in Yongchang Heqingtang belonging to Gansu Electric Investment Yongchang New Energy Co., Ltd. (referred to as "Yongchang New Energy Company"). The total investment for the Yongchang Heqingtang 100MW photovoltaic power generation project is 345 million yuan, with 20% of the total investment from capital and the remaining from bank loans, etc.