Guangxi Energy (600310.SH): The Hezhou Pumped Storage Power Station project in Guangxi has been approved, with a total investment of approximately 8.33 billion yuan.

Guangxi Energy (600310.SH) announced that on June 1, 2026, the company received the approval for the construction of the Hezhou Pumped Storage Power Station Project in Guangxi Zhuang Autonomous Region from the Development and Reform Commission of Guangxi (Guifagai Xineng [2026] No. 358). The power station will have a total installed capacity of 1.4 million kilowatts, with the main construction content being the installation of four reversible generating units with a single unit capacity of 350,000 kilowatts. The hub engineering of the power station mainly includes the upper reservoir, lower reservoir, water conveyance system, underground power plant, and surface switch yard, among other buildings. The total investment for the project is approximately 8.33 billion yuan (excluding the cost of transmission engineering) based on the price level of the fourth quarter of 2025. Of this, the project's capital is 1.666 billion yuan, accounting for 20% of the total investment. The company plans to invest in the construction of the Hezhou Pumped Storage Power Station Project in Guangxi, which aligns with the national "dual carbon" development policy and the company's long-term development strategy focusing on the core business of electricity, promoting the development of clean energy, and cultivating new sources of profit growth.