Jingneng Power (600578.SH) plans to raise no more than 5 billion yuan through a private placement.

The Zhitong Finance and Economics App reports that Jingneng Power (600578.SH) has disclosed a plan to issue A-shares to specific parties, including no more than 35 specific investors who meet the requirements set by the China Securities Regulatory Commission, including the company's controlling shareholder Jingneng Group. Among them, Jingneng Group plans to subscribe to this issuance of shares in an amount not less than 10 billion yuan (including this number) and not more than 25 billion yuan (including this number). The total amount of funds to be raised is not more than 50 billion yuan (including this number), with the net amount of funds to be raised after deducting issuance expenses intended for investment in: the expansion project of the Hebei Jingneng Zhuozhou Thermal Power Plant, the Ulanqab Jingda 1500MW "Wind and Solar Energy Storage Integration" large-scale wind power and photovoltaic base project, the acquisition of 40% equity of Shiyan Thermal Power held by Jingneng Group, additional working capital, and debt repayment.