China Power Construction: Wins Bid for 6.282 Billion Yuan Energy Storage Project

China Power Construction Corporation announced that recently, its subsidiary China Water Resources and Hydropower 16th Engineering Bureau Co., Ltd. and Fujian Yongfu Electric Power Design Co., Ltd. formed a consortium and won the bid for the design, procurement, construction, general contracting, and operation and maintenance project of a 1 million kilowatt/6 million kilowatt-hour power side energy storage project in Chayouzhong Banner, Ulanqab City, Inner Mongolia. The total contract amount is approximately 6.282 billion yuan, with the design, procurement, construction, general contracting cost being 6.252 billion yuan, and the operation and maintenance cost being 0.3 billion yuan. The total construction period of the project is 214 calendar days, and the operation and maintenance period is 20 years. At present, the relevant parties have not formally signed the contract, so there is still uncertainty regarding the project.