China Power Construction: Consortium wins bid for 6.282 billion yuan energy storage project.

China Energy Construction announced on June 4th that recently, its subsidiary China Water Resources and Hydropower Engineering 16th Bureau Limited has formed a consortium with Fujian Yongfu Electric Power Design Co., Ltd. The consortium won the bid for the design, procurement, construction, general contracting, and operation and maintenance of the energy storage project on the power supply side of 1 million kilowatts / 6 million kilowatt-hours in Chayouzhong Banner, Ulanqab City, Inner Mongolia. The total bid amount is approximately 6.282 billion yuan, with 6.252 billion yuan for design, procurement, construction, and general contracting fees, and 0.30 billion yuan for operation and maintenance fees. The project construction period is 214 calendar days, and the operation and maintenance period is 20 years. As the parties have not yet formally signed the contract, there is still uncertainty regarding the project. Investors are advised to pay attention to investment risks.