Hope Group: Consortium wins bid for 1.59 billion yuan energy storage power station project.

date
04/08/2025
Hopu Corporation announced that its wholly-owned subsidiary, Tianjin Jiahui Electric Power Engineering Co., Ltd., formed a consortium with Henan Chuneng Electric Power Engineering Co., Ltd. and Hunan Hongyuan Electric Power Construction Co., Ltd., and signed the "Total Turnkey Contract for the Demonstration Project of 50MW/200MWh Independent Energy Storage Power Station in Tongwei Yiheng" with the client, Gansu Tongwei Yiheng New Energy Technology Co., Ltd. The contract value is 159 million RMB, with Tianjin Jiahui responsible for 133 million RMB. The contract has clear provisions on the scope of work, schedule, contract value and payment terms, rights and obligations of all parties, default liability, dispute resolution method, etc., However, there are risks of being unable to fully or timely perform the contract due to factors such as performance capabilities, major changes in the external macro environment, changes in government policies, and other force majeure events. If the project is successfully implemented, it is expected to have a positive impact on the company's future business performance.