FULING POWER plans to cooperate with Anhui Zongneng and sign a contract for an energy management project with Anhui Electric Power
FULING POWER announced that it plans to cooperate with Anhui Zongneng to carry out a service project for the improvement of distribution and transformation energy efficiency, and will sign a contract energy management project contract with Anhui Electric Power. The project involves 16 municipal power supply companies, aiming to improve power supply quality and reduce losses, with an expected investment of approximately 487.81 million yuan and estimated revenue of about 789.90 million yuan, with an operational period of 8 years. FULING POWER will act as the leading party, responsible for the entire process of the project, with an investment and revenue share exceeding 50%
According to the Zhitong Finance APP, FULING POWER (600452.SH) announced that the company plans to cooperate with State Grid Anhui Comprehensive Energy Service Co., Ltd. (referred to as "Anhui Zongneng") to jointly carry out the energy efficiency improvement and transformation service project for distribution transformers in Anhui Province, and sign an energy-saving guarantee contract energy management project contract (referred to as "Anhui Project") with State Grid Anhui Electric Power Co., Ltd. and its subordinate units (referred to as "Anhui Electric Power" or "Party A").
The Anhui Project mainly aims to provide energy efficiency improvement and transformation services for 16 power supply companies in cities such as Hefei and Fuyang within the operating area of Anhui Electric Power through a contract energy management model, assisting in the comprehensive energy-saving transformation of the distribution network and improving power quality, thereby enhancing power supply quality, reducing distribution network losses, and improving power supply reliability and economic operation indicators. The company intends to cooperate with Anhui Zongneng to jointly carry out the Anhui Project through joint investment, division of labor, and complementary advantages, achieving the agreed energy-saving goals through the upgrading and transformation of the distribution network. The benefits generated from the project will be fairly distributed between both parties, with the overall investment amount for the project expected to be approximately 487.81 million yuan and project revenue estimated at about 789.90 million yuan, with an operational period of 8 years. According to the agreement between both parties, the company will act as the leading party for the Anhui Project, responsible for coordinating the entire project process, with investment and revenue shares exceeding 50%
