HFH plans to invest in the KAMOA digital energy photovoltaic power station and energy storage system project, with a total investment of approximately 1.41 billion yuan
HFH plans to invest approximately CNY 1.41 billion to establish a joint venture company to build the KAMOA digital energy photovoltaic power station and energy storage system project, located in the Kamoa-Kakula copper mine area in the Democratic Republic of the Congo. The company's investment will not exceed CNY 1.128 billion, while GW company's investment will not exceed CNY 282 million. The project aims to meet the electricity supply demand in the region, promote the construction of mining energy power systems, address the electricity shortage issue, and marks an important development in the company's overseas energy business
According to the announcement from HFH (301086.SZ), the company plans to invest in the establishment of a joint venture and the construction of a photovoltaic energy storage power station project to develop microgrid business. The total investment for the project is approximately 1.41 billion yuan, of which the company's investment will not exceed 1.128 billion yuan, and GW company's investment will not exceed 282 million yuan.
The KAMOA digital energy photovoltaic power station and energy storage system project that the company intends to invest in is located in the Kamoa-Kakula copper mine area in the Democratic Republic of the Congo. This copper mine is not only one of the three core mining projects in Southern Africa but also the largest high-grade copper resource project currently confirmed in Africa, with highly competitive resource endowment and development potential. The main equity of the project is held by Ivanhoe Mines.
The project plans to construct new photovoltaic plant buildings, energy storage area buildings, and four buildings, namely the distribution building, Chinese staff living building, local staff living building, and living fire pump room; it plans to add 200 MW of photovoltaic module equipment and 10,034 other devices (sets/pieces).
The announcement states that this investment project is mainly to meet the electricity supply demand of the Kamoa-Kakula copper mine area in the Democratic Republic of the Congo, promote the construction of the mining energy power system, and address the electricity shortage dilemma with energy storage solutions. In line with the company's long-term strategic planning for overseas business expansion, investing in the establishment of a joint venture and leading the construction of the KAMOA photovoltaic energy storage power station project is an important entry point for the company's overseas energy business
