Hangzhou Cogeneration Group announced that its controlling subsidiary, Hubei Binjiang Energy Co., Ltd., plans to invest in the construction of the Hubei Binjiang Combined Heat and Power Project and conduct a general contracting tender for the project. The project investment amount is approximately RMB 670 million. The funding source will be self-raised or own funds. The scope of the project tender includes the engineering design, procurement, construction, decoration, equipment installation and commissioning, joint trial operation, defect liability period and warranty services, and other services for the construction of 2 sets of 155t/h high-temperature and ultra-high-pressure circulating fluidized bed boilers and 2 sets of 20MW high-temperature and ultra-high-pressure generating units and auxiliary systems. The expected expenditure amount is within the approval authority of the company's board of directors, and the specific amount will be subject to the tender results