Recently, Gansu Energy announced that in order to accelerate the progress of the 6 million kilowatts new energy project for self-use in the Tengger Desert Base, the company plans to cooperate with China Resources New Energy to establish Gansu Power Investment Runneng (Wuwei) New Energy Co., Ltd., which is mainly responsible for investment and development. Base project.

The registered capital of the joint venture company is 6 billion yuan, and the capital is in place in installments. Among them, Gansu Energy invested 3.06 billion yuan, with the initial contribution of 5.1 million yuan, holding 51% of the shares; China Resources New Energy invested 2.94 billion yuan, with the initial contribution of 4.9 million yuan, holding 49%.

The announcement shows that the new company's main business operations are:Solar power generation technical services; wind power generation technical services; project management services. Gansu Energy's original businesses are investment, development, construction and operation management of clean energy projects such as hydropower, wind power, and photovoltaic power generation.

Tengger Desert Base Self-use 6 million kilowatts of new energy project:

On October 9, 2023, Gansu Power Investment Group took the lead in developing and constructing a 6 million kilowatts new energy project for self-use in the Tengger Desert Base, and required Power Investment Group to speed up the on-site survey of the 6 million kilowatts new energy project for self-use in the Tengger Desert Base., further optimize project planning and site selection.

On March 7, 2024, Gansu Power Investment Group completed project optimization site selection and other related work as required. According to the structural layout of the power investment group's industrial sector and the relevant commitment to avoid competition in the same industry, Gansu Energy Holdings has established a project company as the owner to orderly promote the development and construction of a 6-million-kilowatt new energy project for self-use in the Tengger Desert Base.

According to the announcement, China Resources New Energy is mainly engaged in comprehensive energy business, specifically involving wind power, thermal power, hydropower, photovoltaic power generation, distributed energy, electricity sales and comprehensive energy services, coal and other fields. The actual controller is China Resources Power.

Gansu Energy's main businesses include hydropower, wind power generation and photovoltaic power generation, of which hydropower has a large proportion. The company's equity hydropower installed capacity has certain scale advantages in Gansu Province and is highly competitive in the Gansu power supply market.